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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
In this paper, I suggest that the regulation of the financial system, especially if the aim is to prevent financial … important than organizing the best possible prudential regulation is having a solid and well-developed financial safety net … failed financial institution.The key point I wish to make is that no financial regulation will ever be effective without duly …
Persistent link: https://www.econbiz.de/10013061343
Persistent link: https://www.econbiz.de/10012905124
This paper examines the regulation of outsider trading in EU and the US, highlighting the differences between the two …
Persistent link: https://www.econbiz.de/10013004750
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
This paper contributes to addressing a fundamental question: how do institutions, in general, and financial regulators, in particular, “think”? To this end, the analytical tools of social psychology are applied to the regulatory framework for financial services in the European Union. The...
Persistent link: https://www.econbiz.de/10012848960
benefits. Contrary to claims in the literature that “equity is expensive” and that regulation requiring more equity in the … funding mix entails costs to society, such regulation actually helps create useful commitment for banks to avoid the … inefficiently high borrowing that comes under laissez-faire. Effective regulation is beneficial even without considering systemic …
Persistent link: https://www.econbiz.de/10011925841
. Contrary to claims in the literature that "equity is expensive" and that regulation requiring more equity in the funding mix … entails costs to society, such regulation actually helps create useful commitment for banks to avoid the inefficiently high … borrowing that comes under laissez-faire. Effective regulation is beneficial even without considering systemic risk; if such …
Persistent link: https://www.econbiz.de/10011977827
This paper discusses different means of regulation, taking the example of post-crisis financial markets regulation. It … is remarkable that the general discussion about reforming financial regulation centres on the substantive standards of … three examples of regulatory choice in financial markets regulation. Using a number of different yardsticks for comparison …
Persistent link: https://www.econbiz.de/10013036820
deregulation as a macroeconomic tool, and the political economy of financial regulation can create a one way ratchet effect toward … clear empirical evidence of deregulation's efficacy before weakening a particular regulation in an effort to stimulate the …
Persistent link: https://www.econbiz.de/10012839586