Abstract
On February 13, 1989, the Shadow Financial Regulatory Committee issued Policy Statement Number 41 on “A Program for Deposit Insurance and Regulatory Reform.” The statement recommends fundamental changes that remedy the “major flaws in the system by minimizing incentives for insured depository institutions to take excessive risks [through]... capital adequacy policies, increased monitoring of asset values, timely reorganization before a depository institution’s economic capital is exhausted, and enhanced market incentives and rigorous supervisory enforcement.” The complete statement is provided in the appendix.
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References
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© 1990 Kluwer Academic Publishers
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Eisenbeis, R.A. (1990). Restructuring Banking: The Shadow Financial Regulatory Committee’s Program for Banking Reform . In: Kaufman, G.G. (eds) Restructuring the American Financial System. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-2197-9_3
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DOI: https://doi.org/10.1007/978-94-009-2197-9_3
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-7485-8
Online ISBN: 978-94-009-2197-9
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