In the context of the financial market, the fact that market forces eliminate those who behave – and especially manage their risks – in a way that violates the rules. – Of course, any disciplining by the market necessarily presupposes transparency. For self-regulation of the financial industry to succeed, this must be enforced by appropriate prudential regulations. – See Transparency Requirement.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/