Chapter 12: Redesigning the Contours of the Future Financial System
Author:
Ms. Laura E. Kodres
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and
Mr. Aditya Narain
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https://orcid.org/0000-0003-1103-7119
Language:
English
Print Publication Date:
19 Apr 2012
Keywords:
BOOK; bank; market; financial system; authority; capital; market practice; functioning financial system; IMF policy advice; risk mitigation infrastructure; financial system assets; Financial sector stability; Commercial banks; Systemic risk; Nonbank financial institutions; Global

Abstract

The crisis has elicited wide-ranging discussion and deep introspection about what the future contours of the financial system should look like, particularly about how regulation and supervision should be reformed to encourage a financial system that better mitigates systemic risks. This chapter discusses the weaknesses prevalent in the run-up to the crisis, the probable changes in the regulatory environment, and how the financial system is likely to be shaped by them as opposed to what the future contours of the financial system should look like. The chapter also explores the role that the IMF can play in moving toward a more robust and stable global financial system.

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Cover Building a More Resilient Financial Sector
Building a More Resilient Financial Sector
Reforms in the Wake of the Global Crisis
ISBN:
9781616352295
Publication Date:
19 Apr 2012
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781616352295.071
Pages:
290

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