It’s (Not) All About the Money: Using Behavioral Economics to Improve Regulation of Risk Management in Financial Institutions

Nizan Geslevich Packin

It’s (Not) All About the Money: Using Behavioral Economics to Improve Regulation of Risk Management in Financial Institutions

Research output: Contribution to journal › Article › peer-review

Abstract

The article discusses behavioral economics-based legal guidelines for supplementing the Dodd-Frank Act's risk management provisions in the U.S. This act imposes a far-reaching regulatory regime on derivatives and market participants. It reveals that Dodd-Frank Act's requirements are basic and do not reflect the regulators' legitimate concerns. It also reflects on rules required by the Federal Reserves including risk committee compositions, obligations requirements and working procedure.

Original language	English
Pages (from-to)	419-482
Number of pages	64
Journal	University of Pennsylvania Journal of Business Law
Volume	15
Issue number	2
State	Published - 2013
Externally published	Yes

Keywords

United States
Delegated legislation
Dodd-Frank Wall Street Reform & Consumer Protection Act
Markets
Reserves (Accounting)

Access to Document

https://scholarship.law.upenn.edu/jbl/vol15/iss2/3/

Cite this

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KW - Delegated legislation

KW - Dodd-Frank Wall Street Reform & Consumer Protection Act

KW - Markets

KW - Reserves (Accounting)

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JO - University of Pennsylvania Journal of Business Law

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ER -

It’s (Not) All About the Money: Using Behavioral Economics to Improve Regulation of Risk Management in Financial Institutions

Abstract

Keywords

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