EPISODE · Apr 16, 2008 · 8 MIN
Why financial regulation is both difficult and essential
from FT Martin Wolf
A voluntary banking code is almost certainly not worth the paper it is written on. If regulation is to be effective, it must cover all relevant institutions and the entire balance sheet and, not least, it must make finance less pro-cyclical, argues Martin Wolf Hosted on Acast. See acast.com/privacy for more information.
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