IMF paper assesses supervisory burden of regulatory overhaul
An International Monetary Fund paper published yesterday highlights several challenges facing prudential authorities in the US and the UK in providing cost-efficient and adequate supervision of systemically important financial institutions (Sifis).
Julian Chow and Jay Surti, the paper's authors, examine proposals to redefine the scope of activities of Sifis and the feasibility and operational cost of their implementation. In particular, the authors focus on the design for the Volcker rule in the
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