The Seven Deadly Sins of the Contemporary Financial System | Publication

題名	The Seven Deadly Sins of the Contemporary Financial System
作者	臧正運 Tsang, Cheng-Yun
貢獻者	法學院
日期	2018-03
上傳時間	28-Aug-2018 10:39:18 (UTC+8)
摘要	This paper identifies and analyzes the fundamental deficiencies, or “Seven Deadly Sins” of the contemporary financial system. The “Sins” are: dominance of an excessive risk-taking culture and behavior, over-reliance on short-term funding, inevitable deficiencies in hedging tools, ignorance of the sources and feedback loops of shadow banking activities, failure to address cognitive bias, overemphasis on the use of complex regulations, and failure to promote moral restraint and professional standards. An understanding of these sins, together with a brief review of post-crisis reforms, enables policymakers to identify areas where more regulatory effort is needed, or to channel greater market power into the remediation of these fundamental deficiencies.
關聯	Review of Banking & Financial Law, Vol.37, pp.359-412
資料類型	article

dc.contributor	法學院
dc.creator (作者)	臧正運	zh_TW
dc.creator (作者)	Tsang, Cheng-Yun	en_US
dc.date (日期)	2018-03
dc.date.accessioned	28-Aug-2018 10:39:18 (UTC+8)	-
dc.date.available	28-Aug-2018 10:39:18 (UTC+8)	-
dc.date.issued (上傳時間)	28-Aug-2018 10:39:18 (UTC+8)	-
dc.identifier.uri (URI)	http://nccur.lib.nccu.edu.tw/handle/140.119/119664	-
dc.description.abstract (摘要)	This paper identifies and analyzes the fundamental deficiencies, or “Seven Deadly Sins” of the contemporary financial system. The “Sins” are: dominance of an excessive risk-taking culture and behavior, over-reliance on short-term funding, inevitable deficiencies in hedging tools, ignorance of the sources and feedback loops of shadow banking activities, failure to address cognitive bias, overemphasis on the use of complex regulations, and failure to promote moral restraint and professional standards. An understanding of these sins, together with a brief review of post-crisis reforms, enables policymakers to identify areas where more regulatory effort is needed, or to channel greater market power into the remediation of these fundamental deficiencies.	en_US
dc.format.extent	578644 bytes	-
dc.format.mimetype	application/pdf	-
dc.relation (關聯)	Review of Banking & Financial Law, Vol.37, pp.359-412
dc.title (題名)	The Seven Deadly Sins of the Contemporary Financial System	en_US
dc.type (資料類型)	article