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This article studies the regulatory strategies to address the potential systemic risk of hedge funds operation in financial markets. Due to the implications of the choice of regulatory strategies and instruments in terms of mitigating systemic risk, the article focuses on one critical aspect of...
Persistent link: https://www.econbiz.de/10013035084
This chapter argues that a separation thesis was explicitly or implicitly beneath the entire subprime mortgage lending and transaction processes, and largely responsible for the resulting crisis. As the global financial crisis started from the subprime mortgage crisis in the United States of...
Persistent link: https://www.econbiz.de/10013123479
Persistent link: https://www.econbiz.de/10013073172
Many countries around the world have experienced banking crises in the past two decades, and all countries are … witnessing substantial changes in the structure and nature of banking. These developments have led national and multilateral … policymakers to focus increased attention on the crucial role of banking supervision. This focus is reinforced by the fact that …
Persistent link: https://www.econbiz.de/10013112112
The author compares the U.S. with other G-10 countries regarding key aspects of permissible banking activities. One … banking supervision …
Persistent link: https://www.econbiz.de/10013112113
commercial and investment banking activities under one entity, as well as the interconnectedness of the banking entities with … other financial institutions, investment funds, and the shadow banking system. This paper focuses on various measures that … aim to structurally separate the banking entities and their core functions from riskier financial activities such as …
Persistent link: https://www.econbiz.de/10012849279
As part of financial market infrastructures, central counterparties (CCPs) have long been deemed systemically important and are likely to gain in importance due to the regulatory developments mandating central clearing for an increasing number of financial products. This paper focuses on the...
Persistent link: https://www.econbiz.de/10012852181
This paper sketches the key differences in the EU and the U.S. repo markets to inform the policy recommendations for harmonization and standardization of rules governing repo contracts put forward by the international financial fora and standard setters. In so doing, it examines three main...
Persistent link: https://www.econbiz.de/10012852456
This paper studies the specificities of the regulation of shadow banking in the EU. It argues that the idiosyncratic … features of the EU shadow banking sector call for a different (or indigenized) regulatory approach from that of the U.S. It … highlights striking differences between the EU and the U.S. shadow banking sector based on both the market structure and the …
Persistent link: https://www.econbiz.de/10012853767
This article analyzes the regulatory measures adopted to address the potential contribution of hedge funds to financial instability in the U.S. and the EU in the wake of the Global Financial Crisis. The relevant provisions of the Dodd-Frank Act include two sets of direct regulatory measures. The...
Persistent link: https://www.econbiz.de/10012855060