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How to Regulate a Financial Market? The Impact of the 1893-1898 Regulatory Reforms on the Paris Bourse
Hautcoeur, Pierre Cyrille - 2010
Theoretical and historical experience suggests a financial centre may either include a single, consolidated and loosely regulated stock exchange attracting all intermediaries and actors, or a variety of exchanges going from strictly regulated to completely unregulated and adapted to the needs of...
Persistent link: https://www.econbiz.de/10013148520
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The role of state intervention in the financial sector : crisis prevention, containment, and resolution
Cho, Yun-je - 2010
, and a balanced approach to restructuring and regulation among different types of financial institutions. The paper also …
Persistent link: https://www.econbiz.de/10003982933
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Central Clearing : Trends and Current Issues
Domanski, Dietrich - 2015
Central clearing of standardised financial instruments, as promoted by the G20 Leaders, addresses some of the financial stability risks that materialised during the Great Financial Crisis. Its rapid evolution since 2009 may have changed the linkages between central counterparties and the rest of...
Persistent link: https://www.econbiz.de/10013010666
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Financial turmoil in the banking sector and the Asian Lamfalussy Process : the case of four economies
Hsu, Chen-min; Liao, Chih-feng - 2010
fragmented financial regulatory structure is not worse than under integrated regulation. This implies that financial regulatory …
Persistent link: https://www.econbiz.de/10003983440
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Financial Turmoil in the Banking Sector and the Asian Lamfalussy Process : The Case of Four Economies
Hsu, Chen-Min - 2010
performance under a fragmented financial regulatory structure is not worse than under integrated regulation. This implies that …
Persistent link: https://www.econbiz.de/10013141199
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The unfolding turmoil of 2007 - 2008 : lessons and responses
Cohen, Benjamin H.; Remolona, Eli M. - 2008
While the unfolding financial turmoil has involved new elements, more fundamental elements have remained the same. New elements include structured credit, the originate-to-distribute business model and the tri-party repurchase agreement. The recurrence of crises reflects a basic procyclicality...
Persistent link: https://www.econbiz.de/10003855412
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Capital regulation after the crisis: business as usual?
Hellwig, Martin - 2010
The paper discusses the reform of capital regulation of banks in the wake of the financial crisis of 2007/2009. Whereas … arguments that run counter to economic logic or are themselves evidence of moral hazard and a need for regulation. -- financial … crisis ; Basel Accord ; banking regulation ; capital requirements ; modelbased approach ; systemic risk …
Persistent link: https://www.econbiz.de/10008662638
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Securitized products, financial regulation, and systemic risk
Fujii, Mariko - 2010
It is widely believed that the practice of securitization is one of the causes that led to the 2007-08 financial crisis. In this paper, I show that securitized products such as collateralized debt obligations (CDO) are particularly vulnerable to systematic risk and tend to show higher tail risk....
Persistent link: https://www.econbiz.de/10003983112
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Dynamic provisioning : some lessons from existing experiences
Fernández de Lis, Santiago; García Herrero, Alicia - 2010
After analyzing the different reasons why the financial system and also the regulatory framework induced procyclicality, this paper reviews the experiences of three countries which have introduced dynamic provisioning as a regulatory tool to limit procyclicality. The case of Spain - the country...
Persistent link: https://www.econbiz.de/10003983429
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Macroprudential policy : a blessing or a curse?
Popoyan, Lilit - 2016
regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly … "missed the forest for the trees". As a result, the need for macroprudential aspects of regulation emerged, which has recently … macroprudential regulation in creating stable, yet effcient financial systems. At the same time, I emphasize the importance of …
Persistent link: https://www.econbiz.de/10011477338