Market discipline in financial regulation [electronic resource] / Mark J. Flannery.
Material type:
FilmSeries: Henry Stewart talksBusiness & management collection. Effective risk based supervision: Publisher: London : Henry Stewart Talks, 2009Description: 1 online resource (1 streaming video file (53 min.) : color, sound)Subject(s): Risk management | SupervisionOnline resources: Click here to access online | Series Animated audio-visual presentation with synchronized narration.
Title from title frames.
Contents: Governments bear some of the risk taken by financial institutions: formally (as in deposit insurance) or informally (as in support provided during a crisis) -- Much of the financial system's regulatory oversight is best viewed as an effort to control this indirect source of risk to the government and its taxpayers -- Traditional supervision relies on inspections by government personnel, who tend to focus on accounting outcomes -- Market investors also evaluate financial firms' activities -- The resulting market prices (of equity, bonds, deposits, etc.) can supplement the government's traditional supervisory techniques, at least under certain circumstances.
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Mode of access: World Wide Web.