Key Concepts of Financial Regulation - Rule making
6 Pages Posted: 20 Mar 2021
Date Written: February 10, 2017
Legislators and regulators use a number of concepts to cast regulatory goals into regulatory rules. This range of concepts ranges from highly intrusive, such as prohibition of a certain activity, to little intrusive, such as disclosure of certain facts. This paper systematizes the various available regulatory concepts and proves their continued validity in the context of modern technology-enabled financial services.
This paper was first written as an introductory text to one of the author's lectures on International Financial Regulation.
Keywords: financial regulation, disclosure, quantitative limitations, risk modelling, safety nets
JEL Classification: G1, K22
Suggested Citation: Suggested Citation