Financial stability is a public good. Banking regulation has a vital role to play in the provision and maintenance of financial stability. This article introduces a multiple identity approach to the regulation of the banking sector. It conceptualizes bankers and regulators sharing a common social identity with the rest of the society, namely taxpayer identity besides their respective banker and regulator identities. The article underlines the balance between two social identities, and the reasons why bankers and regulators cannot achieve a balance between the two. Finally, motivated by the multiple identity approach on the political economy of banking regulation, the article discusses two major policy recommendations for regulatory design, at least, to partially address the multiple identity problem.

中文翻译：

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认真对待身份：当身份符合法规时

财务稳定是一项公共利益。银行监管在提供和维持金融稳定中起着至关重要的作用。本文介绍了一种用于银行业监管的多重身份方法。它概念化了银行家和监管者与社会上其他成员共享共同的社会身份，即纳税人的身份以及他们各自的银行家和监管者的身份。文章强调了两种社会身份之间的平衡，以及银行家和监管机构无法在两者之间取得平衡的原因。最后，受银行业监管政治经济学中多重身份方法的启发，本文讨论了有关监管设计的两个主要政策建议，至少可以部分解决多重身份问题。