Financial system, Regulation, Supervision, Financial innovation
The paper examines the enormous role of financial institutions, especially banks to the efficient functioning of the economy. The shortcomings of regulation and supervision, notwithstanding, one can argue that because of the special role that financial institutions play in the economy and the economic and social costs to society of their eventual failure, it is obvious that leaving the forces of demand and supply to bear will have adverse implications on the economy and the living standards of the nation's citizens. lt is on this note that i expound on the various reasons for financial system regulation in section 2. The paper ends in section 3 with some conclusions and policy implications.
"Rationale for financial system regulation and supervision: a global perspective,"
Bullion: Vol. 35:
4, Article 3.
Available at: https://dc.cbn.gov.ng/bullion/vol35/iss4/3