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Reference | Title | Link |
Kemp, M.H.D. (2014a) | Changing financial sector interconnectivities and their impact on regulatory frameworks (updated) | here |
Abstract
"This paper explores the changing interactions and interconnections between different sectors of the financial services industry. In particular it explores how regulatory frameworks and risk management modelling toolsets across the industry are likely to adapt to these changes. It suggests that current financial services regulatory developments can be grouped into three broad strands driven by: (a) increased focus on systemic risk following the recent financial crisis; (b) increased scepticism amongst regulators and governments that different parts of the financial services industry are inherently different; and (c) continuing societal change driven by IT and other technological developments and by how societies interpret 'fairness'." |
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