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 …

principles-based regulation, to extending existing rules on the capital markets and payment systems to specific intermediaries … observed, and a proposal for an EU regulation on Markets in Crypto-Assets is a clear example …

Minimum capital requirement regulation forces banks to refund a substantial amount of their investments with equity … paper argues that, in addition to the buffer and cost effect of capital regulation, there is a strategic effect. A binding … capital requirement regulation restricts the lending capacity of banks, and therefore reduces the intensity of loan interest …

In this paper, we investigate how the introduction of complex, model-based capital regulation affected credit risk of … financial institutions. Model-based regulation was meant to enhance the stability of the financial sector by making capital … introduce the model-based approach. Counter to the stated objectives, the introduction of complex regulation adversely affected …

In this paper, we investigate how the introduction of complex, model-based capital regulation affected credit risk of … financial institutions. Model-based regulation was meant to enhance the stability of the financial sector by making capital … introduce the model-based approach. Counter to the stated objectives, the introduction of complex regulation adversely affected …

regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly … "missed the forest for the trees". As a result, the need for macroprudential aspects of regulation emerged, which has recently … macroprudential regulation in creating stable, yet effcient financial systems. At the same time, I emphasize the importance of …