title={Regulation of Financial Markets: A Focused Approach},
author={Hans Stoll},
journal={Multinational Finance Journal},
publisher={Multinational Finance Society; Global Business Publications},
keywords={bank regulation; financial regulation; offshore offerings; Security and Exchange Commission},
abstract={A new approach and a new mind-set are needed for the regulation of financial markets. Under our existing trajectory, regulation will become inefficient, unwieldy, and too costly as it attempts to deal with an ever–more complex financial system. Regulators ought to focus on what needs to be regulated, not simply on expanding regulatory oversight. Implicit in this mind-set is the idea that not everything must be regulated. A focused approach to regulation would separate what is regulated from what is not. Examples of how regulation can be more narrowly focused are given for banking, for securities markets, and for futures markets.},