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Persistent link: https://www.econbiz.de/10011450483
Transnational regulatory networks play important roles in multi-level regulatory regimes, as e.g, the European Union. In this paper we analyze the role of regulatory networks from the perspective of the economic theory of legal federalism. Often sophisticated intermediate institutional solutions...
Persistent link: https://www.econbiz.de/10011436724
limited by regulation largely to retail deposits and mortgages. Graphic television news pictures showed very long queues …
Persistent link: https://www.econbiz.de/10011705347
Persistent link: https://www.econbiz.de/10003855324
include the regulation of parcels and their environmental footprint, in light of the innovations affecting the so-called last …
Persistent link: https://www.econbiz.de/10015081272
securities regulation that had protected investors and their marketplace since the end of the Great Depression. This essay … author concludes that this reallocation of regulatory responsibility will realign the dual system of securities regulation to …
Persistent link: https://www.econbiz.de/10013133451
financial regulation. Today's financial system is a dynamic and complex ecosystem. For these and other reasons, policy makers … and market actors regularly have only a fraction of the information that may be pertinent to decisions they are making …. The processes governing financial regulation, however, implicitly assume a high degree of knowability, stability, and …
Persistent link: https://www.econbiz.de/10012842550
Legislation takes place slowly and incrementally, much like evolution. Ideas in one field get transferred to others. New mutations and new fusions take place with apparently dissimilar partners creating a need for other adaptations. Such a fusion is now occurring between the banking industry and...
Persistent link: https://www.econbiz.de/10012976613
The Dodd-Frank Act, enacted after the global financial crisis, requires U.S. financial regulators to define and regulate systemically risky firms and activities — a truly Sisyphean task. In this Essay, we identify two paths regulators have taken: a “descriptive approach,” which involves...
Persistent link: https://www.econbiz.de/10013011346
This paper studies the specificities of the regulation of shadow banking in the EU. It argues that the idiosyncratic … highlights striking differences between the EU and the U.S. shadow banking sector based on both the market structure and the … discusses shadow banking entities, especially Money Market Funds (MMFs) as typical shadow banking entities and highlights the …
Persistent link: https://www.econbiz.de/10012853767