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Persistent link: https://www.econbiz.de/10012778645
internationally active commercial banks and insurance companies …
Persistent link: https://www.econbiz.de/10012780691
The U.S. Securities and Exchange Commission adopted Regulation NMS, which will modernize the U.S. equity markets through the Trade-Through Rule, rules regarding market data, a rule on access to quotations, and the Sub-Penny Rule. The SEC settled the first enforcement action under Regulation FD...
Persistent link: https://www.econbiz.de/10012783746
commercial banks. Finally, I find that serving as arranger of past loan transactions has the strongest effect on underwriter …
Persistent link: https://www.econbiz.de/10012783840
holding IPOs underwritten by Section 20 commercial banks. These results are inconsistent with the conflict of interest …
Persistent link: https://www.econbiz.de/10012786766
Informational economies of scope that provide a cost advantage to universal banks offering quot;one-stop shoppingquot …. This (interim) market power of universal banks reduces their incentive, relative to that of investment banks, to undertake …
Persistent link: https://www.econbiz.de/10012787179
This paper analyzes the potential effects of commercial banks' expansion into the securities business, taking into … considerations. In addition, the paper discusses how these effects depend on the corporate structure chosen by banks, and it presents … the securities powers of commercial banks in the OECD countries …
Persistent link: https://www.econbiz.de/10012788620
Recent research has shown that different methods of computing Value at Risk (VAR) generate widely varying results, suggesting the choice of VAR methods is very important. This paper examines six VAR methods, and compares their computational time requirements and their accuracy when the sole...
Persistent link: https://www.econbiz.de/10012791118
inability to anticipate and plan for future financial crises, an inability by regulators to quickly adapt to market innovations …
Persistent link: https://www.econbiz.de/10012762436
Lack of transparency in securitization transactions contributed significantly to the severe financial crisis of 2007-2009. In this paper, based on a recent idea by Markowitz (2009), we propose an incentive-compatible mechanism for future securitization transactions that will increase...
Persistent link: https://www.econbiz.de/10012764498