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rethinking of regulatory approaches. But the regulation of payment services defies this narrative. Its technology and business … payments ecosystem sort into technology and business-model neutral categories, each subject to roughly equivalent regulation …, in service of roughly equivalent objectives. That neutrality makes existing payments regulation more durable in the face …
Persistent link: https://www.econbiz.de/10012894467
-competitive regulation underlying Open Banking projects in the EU, UK, Australia and other jurisdictions as the true game-changer approach …
Persistent link: https://www.econbiz.de/10012838414
This paper discusses problems of harmonisation and regulation of the European Internal Financial Market. The argument …
Persistent link: https://www.econbiz.de/10013132861
Many regulators have concluded that cost-benefit analysis is the best available method for capturing the welfare effects of regulations. It is therefore understandable that in recent years, some people have been interested in requiring financial regulators to engage in careful cost-benefit...
Persistent link: https://www.econbiz.de/10013054943
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
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Lynn Stout's paper on Risk, Speculation, and OTC Derivatives: An Inaugural Essay for Convivium develops an insightful legal-economic analysis of speculative trading. From one hand, the paper discusses the legal-economic framework of speculation and its recent transformation, making reference to...
Persistent link: https://www.econbiz.de/10013130175
Financial regulation should be countercyclical, strengthening during speculative booms to contain excessive leverage … and loosening following crises so as to not limit credit extension in hard times. And yet, financial regulation in fact … choice perspective on financial regulation, i.e. rational choice ideas drawn from economics and applied to politics, but with …
Persistent link: https://www.econbiz.de/10013086761