Showing 1 - 10 of 15
The market turmoil in March 2020 highlighted key vulnerabilities in the EU money market fund (MMF) sector. This paper assesses the effectiveness of the EU's regulatory framework from a financial stability perspective, based on a panel analysis of EU MMFs at a daily frequency. First, we find that...
Persistent link: https://www.econbiz.de/10013390997
The introduction of the Securities Financing Transactions Regulation into EU law provides a unique opportunity to … obtain an in-depth understanding of repo markets. Based on the transaction-level data reported under the regulation, this … reported under the regulation can support the policy work of central banks and supervisory authorities. We demonstrate that …
Persistent link: https://www.econbiz.de/10014480027
Persistent link: https://www.econbiz.de/10011569366
Persistent link: https://www.econbiz.de/10010381940
In this paper we examine the quantitative effects of margin regulation on volatility in asset markets. We consider a … presence of collateral constraints leads to strong excess volatility. Thus, a regulation of margin requirements may have … stabilizing effects. However, in line with the empirical evidence on margin regulation in U.S. stock markets, we show that changes …
Persistent link: https://www.econbiz.de/10010258788
Libra is the first private cryptocurrency with the potential to change the worldwide payment and monetary system landscape. Due to the scale and reach provided by its affiliation with Facebook, the question will be not whether, but how, to regulate it. This short paper introduces the Libra...
Persistent link: https://www.econbiz.de/10012848710
necessitating the reconceptualization of financial regulation. RegTech to date has been focused on the digitization of manual … by a new approach that sits at the nexus between data, digital identity and regulation. We seek to expose the inadequacy …
Persistent link: https://www.econbiz.de/10012981927
In this paper we examine the quantitative effects of margin regulation on volatility in asset markets. We consider a … of collateral constraints leads to strong excess volatility. Thus, a regulation of margin requirements may have … stabilizing effects. However, in line with the empirical evidence on margin regulation in U.S. stock markets, we show that changes …
Persistent link: https://www.econbiz.de/10013051665
regulation. This analysis is essential because these systems now play a critical role in asset management, rendering nugatory … several layers of existing regulation. While the Covid-19 pandemic has caused havoc with economic activity, it has accelerated …
Persistent link: https://www.econbiz.de/10012427841
has been virtually no external regulation of this market. This article explores why this might have been so and concludes …
Persistent link: https://www.econbiz.de/10012933685