Abstract

This chapter considers several important areas of response (or nonresponse) of banking regulation to the crisis. I begin with an overview of the causes of the crisis and the ways in which the crisis has highlighted the need for regulatory reform. I review the prospects for the reform of regulatory content. I also consider and evaluate the potential changes in the structure of regulation and supervision coming out of the crisis.

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Citation

Calomiris, Charles. "Prudential Bank Regulation: What's Broke and How to Fix It." In Reacting to the Spending Spree: Policy Change We Can Afford, 17-34. Ed. Terry L. Anderson and Richard Sousa. Stanford, California: Hoover Institution Press, April 2009.

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