[eng] Operational risk and capital requirements in the European investment fund industry . This paper analyses the sources of operational risk in the investment fund industry. An empirical survey documents the extent and origin of operation losses across European fund management companies. We...

[eng] Financing the basic banking service . The notion of basic banking services is the adaptation to payment services of the notion of Universal Service that prevails in network industries. It is motivated by the fear that deregulation might entail exclusion of certain categories of users. We...

[fre] Les bénéfices de l'interbancarité sont peu discutables, notamment dans le domaine des moyens de paiement. Pourtant, la collaboration entre banques est difficile à organiser. L'exemple de la monétique française illustre parfaitement les conflits potentiels qui peuvent exister entre...

[fre] La crise financière qui a débuté l’été dernier - et qui est encore loin d’être résolue - montre de façon criante que les systèmes complexes de réglementation prudentielle élaborés péniblement par les autorités bancaires sont très largement inadaptés (on pense notamment...

[eng] Prudential regulation and market discipline . Market discipline is considered a fundamental element of on-going reforms of banking regulatory supervisory systems. This article aims at clarifying the logic of the main theoretical arguments in favour of market discipline and reviewing the...