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Most corporate bond research on liquidity and dealer inventories is based on the USD-denominated bonds transactions in the US reported to TRACE. Some of these bonds, however, are also traded in Europe, and those trades are not subject to the TRACE reporting requirements. Leveraging our access to...
Persistent link: https://www.econbiz.de/10012842570
's proposal for a Regulation of the European Parliament and the Council, whose objective is to lay down a general framework for … proposed Regulation (Sub-section 2).(2) Section B addresses the proposed Regulation's subject matter and scope, as well as the …) Section C analyses Articles 4-8 of the proposed Regulation concerning:• the eligibility and composition of the underlying …
Persistent link: https://www.econbiz.de/10012911693
We examine the impact of liberalization, energy efficiency, renewable energy, and security of supply legislations on the risk-return profiles of European energy utilities over the period 1996 to 2013. Results show that, after controlling for equity market and commodity risk factors, the EU...
Persistent link: https://www.econbiz.de/10013043636
I investigate the implications of government interventions and regulatory reform on too-big-too-fail expectations in the European banking sector. Evidence from stock returns over the period 1993 to 2016 suggests that large European banks have long benefitted and continue to benefit from implicit...
Persistent link: https://www.econbiz.de/10012930804
regulation. Our most important conclusions are: (1) Sudden beta increases or decreases occur that often last only short periods …
Persistent link: https://www.econbiz.de/10013217975
and may represent unintended side effects of new regulation enacted in the wake of the financial crisis, such as Basel III …
Persistent link: https://www.econbiz.de/10011879015
permits. In this paper, we examine the effect of this type of environmental regulation on profits. In particular, changes in …
Persistent link: https://www.econbiz.de/10014200333
We empirically investigated the impact of regulatory risk retention methods on credit ratings and pricing at issuance … using a sample of European securitization tranches issued in the period 2011-2021. European regulation is based on the … investigated the impact of these methods on the pricing of securitization tranches and found that investors adjust the risk premium …
Persistent link: https://www.econbiz.de/10014362634
’s proposal for a Regulation of the European Parliament and of the Council “on Markets in Crypto-Assets (…)” (MiCAR), which was … regulatory framework. The nine Sections of the study fully correspond to the Titles of the proposed Regulation. Furthermore, Sub …
Persistent link: https://www.econbiz.de/10013228416
Persistent link: https://www.econbiz.de/10012547014