Substituted Compliance and Systemic Risk: How to Make a Global Market in Derivatives Regulation
Sean J. Griffith
Abstract
Open-access reader
Sean J. Griffith
Abstract
Open-access reader
The conventional wisdom is that the global financial crisis of 2007-2008 revealed faults in the ability of international financial regulation to contain the problem of systemic risk. Further conventional wisdom suggests that the failure to regulate comple
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The conventional wisdom is that the global financial crisis of 2007-2008 revealed faults in the ability of international financial regulation to contain the problem of systemic risk. Further conventional wisdom suggests that the failure to regulate comple
Key concepts: Systemic risk, Compliance (psychology), Business, Economics, Psychology, Financial crisis, Macroeconomics, Social psychology