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Financial System Reform: Regulatory Structure, Financial Safety, Systemic Stability and Competition Policy

Published online by Cambridge University Press:  01 January 2023

Warren Hogan  and
Ian G. Sharpe
Warren Hogan
Affiliation:
Department of Economics, University of Sydney
Ian G. Sharpe
Affiliation:
School of Banking and Finance, The University of New South Wales
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Abstract

The paper provides an assessment of the recommendations of the Financial System Inquiry and the Government’s reform proposals relating to the regulatory structure, financial safety and the mega-prudential regulator, systemic stability, and competition policy in the financial sector. It is argued that key reform proposals are based on explicit or implicit assumptions relating to the workings of financial markets and institutions. The Report fails to test those assumptions against contemporary and prospective circumstances to determine the practical worth of the recommendations.

Type
Research Article
Information
The Economic and Labour Relations Review , Volume 8 , Issue 2 , December 1997 , pp. 318 - 332
Copyright
Copyright © The Author(s) 1997

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