Market and Risk Management Innovations: Implications for Safe and Sound Banking
回顾了Benston等人提出的三大创新：更敏感的风险评估方法、强化市场纪律与信息披露、对问题银行及早干预，并讨论了二十年来未预见的环境变化对银行监管的启示。
This commentary reviews three of the major innovations suggested in Benston et al. (1986): movement toward greater risk-sensitive approaches, an enhanced role for market discipline and disclosure, and earlier intervention for troubled banks. The author then discusses environmental changes that may not have been anticipated two decades ago and some implications for bank supervision and regulation.