G2TT
来源类型Policy Briefs
规范类型简报
Addressing Excessive Risk Taking in the Financial Sector: A Corporate Governance Approach
Steven L. Schwarcz; Maziar Peihani
发表日期2018-09-13
出版年2018
语种英语
摘要

Excessive corporate risk taking by systemically important financial institutions (SIFIs) is widely seen as one of the primary causes of the global financial crisis. In response, an array of international reforms, under the auspices of the Group of Twenty’s (G20’s) standard-setting bodies, has been adopted to try to curb that risk taking. However, these reforms only impose substantive requirements, such as capital adequacy, and cannot by themselves prevent future systemic collapses.

To complete the G20 financial reform agenda, SIFI managers should have a duty to society (a public governance duty) not to engage their firms in excessive risk taking that leads to systemic externalities. Regulating governance in this way can help supplement the ongoing regulatory reforms and reduce the likelihood of systemic harm to the public.

主题Trade & Finance
子主题Central Banking & International Finance
URLhttps://www.cigionline.org/publications/addressing-excessive-risk-taking-financial-sector-corporate-governance-approach
来源智库Centre for International Governance Innovation (Canada)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/180241
推荐引用方式
GB/T 7714
Steven L. Schwarcz,Maziar Peihani. Addressing Excessive Risk Taking in the Financial Sector: A Corporate Governance Approach. 2018.
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PB no.139_1.pdf(3014KB)智库出版物 限制开放CC BY-NC-SA浏览
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