Journal Article

Designing incentive-compatible regulation in banking: the role of penalty in the precommitment approach


Abstract: This paper was presented at the conference \\"Financial services at the crossroads: capital regulation in the twenty-first century\\" as part of session 4, \\"Incentive-compatible regulations: views on the precommitment approach.\\" The conference, held at the Federal Reserve Bank of New York on February 26-27, 1998, was designed to encourage a consensus between the public and private sectors on an agenda for capital regulation in the new century.

Keywords: Bank capital; Bank supervision; Risk;

Status: Published in Financial services at the crossroads: capital regulation in the twenty-first century

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Provider: Federal Reserve Bank of New York

Part of Series: Economic Policy Review

Publication Date: 1998

Volume: 4

Issue: Oct

Pages: 145-153