FeedShowSSRN Author: Roberta Romano

Date: Wed, 19 Jun 2013 17:44:19 +0200

Quote:

http://www.ssrn.com/abstract=1974148

Text:

Foundational financial legislation is typically adopted in the midst or aftermath of financial crises, when an informed understanding of the causes of the crisis is not yet available. Moreover, financial institutions operate in a dynamic environment of considerable uncertainty, such that legislation enacted even under the best of circumstances can have perverse unintended consequences, and regulatory requirements correct for an initial set of conditions can become inappropriate as economic and

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