European Financial Regulation: Three New Agencies
This post was written by Philip Lane
The FT reports the outcome of today’s ECOFIN meeting: Paris gets securities markets; London banking; and Frankfurt insurance.
This post was written by Philip Lane
The FT reports the outcome of today’s ECOFIN meeting: Paris gets securities markets; London banking; and Frankfurt insurance.
December 2nd, 2009 at 7:12 pm
Brilliant. A financial crisis that began with banks behaving like securities issuers and insurance companies (or vice versa, vice versa etc) will be tackled by split oversight of each sector, and geographically separate too.
December 3rd, 2009 at 8:39 am
Government by vested interest! Lots of regulatory capture possible too! No competition between regulators. New age of course, requires understanding that false accounting is in. SPVs rule!
December 4th, 2009 at 2:13 am
http://globaleconomicanalysis.blogspot.com/2009/12/senator-bunning-to-bernanke-you-are.html
Looks like the Fed is under some pressure for blowing bubbles!