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  • Photo du rédacteurHélène Dufour

Regulatory Complexity, Uncertainty, and Systemic Risk: are Regulators Hedgehogs or Foxes?

"Rebalancing regulation towards simplicity may produce Pareto-improving solutions, and encourage better decision making by authorities and regulated entities. However, addressing systemic risk in a complex financial system should not entail the replacement of overly complex rules with overly simple or less stringent regulations."


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