Showing 1 - 10 of 4,418
This paper assesses the integration strategy of the European Union in regulated network markets. The paper argues that in these markets integration should not be an end in itself. In regulated markets the conventional gains from trade or freedom of establishment may be outweighed by significant...
Persistent link: https://www.econbiz.de/10012728944
stablecoin issuers raises the challenge of how to apply technology-neutral regulation so that similar risks are subject to the …
Persistent link: https://www.econbiz.de/10013206072
Persistent link: https://www.econbiz.de/10015125437
, after Brexit the UK will have to fall back on the third country provisions of EU financial services regulation. This paper …
Persistent link: https://www.econbiz.de/10012982240
Reforms of financial regulation after the crisis of 2007-2009 raise the question of what is the relation between … financial regulators and competition authorities. Should competition authorities play a role in financial regulation? Should …-specific regulation involves authorities actually prescribing desired modes of behavior. The ongoing nature of relations makes regulators …
Persistent link: https://www.econbiz.de/10012914899
In this paper, I suggest that the regulation of the financial system, especially if the aim is to prevent financial … important than organizing the best possible prudential regulation is having a solid and well-developed financial safety net … failed financial institution.The key point I wish to make is that no financial regulation will ever be effective without duly …
Persistent link: https://www.econbiz.de/10013061343
Clearinghouses are systemic nodes in financial markets that handle trillions of dollars’ worth of transactions. Yet, these critical market infrastructures stand on fragile foundations. The Dodd-Frank Wall Street Reform Act of 2010, the sweeping financial reform that followed the 2008 financial...
Persistent link: https://www.econbiz.de/10014361940
Reforms of financial regulation after the crisis of 2007-2009 raise the question of what is the relation between … financial regulators and competition authorities. Should competition authorities play a role in financial regulation? Should …-specific regulation involves authorities actually prescribing desired modes of behavior. The ongoing nature of relations makes regulators …
Persistent link: https://www.econbiz.de/10011879119
Using comprehensive loan-level data in China, we investigate how the deregulation on bank entry barriers alters local banking industrial organization and its economic consequences. We document a novel trade-off: the potential benefits of deregulation are adversely mitigated by entrant banks'...
Persistent link: https://www.econbiz.de/10012900427
The spread of distributed ledger technology (DLT) in finance could help to improve the efficiency and quality of supervision. This paper makes the case for embedded supervision, ie a regulatory framework that provides for compliance in tokenised markets to be automatically monitored by reading...
Persistent link: https://www.econbiz.de/10012861846