Statutory regulation played a relatively minor role in the prudential control of banks.
Prudential deliberators behind the veil of ignorance will realize that the resources necessary to protect their age-relative opportunity range differ at various stages of life.
Although both chapters on financial regulation are interesting, the conclusions are pretty standard : there is a call for a prudential regulation of banks.
Furthermore, articles in the genre of ' prudential' subjectivities incorporate technologies that aim to activate subjects by raising anxieties about the future.
Both the prudential solution and the presentaim view have serious problems accounting for those judgments.
Pressures to tighten the net of prudential supervision emerged after several failures of large central banks, particularly after the second oil crisis in 1979.
This, it should be noted, is not simply a prudential move, which acknowledges the pervasiveness of sentiments of cultural belonging and attempts to 'civilize' them.
Prudential regulation assures a gradual reduction of the financial system's risk, but not rising expected returns, especially for longterm assets.
