Lombard Street
Volume 2, Issue 1
January 18, 2010
Effective Cross-Border Supervision: From Imperative to Implementation
by Richard H. Neiman
In the wake of the financial crisis, an effective framework for cross-border supervision of financial institutions has become an even more compelling imperative
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Problems experienced in the U.S. subprime mortgage market in mid-2007 rapidly escalated to a liquidity crisis in the financial system, leading to a full blown financial crisis in 2008-9 and the worst global recession experienced since the Great Depression in 1929.
by Viral Acharya
November 2008 saw the global financial system on the brink of collapse; the crisis – which began in 2007 – had entered a new and dangerous phase.
by Abel Mateus
Unless there is a major reform of the regulatory systems in the U.S. and the EU, the extraordinary government bailouts of large financial institutions, which were considered too-big-to-fail, have created a major moral hazard problem and will seed an even larger financial crisis in the future.
Lombard Street
The first e-journal focused exclusively on financial services regulation in the 21st century.
- Titled after the famous treatise on banking regulation authored by Walter Bagehot in 1873, this bi-weekly journal is filled with original pieces from prominent thought leaders across the globe.
- Overseen by a multi disciplinary editorial board led by David S. Evans of the University of Chicago and University College London, Lombard Street delivers original articles that will shape and chronicle the evolution of the impending 21st century financial services regulation reform.
- Lombard Street leverages the power of the Web to provide germane and timely thought leadership to a broad and relevant audience. The online format works to fuel interaction between readers and authors, extending the dialogue beyond just the articles.
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David S. Evans, Editor in Chief -Visiting Professor at the University College London and Lecturer at University of Chicago Law School |
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Editorial Board |
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Marco Pagano, Professor of Economics at the University of Naples |
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Jean Charles Rochet, Professor of Mathematics and Economics at the University of Toulouse School of Economics |
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Richard Schmalensee, Professor of Economics and Management at the MIT Sloan School of Management |
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Xavier Vives, Dean of the Undergraduate School of Economics and Business Administration and Professor at the Universitat Pompeu Fabra, Barcelona |
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Lawrence J. White, Professor of Economics at the Stern School of Business at NYU |
Senior Editors |
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Ronald Mann, Professor of Law at Columbia Law School |
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Satya Thallam, Director of the Financial Markets Working Group at the Mercatus Center at George Mason University |
Co-Editors |
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Emilios Avgouleas, Reader in International Financial Law at the University of Manchester and Senior Research Fellow at the Institute for Law, Economy, and Global Governance |
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Robert Litan, Senior Fellow at the Brookings Institution and Vice President for Research and Policy at The Kauffman Foundation |
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Douglas Arner, Director of the Asian Institute of International Financial Law at the University of Hong Kong Asian Law Institute |
