Rightly or wrongly, inadequate regulation of finance has taken
much of the blame for the global financial crisis. International organisations
and governments around the world have spent the past three years designing a
new regime of regulation. In Australia, the Basel III measures are being
implemented. Other countries are going much further. Many of these measures may
be warranted, but there are also concerns that the increase in regulation is
misconceived and will act as an avoidable brake on economic recovery and
long-term growth.
A roundtable discussion hosted by The Centre for Independent Studies in
March 2012 examined issues such as the part played by banking regulation or
regulatory failure in the global financial crisis, the suitability of
regulatory responses announced in recent times both internationally and in
Australia, the ‘too big to fail’ syndrome, and the economic implications of the
new regulatory drive.
The Centre for Independent Studies ABN: 15 001 495 012