This paper develops three arguments for the current academic and political debate on an appropriate regulation of … different approaches of capital market regulation. As we will show, a preventive, effective and proportional regulation consists … blowing. Compared to position limits, such a framework of regula-tion has socially desirable advantages. (3) Finally, we …

Capital regulation has become increasingly complex as the largest financial institutions arbitrage differences in …

2007, and especially in the euro area after 2010. That crisis triggered major changes to European financial regulation and …

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 …