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The Failure of Financial Regulation in the Digital Age




Our article in The Guardian discusses how the digital revolution undermined the effectiveness of banking regulation. For this, we adopt a historical perspective. We conclude that today’s gradual approach in regulating the financial system is doomed to fail. The failure of capital requirements à la Basel I and II exemplify how the boundary problem of financial regulation has become insurmountable in the digital age. As we put it in the article:


“Restoring a functioning financial system in the digital age requires a fundamental overhaul of financial regulation. If regulators do not progress to the digital age, our financial system will remain in its current dysfunctional state.”


Find the full article here.



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