The Nature of Financial Regulation and its Rationales

9 Pages Posted: 20 Oct 2020

See all articles by Philipp Paech

Philipp Paech

London School of Economics - Law Department

Date Written: January 5, 2017

Abstract

This introductory paper explores the general nature of financial regulation as a set of behavioral rules. Public authorities impose these rules on market participants. The aim is to influence market participants’ behavior in order to achieve certain regulatory goals. The financial crisis has changed our perception of how regulation should be designed in order to achieve these goals. The advent of FinTech challenges our perception again.

Keywords: Regulation, Market Failure, Systemic Risk, Financial Crisis, FinTech

JEL Classification: K22; G01; G18

Suggested Citation

Paech, Philipp, The Nature of Financial Regulation and its Rationales (January 5, 2017). Available at SSRN: https://ssrn.com/abstract=3683705 or http://dx.doi.org/10.2139/ssrn.3683705

Philipp Paech (Contact Author)

London School of Economics - Law Department ( email )

Houghton Street
London WC2A 2AE, WC2A 2AE
United Kingdom

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