Standards in competition policy, such as the consumer welfare standard or the protecting competition standard, are the subject of considerable debate. This paper considers the relative advantages and disadvantages of alternative standards by first identifying their desirable attributes and then...

This report offers an integrated assessment of the shift within non-bank financial intermediation in real estate finance from structured products to leveraged institutions and collective investment vehicles. The paper reviews the key trends in real estate finance since the global financial...

Insurance intermediaries have a key role in the efficient functioning of insurance markets, and minimising information asymmetries and risk of adverse selection is an important consideration. Intermediaries can analyse the needs of insurance consumers, and advise on appropriate solutions and...