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Where Do We Come From? Innovation And Regulatory Response In The Banking Industry Before The Crisis, Bruno Meyerhof Salama
Where Do We Come From? Innovation And Regulatory Response In The Banking Industry Before The Crisis, Bruno Meyerhof Salama
Bruno Meyerhof Salama
The architecture of financial regulation after the crisis will be an evolution of what preceded it. The available alternatives for reformation at a certain point are limited by the existing institutions. This means, primarily, that history matters, and that decisionmaking at a certain point in time is also limited by previous decisions and events. Because of that, the exercise of analyzing “where we are heading to” only makes sense insofar as we can minimally understand “where we are coming from”.