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Financial Innovation and Transparency in Turbulent Times
2011
Social Science Research Network
The stunning failure of banks put regulatory intervention high on the agenda of governments. Adequate risk monitoring, including by credit rating agencies, measurement and management have proven to be a daunting task, whereas regulation of innovative financial instruments has not brought about adequate disclosure and transparency. After critically reviewing the virtues and pitfalls of financial innovation, this paper offers an analysis of the main transparency initiatives undertaken in the EU
doi:10.2139/ssrn.1865747
fatcat:zpz3mbn375h4doigq4ijjuv4xy