The Possibilities and Practicalities of Financial Product Preapproval

Authors

Hilary J. Allen, American University Washington College of LawFollow

Abstract

Both parties to a complex financial instrument are likely to be sophisticated – this has led many to wonder why complex financial products need to be regulated at all. However, when the stability of the financial system is at stake, the parties to the transaction shouldn’t be the primary focus. Policymakers should instead be concerned with the externalities that complex financial products can generate for third parties.

Source Publication

The CLS Blue Sky Blog

Recommended Citation

Hilary J. Allen, The Possibilities and Practicalities of Financial Product Preapproval, The CLS Blue Sky Blog (2015).
Available at: https://digitalcommons.wcl.american.edu/pub_disc_media/579