With the economic crisis mutating, now is the hour of the regulator. This column argues that policymakers should take heed; the opacity of over-the-counter trading should come to an end and regulation and transparency should be extended to all corners of the financial sector.
Viral Acharya, Robert Engle, 29 August 2009
Over-the-counter (OTC) markets produced most of the toxic assets that played a prominent role in the ongoing crisis. This column advocates further transparency in OTC markets regulation, arguing that it would make participants apply appropriate risk controls, lower systemic risk, and better situate regulators to address failures of large institutions.
Most Read
Blogs&Reviews
Vox eBooks
Events
-
4 - 4 June 2020 / Zoom webinar / CEPR and the Institute of Global Affairs, School of Public Policy, London School of Economics
-
10 - 10 June 2020 / Zoom webinar / CEPR
-
11 - 11 June 2020 / Online Seminar /
-
18 - 19 June 2020 / Kuala Lumpur, Malaysia / The South East Asian Central Banks (SEACEN) Research and Training Centre
-
22 - 23 June 2020 / Ankara, Turkey / The Trade Policy Research Network, CEPR, Robert Schuman Centre for Advanced Studies, EUI, Florence and TEDU-TRC
