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innovations. Although justified and necessary, this systems-based strategy discounts the reality that U.S. financial regulation is … reaction to regulation may be explained by who enforces substantive law (the CFTC or the SEC). We provide theoretical … explanations and underscore that, while U.S.-led enforcement is generally viewed as costly, some types of regulation may have the …
Persistent link: https://www.econbiz.de/10014236401
regulation by requiring more than twenty federal agencies to promulgate nearly 400 new rules. Scholars, regulated entities …
Persistent link: https://www.econbiz.de/10013083242
The Dodd-Frank Act, enacted after the global financial crisis, requires U.S. financial regulators to define and regulate systemically risky firms and activities — a truly Sisyphean task. In this Essay, we identify two paths regulators have taken: a “descriptive approach,” which involves...
Persistent link: https://www.econbiz.de/10013011346
Regulation to regulate the issuance of new rules; a Digital Assets Regulation legally defining Blockchain, Non-Fungible Token …
Persistent link: https://www.econbiz.de/10014349518
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
The EU Taxonomy Regulation (TR), adopted in 2019, is a key milestone in defining legally sustainable activities. It …-neutral by 2050, and constitutes, along with the Sustainable Finance Disclosure Regulation (SFDR) and the Low Carbon Benchmarks … Regulation (LCBR), the regulatory ‘trilogy’ implementing the CMU Action Plan in relation to sustainable finance. It substantially …
Persistent link: https://www.econbiz.de/10014256838
Persistent link: https://www.econbiz.de/10013134270
securities regulation that had protected investors and their marketplace since the end of the Great Depression. This essay … author concludes that this reallocation of regulatory responsibility will realign the dual system of securities regulation to …
Persistent link: https://www.econbiz.de/10013133451
financial regulation. Today's financial system is a dynamic and complex ecosystem. For these and other reasons, policy makers …. The processes governing financial regulation, however, implicitly assume a high degree of knowability, stability, and … financial regulation has failed in the past and why it will likely fail again. It also suggests the need for a new approach to …
Persistent link: https://www.econbiz.de/10012842550
reduce the effectiveness of regulation itself and can have negative impact on financial stability; in fact, omitting … regulation, posing severe risks to financial stability …
Persistent link: https://www.econbiz.de/10012896529