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Civil Liability of Rating Agencies - Regulatory All-or-Nothing Approaches between Immunity and Over-Deterrence

Haar, Brigitte - 2013

European Commission's Draft Proposal to amend the EU-Rating Regulation, could possibly be eliminated by procedural presumptions …

Persistent link: https://www.econbiz.de/10013088984

Historical Perspectives on the Financial Crisis : Ivar Kreuger, the Credit-Rating Agencies, and Two Theories About the Function, and Dysfunction, of Markets

Partnoy, Frank - 2010

This Essay discusses two historical parallels between the current financial crisis and the financial crisis of the late 1920s and 1930s. First, financial innovation was at the core of both crises. In particular, the machinations of Ivar Kreuger illuminate how financial innovation tends to...

Persistent link: https://www.econbiz.de/10013148212

The Law of Two Prices : Regulatory Arbitrage, Revisited

Partnoy, Frank - 2019

In contrast to financial arbitrage, which causes prices of economically equivalent transactions to converge in the direction of one price, regulatory arbitrage does not lead to such price convergence. In contrast, regulatory arbitrage tends to produce two different prices for economically...

Persistent link: https://www.econbiz.de/10012869811

Any Regulation of Risk Increases Risk

Maymin, Philip - 2012

the entire financial system more fragile. This result leaves three directions for the future of financial regulation …

Persistent link: https://www.econbiz.de/10013116216

Regulating Innovation : Competition Policy and Patent Law under Uncertainty

Manne, Geoffrey A.; Wright, Joshua D. - 2013

regulation, innovation, and economic growth, the process of innovation itself is not well understood. The regulation of … relationship between regulation - both through competition policy and patent law - and innovation, and the corresponding … uncertainty caused by this absence of knowledge. The relationship between regulation and innovation has posed a significant …

Persistent link: https://www.econbiz.de/10014046279

Macroprudential Regulation : A Risk Management Approach

Dimitrov, Daniel; van Wijnbergen, Sweder - 2023

We address the problem of regulating the size of banks’ macroprudential capital buffers by using market-based estimates of systemic risk combined with a structural framework for credit risk assessment. We develop a set of novel modeling mechanisms through which capital buffers can be allocated...

Persistent link: https://www.econbiz.de/10014257750

Macroprudential Regulation : A Risk Management Approach

Dimitrov, Daniel; van Wijnbergen, Sweder - 2023

We address the problem of regulating the size of banks' macroprudential capital buffers by using market-based estimates of systemic risk combined with a structural framework for credit risk assessment. We develop a set of novel modeling mechanisms through which capital buffers can be allocated...

Persistent link: https://www.econbiz.de/10014257763

Safety, Risk and the Precautionary Principle : Rethinking Precautionary Approaches to the Regulation of Transgenic Plants

Conko, Gregory - 2015

to in the regulation of transgenic plants for nearly a decade, no customary expectation of what actions either requires … suggests a way to rethink the regulation of transgenic plants that focuses on genuine uncertainty. Transgenic plants with …

Persistent link: https://www.econbiz.de/10014061213

Regulatory Arbitrage in the Use of Insurance in the New Standardized Approach for Operational Risk Capital

Migueis, Marco - 2019

Basel's new standardized approach (SA) for operational risk capital may allow for regulatory arbitrage through the use of insurance. Under the SA, banks will have incentive to insure recurring losses, which can meaningfully reduce capital requirements even as it does not meaningfully decrease...

Persistent link: https://www.econbiz.de/10012859534

Asset concentration risk and insurance solvency regulation

Regele, Fabian; Gründl, Helmut - 2021

macroprudential insurance regulation. …

Persistent link: https://www.econbiz.de/10012647831

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