search query: @indexterm regulated industries / total: 17
reference: 10 / 17
| Author: | Wood, G.E. |
| Title: | Too much regulation? |
| Journal: | Economic Affairs
2003 : SEP, VOL. 23:3, p. 19-27 |
| Index terms: | Financial institutions Financial services Regulated industries Regulations |
| Language: | eng |
| Abstract: | The purposes that regulation and supervision of financial institutions are designed to serve are considered in this article. Historical experience with regulation and supervision is considered, and it is argued on the basis of that examination that a fairly "light touch" in regulation is likely to achieve the objectives that governments and citizens require regulation to achieve. Accordingly, it is concluded that when regulation is evaluated and compared with unregulated systems, one should be careful to compare fallible regulation with fallible markets, rather than implicitly assuming regulation is perfect. |
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