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Atlantic. We show that the regulation of bankers' pay is presently more detailed and less flexible in Europe than in the US …
Persistent link: https://www.econbiz.de/10013091649
The EU recently established new supranational financial supervision authorities — ESAs — capable of adopting binding supervisory decisions. The upgraded regulatory framework also inaugurated judicial review by a newly established Board of Appeal and the Court of Justice against these...
Persistent link: https://www.econbiz.de/10013096057
In 2011, the Environmental Protection Agency and Army Corps of Engineers introduced a draft version of a guidance document that purported to clarify the jurisdiction of the Clean Water Act in accordance with recent Supreme Court Cases. Shortly thereafter, it became clear that the Draft Guidance...
Persistent link: https://www.econbiz.de/10013086009
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
This paper offers a framework for regulating internalities. Using a simple economic model, we provide four principles for designing and evaluating behaviorally-motivated policy. We then outline rules for determining which contexts reliably reflect true preferences and discuss empirical...
Persistent link: https://www.econbiz.de/10013027352
This paper describes how behavioral elements are relevant to financial supervision,regulation, and central banking. It …
Persistent link: https://www.econbiz.de/10012912488
regulation. It proceeds by identifying four “interdependence problems” relating to harmonization of financial standards, capital … regulation than are efforts to reduce losses from financial instability, which will likely continue to be ineffective despite … to centrally administer international financial regulation are unlikely to succeed, because they misstate the underlying …
Persistent link: https://www.econbiz.de/10013029921
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