In the current regulatory environment the relationship between the regulatory sine curve and the common elements of banking and financial crises is suboptimal, because regulatory activity only begins its ascent once bank failures are already increasing.
Source quote, verbatim
In the current regulatory environment a suboptimal relationship exists between the regulatory sine curve and the common elements of banking and financial crises.
From
Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013), II.3 Financial Crises and the Regulatory Sine Curve, p. 21 https://ssrn.com/abstract=2273857 · source PDF
Cite as
Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857
Holds when
current regulatory framework without dynamic elements
Classification
failuresupport: arguedfailure: phase mismatch between regulation and crisesfamily: regulatory-lagregulatory-failure
Verify
The quote above is an exact substring of the source PDF, whose sha256 is e7cb3dea40593135acc99a9b00690138fe01020514ebf388f5140e1b0e59e82a. Extraction method: pdf-text-layer. Attestation record: colloquium/attestations/769bb82fdc47c14d...json Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2273857-039.md | sha256sum