||About the Author|Avinash D. Persaud's career spans finance, academia, and public policy. He is currently Chairman of Intelligence Capital, a London-based financial consultancy; Chairman of Elara Capital, an emerging market investment firm based in London and Mu
Reinventing Financial Regulation offers an analysis of the fundamental flaws that plague the current system of financial regulation, one built around ideas of "risk-sensitivity" and "capital adequacy." Author Avinash Persaud argues that while some sensible reforms have been introduced, a fresh approach—centered on risk capacity—is required. When the entire regime is compromised, simply slapping bandages on each new wound will do n...
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