Risk Management and Regulation
Document Type
Book Chapter
Publisher
Oxford University Press
Faculty
Faculty of Business and Law
School
School of Business / Markets and Services Research Centre
RAS ID
18809
Abstract
This chapter considers the management and regulation of risk for financial institutions within market settings, and the manner in which the regulatory authorities have responded to economic development and financial innovation. It examines the links between economic circumstances and regulation and the impact of the Great Depression and the aftermath of the Second World War. The relationship between financial innovation and regulatory changes is explored involving the concepts of regulatory dialectic and the functional view of regulation embodied by the successive Basel Accords. The discussion also considers risk metrics such as value-at-risk and the regulatory response to the recent financial crisis of 2007-2008.
DOI
10.1093/acprof:oso/9780199331963.003.0017
Access Rights
subscription content
Comments
Allen, D., Powell, R. , & Singh, A. (2014). Risk Management and Regulation. In Baker, H.K. & Filbeck, G. (Eds.). Investment Risk Manangement (pp. 324-345). United States: Oxford University Press. Available here