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Conventional economic analysis assumes that Central Counterparties (CCPs) may help to reduce systemic risk and avoid future financial crises by mandating the central clearing of over-the-counter (OTC) derivatives. This view largely goes unchallenged by governments, regulators, practitioners, and...
Persistent link: https://www.econbiz.de/10014101938
When things go wrong, it is always good to find someone to blame. As the credit crisis started to unfold in 2007, credit rating agencies (“CRAs”) emerged as the villain – or scapegoat, one might say – for commentators and regulators alike. To sum up, observers accused CRAs of doing a...
Persistent link: https://www.econbiz.de/10013120955
relies on and endorses the constituents of collaboration. Collaborative regulation, the paper suggests, can arise out of … crisis and be justified through desires for orderliness without compulsion. But for collaborative regulation to be … observations concerning the shape and shaping of collaborative regulation in an atmosphere of more pluralist knowledge based …
Persistent link: https://www.econbiz.de/10013113931
This article examines the emerging financial crisis for governments around the western world arising from the growing …
Persistent link: https://www.econbiz.de/10013111753
with the Enron, World-Com, Pamlat, Nortel Networks and many other financial scandals that plagued multinationals, each … the world together on a common market place called cyberspace, the need to have a convergent corporate governance that …
Persistent link: https://www.econbiz.de/10012862432
, rightly, has been on market failures and the role of regulation in addressing them. This article looks at the role of domestic … tradeoffs.We investigate the role that financial regulation plays in addressing domestic policy failures and in controlling the … failures; and we discuss the limits of regulation …
Persistent link: https://www.econbiz.de/10012934852
During the Financial Crisis of 2008, executive officials pushed the boundaries of their legal powers as well as successfully demanding broad, open-ended delegations of new powers. This paper closely analyzes the legal bases of the U.S. policy responses to the financial crisis, yielding insights...
Persistent link: https://www.econbiz.de/10013140615
. The possibilities include fora for experimentation in capital markets regulation, sets of variegated model capital markets …
Persistent link: https://www.econbiz.de/10012910271
The Basel Accord has often been regarded as one of the most successful forms of international regulation due to the … high level of compliance from various actors despite the lack of direct repercussions. International financial regulation … to perform as a stable method of international regulation, despite the consistent presence of flaws within the global …
Persistent link: https://www.econbiz.de/10012956093