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More than twenty years after the EU eliminated its internal land borders, the Union still lacks an integrated airspace. This seems to be the most immediate regulatory lesson of the recent volcanic ash crisis. In this brief report, I will provide a first-hand analysis of the regulatory answer...
Persistent link: https://www.econbiz.de/10014195053
This is a chapter for a forthcoming volume Oxford Handbook of Financial Regulation (Oxford University Press 2014) (eds …. Eilís Ferran, Niamh Moloney, and Jennifer Payne). It provides an overview of EU financial regulation from the first banking … the accommodation of cross-border capital flows and their regulation necessarily require an orchestration of the …
Persistent link: https://www.econbiz.de/10010372581
addressed by an approach to financial regulation that imports its functional foundations more vigorously into the interpretation … and implementation of existing rules. It shows that the general policy goals of prudential banking regulation remain …
Persistent link: https://www.econbiz.de/10010415904
addressed by an approach to financial regulation that imports its functional foundations more vigorously into the interpretation … and implementation of existing rules. It shows that the general policy goals of prudential banking regulation remain …
Persistent link: https://www.econbiz.de/10010411253
failure of regulation to cope with its externalities. Differently from more standard explanations, which are based on … opportunism and/or irrationality of financial institutions, this analysis suggests that regulation has not just been insufficient …. Regulation has contributed to financial instability too, supporting fragile conventions to handle uncertainty and encouraging …
Persistent link: https://www.econbiz.de/10013136479
implementing regulation two key procedural mechanisms: (1) a requirement of automatic subsequent review and reconsideration of the …
Persistent link: https://www.econbiz.de/10013113238
This paper considers the debate about the "macro-prudential regulation" of finance in the context of a broader view of … dominant families of ideas about finance and its regulation share a failure of institutional imagination. Neoclassical … productive agenda of society. The fourth idea is that the regulation of finance, including what we now call macro …
Persistent link: https://www.econbiz.de/10013092132
The existing international financial regulatory architecture is multifarious. Prevalent regulatory forums are numerous, with over-lapping spheres of activity, where all such forums share a lack of consolidated authority. Bodies like the Basel Committee on Banking Supervision (BCBS), Group of 20,...
Persistent link: https://www.econbiz.de/10013092182
Persistent link: https://www.econbiz.de/10013092731