kaal:claim:3406323-028

Democratized banking is more responsive to regulation than centralized structures because ideas at the edge have greater opportunity to affect policy, unlike the existing global hierarchy in which a single group in Basel provides the dominant voice.

Source quote, verbatim

democratized banking is more responsive to regulation because ideas at the edge have a greater opportunity for affecting policy than centralized structures such as the existing global hierarchy which leads to a single group in Basel, Switzerland providing the dominant voice.

From

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019), VI. Evolution, p. 14
https://ssrn.com/abstract=3406323 · source PDF

Cite as

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323

Holds when

decentralized banking and underwriting with well designed governance

Classification

designsupport: argueddecentralizationsystemic-riskgovernance-design

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