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D.T. Llewellyn*,†,‡
*Loughborough University, Loughborough, Leics, UK
†CASS Business School, London, UK
‡Vienna University of Economics and Business, Vienna, Austria
Key Issues
Opening Perspective
Rationale of Regulation and Supervision
Costs of Instability
Objectives of Regulation: Strategic Versus Incremental
Instruments in a Regulatory Regime
Eight Types of Measures
Regulatory Strategy: Two Strategic Approaches
Reducing the Probability of Failures
Structural Regulation
Glass–Steagall Approach
Narrow Banks
Equity Banks
Behavioral Regulation
Connectedness
Intervention
Minimizing the Cost of Bank Failures
Structural Measures
TBTF and the Size Issue
Systemically Important Banks