Sources of Financial Regulation
The first four chapters of this book are devoted to establishing the need for bank regulation. Chapters 1 explores the traditional and changing nature of the business of banking. Chapters 2 examines the fragility of a bank’s promise to pay depositors on demand and Chapter 3 explores how banks form an interconnected system of mutual financial obligations. Chapter 4 considers how governments protect society from the risks explored in Chapters 2 and 3 through the formation of the financial safety net. This chapter serves to segue between the preceding discussion of the broad foundations for bank regulation and the remainder of the book, which will examine how banks are actually regulated. We have seen that ...
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