Face aux défis soulevés par le Shadow banking en termes de stabilité financière, l?article aborde deux questions de fond. D?une part, il présente les risques posés par le Shadow banking et montre que le Shadow banking est porteur de risques intrinsèques et d?interactions complexes avec le...

In the paper, we deal with the unexpected effects of new regulations and supervision and provide recommendations to ensure their effectiveness. New regulations essentially aim at strengthening the solvency and the liquidity of financial institutions. However, some technical aspects of these...

Many risks associated with hedge funds can be addressed through indirect measures aimed at the hedge funds’ counterparties and creditors, nearly all of which are regulated banks and securities fi rms. Hence, we consider here how indirect supervision has been made more effective over time and...

The treatment of sovereign risk in banking and insurance regulations has been highlighted by the sovereign debt strains affecting most advanced economies. In particular, it has become key to assess whether these regulations require from financial institutions to hold adequate regulatory capital...

[fre] Un très haut degré de coopération entre superviseurs bancaires nationaux au sein de l’Union européenne est une nécessité incontestable. À bien des égards, le niveau de coopération qui sera atteint, notamment entre les superviseurs d’un même groupe bancaire opérant dans...

[fre] Les banques françaises ont accompagné l’essor du marché domestique et européen du capital-investissement au cours des dernières années et sont devenus des acteurs incontournables de la sélection et de l’organisation des principales opérations de LBO, ainsi que de leur...

Confidence in both financial institutions and markets must be re-built; this requires (1) better (model-based) valuation processes; (2) a more robust capital basis, including clarification and strengthening of the Basel II securitization framework; (3) improving the liquidity regime; (4) greater...

[eng] The scope of operational risk under Basel 2 and beyond . Due to the growing importance of operational risk over the recent period, the Basel Committee on Banking Supervision decided to establish minimum capital requirements for it. This decision implies a precise measuring of this risk,...