securities regulation. The discussion offers two theses: one descriptive and the other normative. Descriptively, drawing on … institutional approaches to the study of regulation, I show how regulatory systemic risk emerges in the US securities regulatory …

-based legislation - and the frequent principles-based regulation underpinned by such legislation - represents a stark departure from … regulation in Hong Kong - in the form of a Twin Peaks regulatory structure. A focus on the objectives of achieving financial …

.S. financial regulation: (i) enactment is invariably crisis driven, adopted at a time when there is a paucity of information … Law” of U.S. financial regulation. The ensuing one-way regulatory ratchet generated by repeated financial crises has … experimentation to financial regulation. The use of those techniques, properly implemented, advances means-ends rationality, by better …

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 …

Academy of Comparative Law 2018 and gives an overview of the regulation of crowdfunding in Germany and the typical design of … the relevant rules in prudential banking regulation and capital market law. It highlights disclosure requirements that … flow from both contractual obligations of the initiators of campaigns vis-à-vis contributors and securities regulation …

This paper describes how behavioral elements are relevant to financial supervision,regulation, and central banking. It …

-based legislation – and the frequent principles-based regulation underpinned by such legislation – represents a stark departure from … regulation in Hong Kong – in the form of a Twin Peaks regulatory structure. A focus on the objectives of achieving financial …

efficient. Implications for welfare and regulation therefore depend highly on the nature of the shocks and the competitiveness …