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with background and logic of self-regulation. Self-regulation is placed in the system of regulation, deregulation and … reregulation. It analyses why self-regulation becomes so popular. This part presents different types of self-regulation with their … typical features. Second part deals with the problems and weaknesses. Self-regulation posts numerous questions. Fundamental …
Persistent link: https://www.econbiz.de/10010850444
Text presented at the 19ª Asamblea Anual del Grupo Regional de América Latina y el Caribe (GRULAC), of the World Savings Banks Institute, La Habana, Cuba, 4-5 November 2013. It mentions some of the more recent international reform initiatives in particular those linked to the Basel Committee...
Persistent link: https://www.econbiz.de/10011257769
failed to influence—federal securities regulation and state corporate law, and the prospective roles for the EMH in these … contexts. In federal securities regulation, the EMH has offered a theoretical construct to accompany the general belief in the …
Persistent link: https://www.econbiz.de/10010603964
In 2002, the SEC launched enforcement actions against investors involved in PIPE (Private Investments in Public Equity) transactions. We describe the legal ramifications of this enforcement initiative, and document dramatic contemporaneous market-wide changes in the contractual structure of...
Persistent link: https://www.econbiz.de/10010753685
In this paper we investigate when public enforcement of insider trading regulations reduces the amount of insider trading. We model a game between a potentially self-interested regulator enforcing insider trading laws and a trader who may be trading on inside information. We show that...
Persistent link: https://www.econbiz.de/10010664058
We study the impact of the announcement of enforcement of financial and securities regulation by the UK’s Financial …
Persistent link: https://www.econbiz.de/10008682887
Weak institutions are shown to create scope for public banks to play a positive role, even if such banks are less efficient than private banks.
Persistent link: https://www.econbiz.de/10010572191
type of the chosen model of regulation and historically achieved "depth of financial structure", as well as national … institutional characteristics. Effective regulation model which takes into account these features became an indispensable condition … for economic growth. The authors analyze patterns of development of regulation and supervision systems in the financial …
Persistent link: https://www.econbiz.de/10010860875
sinnvolle Reform der Regulierung ableiten. Neben den Anreizproblemen, die Gegenstand einer weiteren Arbeit sind (Franke …
Persistent link: https://www.econbiz.de/10010986485
In this paper we study systemic risk for the US and Europe. We show that banks' exposures to common risk factors are crucial for systemic risk. We come to this conclusion by first showing that relations between US and European banks are smaller than within each region. We then show that European...
Persistent link: https://www.econbiz.de/10010957186