). It proposes an avenue for regulators to keep regulatory arbitrage under control and preserve sufficient space for … proverbial race between hare and hedgehog in financial regulation and demonstrate how such an approach can be implemented in … proposes to apply regulatory burdens equivalent to prudential banking regulation if the respective transactional structures …

stringent bank regulation and supervision consistent with regulatory arbitrage, but that they prefer to originate loans in …-border syndicated loan market. Lending provided through a foreign subsidiary is subject to subsidiary-country regulation and …