Financial Innovation and Flexible Regulation: Destabilizing the Regulatory State

(2014) 18 North Carolina Banking Institute 27-38 (​special issue)

12 Pages Posted: 8 Mar 2014

See all articles by Cristie Ford

Cristie Ford

Peter A. Allard School of Law

Date Written: 2014

Abstract

The author examines the regulatory failures leading up to the financial crisis, the rise of “flexible regulation,” the effects of financial innovation on regulation, and three different case studies that illuminate the drastic effects of that innovation: the Basel II banking regulations, the Canadian Asset-Backed Commercial Paper market, and the process for writing the Volcker Rule. Finally, she examines the underlying assumptions that should be re-examined in order to create more effective regulatory policies.

Keywords: Securities, Financial Regulation, Regulatory state

Suggested Citation

Ford, Cristie L., Financial Innovation and Flexible Regulation: Destabilizing the Regulatory State (2014). (2014) 18 North Carolina Banking Institute 27-38 (​special issue), Available at SSRN: https://ssrn.com/abstract=2403092

Cristie L. Ford (Contact Author)

Peter A. Allard School of Law ( email )

University of British Columbia
1822 East Mall
Vancouver, British Columbia V6T 1Z1
Canada

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