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Custodians play a key but discrete role in the global financial market infrastructure. In Europe, they are licensed as "credit institutions ", a legal requirement for European deposit-taking institutions, and therefore they face the same prudential requirements as "traditional" banks. However,...
Persistent link: https://www.econbiz.de/10012521160
In diesem Beitrag untersuchen wir die Rolle von Genossenschaftsbanken, Kreditbanken und Sparkassen bei der Vergabe langfristiger Kredite an junge, kleine Unternehmen. Dies geschieht am Beispiel von Krediten aus öffentlichen Förderprogrammen, die in Deutschland einen substantiellen Anteil aller...
Persistent link: https://www.econbiz.de/10010307087
This paper analyzes the evolving architecture for the prudential supervision of banks in the euro area. It is primarily concerned with the likely effectiveness of the SSM as a regime that intends to bolster financial stability in the steady state. By using insights from the political economy of...
Persistent link: https://www.econbiz.de/10010327861
This paper outlines relatively easy to implement reforms for the supervision of transnational banking-groups in the E.U. that should not be primarily based on legal form but on the actual risk structures of the pertinent financial institutions. The proposal also aims at paying close attention to...
Persistent link: https://www.econbiz.de/10010368530
Das Banken- und Versicherungsaufsichtsrecht benennt an mehreren Stellen ausdrücklich gruppenbezogene Pflichten des übergeordneten Unternehmens. Deren Realisierbarkeit hängt von gesellschafts-, insbesondere konzernrechtlichen Schranken ab, die für die Einflussnahme auf nachgeordnete...
Persistent link: https://www.econbiz.de/10010368589
This paper analyzes the evolving architecture for the prudential supervision of banks in the euro area. It is primarily concerned with the likely effectiveness of the SSM as a regime that intends to bolster financial stability in the steady state. By using insights from the political economy of...
Persistent link: https://www.econbiz.de/10010368593
This essay argues that at least some of the financial stability concerns associated with shadow banking can be addressed by an approach to financial regulation that imports its functional foundations more vigorously into the interpretation and implementation of existing rules. It shows that the...
Persistent link: https://www.econbiz.de/10010420333
This essay argues that at least some of the financial stability concerns associated with shadow banking can be addressed by an approach to financial regulation that imports its functional foundations more vigorously into the interpretation and implementation of existing rules. It shows that the...
Persistent link: https://www.econbiz.de/10010420381
The level of financial inclusion in Uzbekistan remains low: the majority of households and firms, rather than using formal finance, save and borrow informally, and few use digital finance products. Both indicate the high cost of finance as the top reason for not using it. Secondly, households,...
Persistent link: https://www.econbiz.de/10011944242
The use of contractual engineering to create channels of credit intermediation outside of the realm of banking regulation has been a recurring activity in Western financial systems over the last 50 years. After the financial crisis of 2007 and 2008, this phenomenon, at that time commonly...
Persistent link: https://www.econbiz.de/10012109997