It’s (Not) All About the Money: Using Behavioral Economics to Improve Regulation of Risk Management in Financial Institutions

Research output: Contribution to journalArticlepeer-review

Abstract

The article discusses behavioral economics-based legal guidelines for supplementing the Dodd-Frank Act's risk management provisions in the U.S. This act imposes a far-reaching regulatory regime on derivatives and market participants. It reveals that Dodd-Frank Act's requirements are basic and do not reflect the regulators' legitimate concerns. It also reflects on rules required by the Federal Reserves including risk committee compositions, obligations requirements and working procedure.
Original languageAmerican English
Pages (from-to)419-482
Number of pages64
JournalUniversity of Pennsylvania Journal of Business Law
Volume15
Issue number2
StatePublished - 2013
Externally publishedYes

Keywords

  • Delegated legislation
  • Dodd-Frank Wall Street Reform & Consumer Protection Act
  • Markets
  • Reserves (Accounting)
  • United States

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