Corporate Governance Predictions, Then and Now by ProQuest

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Systemic risk regulation and product regulation. Somehow, somewhere, a governmental body will be assigned the specific task of monitoring for ?systemic risk,? most likely as an ?apex? regulator. The current regulatory system has different regulators for the different links in the financial ecosystem chain. That has the advantage of domain expertise; bank examiners, for instance, know about banks. The disadvantage is that no one is responsible for how the parts interact.

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