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certain degree of direct product regulation in order to clarify terms of relevant derivative contracts and the rights and … risk. Derivative instruments are powerful tools for market participants to conduct market speculation, which may help … obligations of parties in order to reduce the negative consequences of speculation/investment by way of derivative instruments …
Persistent link: https://www.econbiz.de/10013125643
Persistent link: https://www.econbiz.de/10012947392
Prior scholarship advocates for international harmonization of financial regulation as a solution to the problem of … that financial institutions relocate following regulation, while also deeply qualifying claims that effective regulation … first empirical evidence that financial institutions migrate in response to derivatives regulation. This paper shows that U …
Persistent link: https://www.econbiz.de/10012898198
task to resolve the tension between market discipline and financial stability is exemplified by the regulation of the OTC …
Persistent link: https://www.econbiz.de/10011526423
At a time of such great turbulence, looking to the future directions of capital markets and their regulation in … current, and readily observable, phenomena which are likely to shape capital markets regulation in the near future. First of … for what may be the somewhat indiscriminate widening of the “perimeter” of regulation; costs of compliance mount …
Persistent link: https://www.econbiz.de/10013113237
the regulation of financial systems, also aiming to achieve supervisory convergence throughout the member states of the …
Persistent link: https://www.econbiz.de/10012933789
This paper discusses problems of harmonisation and regulation of the European Internal Financial Market. The argument …
Persistent link: https://www.econbiz.de/10013132861
In recent years, financial regulators have come under increasing judicial scrutiny for conducting inadequate cost/benefit assessments in advance of significant reforms. One facet of this scrutiny is judicial skepticism towards the proper role for regulatory experimentation (and the real option...
Persistent link: https://www.econbiz.de/10013056218
This paper focuses on the impact of financial market infrastructures (FMIs) and of their regulation on the post … FMIs regulation. By reviewing the current move from ‘private' markets to ‘public' markets internationally, and with respect …
Persistent link: https://www.econbiz.de/10013033390
This note discusses the basic economics of central clearing for derivatives and the need for a proper regulation …, supervision and resolution of central counterparty clearing houses (CCPs). New regulation in the U.S. and in Europe renders the … contagion risk in the financial industry and the creation of a significant systemic risk. However, so far, regulation and …
Persistent link: https://www.econbiz.de/10011532033