# In an op-ed, Prof. Viral Acharya explains why regulators should focus on financial instruments

1 Faculty News January 17, 2013 ![Livemint logo](/sites/default/files/styles/246w/public/assets/images/livemint%20feature.jpg?itok=nIqY0pI_)>

Excerpt from [LiveMint](http://www.livemint.com/Opinion/NvxwakdYASSsZxNn7RvUBI/Designing-global-financial-regulatory-instruments.html) -- "Despite the largest financial crisis since the 1930s, progress towards international coordination of financial regulation remains dismally slow. To speed the development of a harmonized regulatory framework, policymakers need to focus on international rules for financial instruments, rather than just financial institutions."

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