When Society and Regulation Conflict
Lecture no. 11 from the course: Crashes and Crises: Lessons from a History of Financial Disasters
Taught by Professor Connel Fullenkamp | 00 min | Categories: The Great Courses Plus Online Economics & Finance Courses
One of the biggest risk factors toward financial crisis occurs when society and regulators are at odds. See what happens when regulators try to crack down on a certain type of financial service—but society wants it—resulting in the service being sought from outside of the traditional financial service providers, and into places where the regulators don’t have jurisdiction.