Regulating Away Systemic Risk

Here is an interesting new paper on how regulation can mitigate systemic risk, put out by the Technical Committee of the International Organization of Securities Commissions. The paper reviews the crisis, its lessons, and then launches into the identification and mitigation of these risks.  While such an aggregation of opinions is necessarily mainstream, the paper is a nice summary of the regulatory view of the crisis and response.  But economists need to weigh in with evidence.

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