11 September 2012

IMF: Estimating the Costs of Financial Regulation


This discussion note assesses the overall impact on credit of the global financial regulatory initiatives in Europe, Japan, and the United States. The study first reviews relevant academic theory and then examines three principal sets of sources: official sector impact analyses of the financial reforms; disclosures by financial institutions of their pro-forma impact of Basel III rules; and impact analyses by equity and debt analysts in investment banks, industry associations, and consulting companies.

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