Activity-based regulation will not guarantee level playing field – BIS paper
Authors propose framework to clarify use of entity- and activity-based regulations
Activity-based regulation may still need to be tailored on an entity level to ensure a level playing field in the financial services industry, researchers at the Bank for International Settlements argue.
Claudio Borio, Stijn Claessens and Nikola Tarashev outline a framework to clarify the use of activity-based (AB) and entity-based (EB) regulations in a paper published on August 3. They argue the debate over the best approach has been “muddied” by imprecise definitions.
Their paper
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