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The Structure and Regulation of Financial Markets$
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Peter D. Spencer

Print publication date: 2000

Print ISBN-13: 9780198776093

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198776093.001.0001

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Bank Regulation in Practice

Bank Regulation in Practice

(p.208) (p.209) 11 Bank Regulation in Practice
The Structure and Regulation of Financial Markets

Peter d. Spencer

Oxford University Press

Due to their nature, banks are more highly regulated than other financial institutions, since they are a vital social institution and operate the payment transmissions system. Monetary history reveals that that there are certain regulations that have been imposed for some time: from laissez-faire to prohibitive systems, restricting bank portfolio selection. Today, supervision of bank regimes is done by the government. This chapter gives another look at problems of the present regulatory regime, after which, proposals for root and branch reform are recommended. However, the main focus here is upon prudential regulation. The chapter concludes with a look at some competition problems which arise when banking systems are dominated by larger institutions.

Keywords:   bank regulation, monetary history, laissez-faire, central bank, payment transmission

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