What is it about?
This chapter to the volume, accounts for arguments in favor of - as well as against the need for ring fencing and separate legal entities. The paper is also consolidated as Chapter 9 in the volume , Recovering from the Global Financial Crisis: Achieving Financial Stability in Times of Uncertainty Copyright Business Expert Press, and hence owing to copyright reasons, cannot further be elaborated on here.
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Why is it important?
Justifications for Ring Fencing and Separate Legal Entities has become more important - particularly in respect of the digital economy - and even more particularly where it is so unfeasible to ring fence by virtue of the nature and magnitude of the tasks and objectives involved. In the case of the digital economy, for example - where this (such) is actually a significant aspect of the actual (and modern) economy.
Perspectives
Although there are plausible arguments in favor - as well as against ring fencing and separate legal entities, it is evident that given the contexts, complexity and nature of risks involved, rationales for regulating such risks, proportionate regulatory measures which whilst incorporating cost benefit considerations, should be applied such that goals and intended objectives, to a larger extent, are realised.
Prof Marianne Ojo
Northwestern University
Read the Original
This page is a summary of: “Volcker/Vickers Hybrid”?, January 2017, IGI Global,
DOI: 10.4018/978-1-5225-1900-3.ch017.
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