Prudential Regulation and Competition in Financial Markets

Rudiger Ahrendi ; Jens Matthias Arnoldi ; Fabrice Murtini iOECD

Organisation for Economic Co-operation and Development

关键词: stability;    banking;    prudential regulation;    competition;    insurance;   

DOI  :  https://doi.org/10.1787/220117664431

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

This paper examines how a range of stability-oriented regulatory policies for banking and insurance are related to selected stability and competition outcomes in these sectors. Based on survey information on financial market regulation, policy indicators for eight areas of prudential banking regulation are constructed, in addition to indicators for the insurance sector. Despite incomplete information on some areas that turned out to be important in the context of the recent financial crisis, the indicators correlate well with different measures of financial stability, both during the recent crisis and beyond. Furthermore, the results do not support the view that there is a general trade-off between stability-oriented regulatory policies and competition in banking and insurance.