CEPR Conference: 'The Future of Regulatory Reform'

Tuesday, October 5, 2010

CEPR held its first conference on financial regulation on October 4. The Future of Regulatory Reform brought together senior policymakers, leading academics and industry practitioners. With the new regulatory landscape being decided by the end of this year, there is still active debate over several areas. For many, this crisis should not be wasted. It offers a window of opportunity that has never been so wide open. José María Roldán of the Bank of Spain made the point that the regulatory body is by its nature static and the financial industry dynamic. For the first time though, says Jochen Sanio, President of the German financial regulator BaFin, the bank lobbyists are outside the room. 'Now', he argues, 'is the hour of the regulator.'