Financial Regulation
Advanced
Macroprudential Regulation
Regulation aimed at the stability of the financial system as a whole rather than only the safety of individual institutions.
Why It Matters
It reframes financial law around spillovers, correlated exposures, leverage, short-term funding, and procyclicality.
Selected Literature
A short list of directly relevant archive entries.
2009
Intermediate
The Fundamental Principles of Financial Regulation
Markus Brunnermeier, Andrew Crockett, Charles Goodhart, Avinash Persaud, and Hyun Song Shin
Geneva Reports on the World Economy
2011
Intermediate
A Macroprudential Approach to Financial Regulation
Samuel G. Hanson, Anil K. Kashyap, and Jeremy C. Stein
Journal of Economic Perspectives
2011
Advanced
Basel III: A global regulatory framework for more resilient banks and banking systems
Basel Committee on Banking Supervision
Bank for International Settlements
2017
Advanced
Measuring Systemic Risk
Viral V. Acharya, Lasse H. Pedersen, Thomas Philippon, and Matthew Richardson
Review of Financial Studies
Related Cases
1996
Financial Law
United States v. Winstar Corp.
518 U.S. 839 (1996)
Government contractual commitments made during thrift supervisory mergers and later regulatory change.
2019
Corporate Law
Marchand v. Barnhill
212 A.3d 805 (Del. 2019)
Board-level compliance systems and oversight of a risk central to the company's single-line business.