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% leverage limit would lower the total demand (assets under management) for hedge funds by 10%. In particular, the regulation …We estimate an investors' demand model for hedge funds to analyze the potential impact of leverage limits in the … industry. Our estimation results highlight the importance of heterogeneous investor preference for the use of leverage, i …
Persistent link: https://www.econbiz.de/10010403629
This paper presents the direct vs. indirect debate of hedge fund regulation and attempts to find which approach is … concern regarding investors protection have recently brought the attention of the regulators to hedge fund regulation issue … paper observes the systemic importance of hedge fund industry based on four criteria's [size, leverage, interconnectedness …
Persistent link: https://www.econbiz.de/10012952763
This study takes a comprehensive look at the overall flexibility of regulatory governance in Korea, including the design, implementation, and monitoring of the many issues surrounding regulatory reform that stand in the way of innovation growth. Based on the findings of the analysis, the paper...
Persistent link: https://www.econbiz.de/10014263111
to (i) the liquidity regulation of AMs and (ii) the solvency regulation of IIs can improve upon the competitive …
Persistent link: https://www.econbiz.de/10012511085
regulation is regulatory systemic risk …
Persistent link: https://www.econbiz.de/10013068598
The European Commission's Proposal for a Regulation on European Crowdfunding Service Providers (ECSPs) for businesses … December 2019 but the Regulation is still waiting for its formal adoption. The present paper, after briefly describing … crowdfunding main features, will critically and analytically analyze the main aspects of the proposed ECSPs Regulation, with …
Persistent link: https://www.econbiz.de/10012834863
Financial regulation is a much debated topic for some time. The history of financial instruments started at a time when …. Financial derivatives are a sub species of financial instruments No internationally accepted principles for regulation of … judiciary regarding the regulation of financial instruments in general and financial derivatives in particular. The US, UK and …
Persistent link: https://www.econbiz.de/10012954603
The Australian Treasury has identified a number of challenges in FinTech, especially around Initial Coin Offerings (ICOs). In this paper we examine four types of tokens within ICOs: pure utility tokens, security tokens, stored value tokens, and hybrid tokens. There is considerable confusion...
Persistent link: https://www.econbiz.de/10012891649
Multi-year regulatory rate plans are becoming more common. An agreement to "stay out" of the rate revision process removes an option for the utility company or regulatory commission to request a modification to tariff rates in response to changes in interest rates. We develop an objective...
Persistent link: https://www.econbiz.de/10012936700
relationships adequately in the regulatory framework. This paper analyzes the German regulation of crowdinvesting and finds that it …
Persistent link: https://www.econbiz.de/10012946137