Document Type
Article
Publication Title
Regulation
Publication Date
2013
ISSN
0147-0590
Page Number
36
Keywords
financial stability, financial reform, Dodd-Frank, shadow banking
Disciplines
Banking and Finance Law | Law
Abstract
There is a growing consensus that new financial reform legislation may be in order. The Dodd-Frank Act of 2010, while well-intended, is now widely viewed to be at best insufficient, at worst a costly misfire. Members of Congress are considering new and different measures. Some have proposed substantially higher capital requirements for the largest financial firms; others favor an updated version of the old Glass-Steagall regime. This paper offers up a simpler approach, one that centers around the financial sector’s short-term funding. The simpler approach would be compatible with other financial stability reforms, but it is better understood as a substitute for Dodd-Frank and other measures.
Recommended Citation
Morgan Ricks,
A Simpler Approach to Financial Reform Regulation. 36
(2013)
Available at: https://scholarship.law.vanderbilt.edu/faculty-publications/921