Jump to ContentJump to Main Navigation
New Directions in Financial Services Regulation$
Users without a subscription are not able to see the full content.

Roger B. Porter, Robert R. Glauber, and Thomas J. Healey

Print publication date: 2011

Print ISBN-13: 9780262015615

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262015615.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 21 September 2021

Summary of Discussion

Summary of Discussion

Chapter:
(p.125) Summary of Discussion
Source:
New Directions in Financial Services Regulation
Author(s):

Roger B. Porter

Robert R. Glauber

Thomas J. Healey

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262015615.003.0011

This chapter compiles and consolidates the discussion on how best to modify the regulation of finance in the United States. It takes the insights and views propagated by previous chapters and comments. Debates over whether government intervention should expand or decrease are addressed. Also suggested is the systematic breaking up of important institutions that will help decentralize and breakdown the too large and complex firms, thereby creating a more manageable and regulatory financial system. Leading up towards a resolution, Nason and Poole observe a phenomenon in the system that illustrates why discretion must be revoked from regulators. Regulators should have limited discretion, and the must be, in place, statutory requirements. The rule, therefore, should be in the statute to limit regulators’ discretion.

Keywords:   regulation of finance, statutory requirements, regulators’ discretion, limited discretion

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.