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Regulatory Cybercrime : A Hacking-Based Mechanism to Regulate and Supervise Corporate Cyber Governance?
Corbet, Shaen - 2017
This paper examines the impact of cybercrime and hacking events on equity market volatility across publicly traded corporations. The volatility influence of these cybercrime events is shown to be dependent on the number of clients exposed across all sectors and the type of the cyber security...
Persistent link: https://www.econbiz.de/10012964812
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Identifying Groups as ‘Financial Conglomerates’ Under European Financial Law (Directive 2002/87/EC) : A Not So Straightforward Exercise
Gortsos, Christos - 2017
The purpose of this paper, structured in three Sections, is twofold: (a) The first is to analyse the conditions under which a group of financial firms is considered to be a ‘financial conglomerate' in accordance with the (complex) definition of this term in Article 2 (point (14)) of the...
Persistent link: https://www.econbiz.de/10012944116
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Currency Hedging Strategies, Strategic Benchmarks and the Global and Euro Sovereign Financial Crises
Caporin, Massimiliano - 2013
, British and US assets. We analyze the impact of the model specification to improve the risk-return tradeoff when currency risk … is hedged. Hedging strategies of currency risk, using exchange rates futures and driven by several multivariate GARCH …
Persistent link: https://www.econbiz.de/10013074792
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The Great Financial Crisis : Setting Priorities for New Statistics
Borio, Claudio E. V. - 2014
Every financial crisis brings in its wake demands for more information; the latest one is no exception. Because, in deceptively tranquil times, it is well-nigh impossible to foster the consensus necessary to improve data availability, such a window of opportunity must not be missed. To be sure,...
Persistent link: https://www.econbiz.de/10013064189
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Investor Information Acquisition and Money Market Fund Risk Rebalancing During the 2011-12 Eurozone Crisis
Gallagher, Emily - 2019
Eurozone crisis. We find that sophisticated investors selectively acquire information about MMFs' risk exposures to Europe … those serving the most sophisticated investors, selectively adjust their portfolio risk exposures to avoid information …-sensitive European risks, while maintaining or increasing risk exposures to other regions. This mechanism helps to explain the occurrence …
Persistent link: https://www.econbiz.de/10012902532
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Capital Markets Union : An Action Plan of Unfinished Reforms
Gurdgiev, Constantin - 2019
The European Union's Capital Markets Union (CMU) is a broadly-based regulatory reforms framework that emerged from the Global Financial Crisis, the Great Recession and the Eurozone Sovereign Debt Crisis of 2008-2014. Launched in 2015, the CMU deployment date is set for 2019, although some...
Persistent link: https://www.econbiz.de/10012890161
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The Changing Structure of Banking Firms and Industry : An Analysis through the European Banks’ Balance Sheets
Scannella, Enzo - 2014
This paper analyzes the changing structure of the Italian and European banking firms and industry. The main aim is to identify the fundamental changes of the underlying economics of banking through the analysis of banks' balance sheets. In this paper, we provide evidence that commercial banks...
Persistent link: https://www.econbiz.de/10013057581
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Securitization : A Financing Vehicle for All Seasons?
Buchanan, Bonnie - 2015
securitization story is one of flawed incentives and the shifting of responsibility for handling risk. The role of securitization and … the ethics of risk transfer have rarely been discussed explicitly in the literature. The historical origins of … ethical implications of securitization in the financial crisis so as to help individuals and managers better assess risk …
Persistent link: https://www.econbiz.de/10013025160
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How does the repo market behave under stress? Evidence from the Covid-19 crisis
Hüser, Anne-Caroline; Lepore, Caterina; Veraart, … - 2021
We examine how the repo market operates during liquidity stress by applying network analysis to novel transaction-level data of the overnight gilt repo market including the Covid-19 crisis. During this crisis, the repo network becomes more connected, with most institutions relying on existing...
Persistent link: https://www.econbiz.de/10013243033
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Investor Information and Bank Instability During the Euro Crisis
Iorgova, Silvia; Ross, Chase P. - 2021
Outside of financial crises, investors have little incentive to produce private information on banks' short-term liabilities held as information-insensitive safe assets. The same does not hold true during crises. We measure daily information production using data from credit default swap spreads...
Persistent link: https://www.econbiz.de/10013243048