Imperial College London

Professor Franklin Allen

Business School

Executive Director of the Brevan Howard Centre
 
 
 
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Contact

 

+44 (0)20 7594 9195f.allen Website CV

 
 
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Location

 

2.05B52-53 Prince's GateSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@article{Allen:2016:10.1007/s10693-016-0253-2,
author = {Allen, HF and Goldstein, I and Jagtiani, J and Lang, W},
doi = {10.1007/s10693-016-0253-2},
journal = {Journal of Financial Services Research},
pages = {133--149},
title = {Enhancing Prudential Standards in Financial Regulations},
url = {http://dx.doi.org/10.1007/s10693-016-0253-2},
volume = {49},
year = {2016}
}

RIS format (EndNote, RefMan)

TY  - JOUR
AB - The financial crisis has generated fundamental reforms in the financial regulatory system in the U.S. and internationally. Much of this reform was in direct response to the weaknesses revealed in the precrisis system. The new “macroprudential” approach to financial regulations focuses on risks arising in financial markets broadly, as well as the potential impact on the financial system that may arise from financial distress at systemically important financial institutions. Systemic risk is the key factor in financial stability, but our current understanding of systemic risk is rather limited. While the goal of using regulation to maintain financial stability is clear, it is not obvious how to design an effective regulatory framework that achieves the financial stability objective while also promoting financial innovations. This paper discusses academic research and expert opinions on this vital subject of financial stability and regulatory reforms. Specifically, among other issues, it discusses the impact of increasing public disclosure of supervisory information, the effectiveness of bank stress testing as a tool to enhance financial stability, whether the financial crisis was caused by too big to fail (TBTF), and whether the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA) resolution regime would be effective in achieving financial stability and ending TBTF.
AU - Allen,HF
AU - Goldstein,I
AU - Jagtiani,J
AU - Lang,W
DO - 10.1007/s10693-016-0253-2
EP - 149
PY - 2016///
SN - 1573-0735
SP - 133
TI - Enhancing Prudential Standards in Financial Regulations
T2 - Journal of Financial Services Research
UR - http://dx.doi.org/10.1007/s10693-016-0253-2
UR - http://hdl.handle.net/10044/1/21839
VL - 49
ER -