Europäische Banken sind gesetzlich verpflichtet, bei ihren Geschäften strenge Regeln zur Risikoabwägung zu befolgen. Doch tatsächlich haben genau diese Regeln erst dazu geführt, dass die Finanzmärkte heiß liefen. Frank Riedel, Professor für Finanzmathematik, erklärt, wie es passieren...

Introduction -- "Too Clubby to Fail": Wall Street Banks Win, Thrifts and Community Banks Lose -- Increased Risk Taking Due to Deregulation -- Deregulation, Politics, and Criminal Prosecutions -- The Four Major Waves of Change in the 1990s That -- Laid the Groundwork for the 2008 Financial Crisis...

In the wake of the global financial crisis that erupted in 2008, there has been extensive commentary and regulatory focus on the 'Too Big to Fail' issue. In this paper, we survey the proposed solutions and regulatory initiatives that have been undertaken. We conduct a longitudinal analysis of...

4207 The system of non-bank financial intermediaries (NBFI; i.e., shadow banks) has grown rapidly in recent decades up to a roughly size of about Dollar 71 trillion. Shadow banks moved for a number of reasons into the focus of regulatory authorities: (1) the risks associated with circumventing...