文章基本信息

标题：What is the importance of regulation and transparency in the subprime crisis?
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作者：Helder Ferreira de Mendonça ; Délio José Cordeiro Galvão ; Renato Falci Villela Loures 等
期刊名称：Banks and Bank Systems
印刷版ISSN：1816-7403
电子版ISSN：1991-7074
出版年度：2010
卷号：5
期号：1
页码：32-46
语种：English
出版社：LLC "CPC "Business Perspectives"
摘要：The subprime crisis has put in doubt the actual rules of regulation and demands the necessity of a search for mechanisms capable of reducing the occurrence of crisis. Particularly the lack of transparency of information among financial market agents is an important element of the causes of crisis and its dissemination. This study evaluates data from 37 countries on accountability of big financial institutions regarding the Basel principles,as well as respective regulatory agencies. The findings reveal that countries with greater transparency and regulation of their financial sector experienced a lower effect due to the subprime crisis. Furthermore,there exists a greater concern with transparency and banking regulation in developed economies compared to developing ones. Hence,political transparency matters in developed economies while the economic transparency regarding bank risk is relevant in developing countries. Finally, an increase in accountability of the regulatory authority can imply less vulnerability of its financial markets.
关键词：regulation;transparency;banks;subprime crisis.