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The Wallis Inquiry: An Assessment

Published online by Cambridge University Press:  01 January 2023

Colm Kearney
Colm Kearney*
Affiliation:
University of Technology, Sydney
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Abstract

The Wallis Report is a substantial document with many useful insights into the workings of the financial system and its interactions with the regulatory and deregulatory process. This article provides a brief review of the Wallis Report. It argues that the Report could have been improved by first, including a more sophisticated evaluation of prior deregulatory experience, second, providing a more thorough explanation of how its recommendations will work in the areas of systemic stability and depositor protection, and third, including recommendations for a formal and rigorous monitoring of he outcomes of the recommended legislative changes.

Type
Research Article
Information
The Economic and Labour Relations Review , Volume 8 , Issue 2 , December 1997 , pp. 308 - 317
Copyright
Copyright © The Author(s) 1997

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References

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