As the recent Financial Stability Board decision on loss-absorbing capital shows, repairing the financial system is still a work in progress. This column reviews the author’s new book on the matter, Reinventing Financial Regulation: A Blueprint for Overcoming Systemic Risks. It argues that financial institutions should be required to put up capital against the mismatch between each type of risk they hold and their natural capacity to hold that type of risk.
Most Read
Vox eBooks
Vox Talks
Events
-
29 - 30 August 2019 / Galatina, Italy /
-
4 - 5 September 2019 / Roma Eventi, Congress Center, Pontificia Università Gregoriana Piazza della Pilotta, 4, Rome, Italy / European Center of Sustainable Development , CIT University
-
9 - 14 September 2019 / Guildford, Surrey, UK / The University of Surrey
-
16 - 17 September 2019 / Oslo / Danmarks Nationalbank, Deutsche Bundesbank and Norges Bank
-
16 - 17 September 2019 / Essen, Germany / Centre for Research and Analysis of Migration (CReAM), University College London and RWI – Leibniz Institute for Economic Research
