A practical approach to the regulation of risk
                   
ft.com
25-Aug-2008
        

By John Eatwell and Avinash Persaud Apeculiar characteristic of financial regulation today, and one of the causes of its failure, has been the divergence of theory and practice. Recent proposals by regulatory and banking lobbies appear to be continuing this divergence. In theory, it is generally accepted that the core purpose of financial regulation is to mitigate systemic risks, such as a global credit crunch.... [read full story]                    

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