regulation, recovery and resolution, and risk culture. …

). It proposes an avenue for regulators to keep regulatory arbitrage under control and preserve sufficient space for … proverbial race between hare and hedgehog in financial regulation and demonstrate how such an approach can be implemented in … proposes to apply regulatory burdens equivalent to prudential banking regulation if the respective transactional structures …

European Union. Those entities gained crucial importance post-crisis due to new regulation which requires the mandatory … arbitrage. Therefore, the regulatory reform to stabilize the OTC derivatives market replicated at its center a governance flaw …