Print Edition

Print Edition

Print Edition

For Diversity in the International Regulation of Financial Institutions: Critiquing and Recalibrating the Basel Architecture

PDF Download

This Article challenges the prevailing view of the efficacy of harmonized international financial regulation and provides a mechanism for facilitating regulatory diversity and experimentation within the existing global regulatory framework, the Basel Accords. Recent experience suggests that regulatory harmonization can increase, rather than decrease, systemic risk, an effect that is the precise opposite of the […]