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This article outlines the benefits and risks of the distributed ledger technology (DLT) for the clearing and settlement …
Persistent link: https://www.econbiz.de/10012907301
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On 23rd February 2017, SUERF and EY organized a conference on "Brexit and the Implications for Financial Services" at EY's offices, Churchill Place, Canary Wharf, London. While the outcome of the Brexit negotiations remains highly uncertain, the conference discussed the burning questions for...
Persistent link: https://www.econbiz.de/10011712197
The introduction of the Securities Financing Transactions Regulation into EU law provides a unique opportunity to … obtain an in-depth understanding of repo markets. Based on the transaction-level data reported under the regulation, this … reported under the regulation can support the policy work of central banks and supervisory authorities. We demonstrate that …
Persistent link: https://www.econbiz.de/10014480027
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In this paper we study systemic risk for the US and Europe. We show that banks' exposures to common risk factors are crucial for systemic risk. We come to this conclusion by first showing that relations between US and European banks are smaller than within each region. We then show that European...
Persistent link: https://www.econbiz.de/10009784871
The Irish financial crisis caused unprecedented damage to the national economy. While large amounts of tax-dollars have gone towards understanding the events leading up to the crisis, there has not been a concentrated effort to consolidate the lessons learned for both Ireland and the European...
Persistent link: https://www.econbiz.de/10013000328
How does macroprudential regulation affect financial stability in the presence of non-bank financial intermediaries? We …-prudential regulation, generally, decreases systemic risk among traditional banks, it has the opposite effect on systemic risk in the non …
Persistent link: https://www.econbiz.de/10014463362
Compared to the U.S., the euro area has been underperforming in the wake of the Great Financial Crisis (GFC). This holds especially true for peripheral euro area economies. Whereas the U.S. is characterised by a financial system dominated by arms’ length (capital-market oriented) interaction...
Persistent link: https://www.econbiz.de/10012051211
The Global Financial Crisis (GFC: 2008–2009) and the Euro Sovereign Crisis (ESC: 2010–2012) seem a process of creative destruction for the European Union (EU). The huge damage provoked by the GFC and ESC was, in fact, followed by important institutional building steps as the Banking Union...
Persistent link: https://www.econbiz.de/10012153491