Licensing Banks<sup>1</sup>

Tommaso Padoa-Schioppa

in Regulating Finance

Published in print March 2004 | ISBN: 9780199270569
Published online July 2005 | e-ISBN: 9780191602542 | DOI:
Licensing Banks1

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This essay argues for the restatement and strengthening of bank licensing principles. Restatement will limit public interference in the financial and technological innovation process, and ensure that end-users will benefit from the process. Licensing principles should be strengthened to preserve the ability of the financial structure to deal with systematic tensions, and maintain competitive equality among market participants.

Keywords: bank licensing principles; banking; regulation; financial innovation; technological innovation

Chapter.  9160 words. 

Subjects: Financial Markets

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