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Playing the shadowy world of emerging market shadow banking

Michael, Bryane - 2014

For emerging market regulators, shadow banking represents an activity which they must control. For businessmen in economies like Russia, Argentina, Saudi Arabia and Mexico, shadow banking represents an important business opportunity. By extending credit to risky (but promising) activities...

Persistent link: https://www.econbiz.de/10010514169

Financial inclusion, financial education, and financial regulation in the United Kingdom

Lewis, Sue; Lindley, Dominic - 2015

The United Kingdom (UK) has one of the largest financial services sectors in the world, and strong consumer protection regulation. Yet, despite nearly 2 decades of financial inclusion policymaking, persistent problems remain. Many individuals, often the most vulnerable, are unable to get...

Persistent link: https://www.econbiz.de/10011350562

Regulators nurturing FinTech innovation : global evolution of the regulatory sandbox as opportunity based regulation

Ahern, Deirdre - 2020

The regulatory sandbox is a real world alternative to regulatory lag. Its emergence as a novel regulatory development responds to challenges faced by FinTech innovators in navigating an unwieldy regulatory landscape not designed with FinTech in mind. Regulatory sandboxes are in operation in...

Persistent link: https://www.econbiz.de/10012427907

Cyber security and ransomware in financial markets

Ahnert, Toni; Brolley, Michael; Cimon, David; Riordan, Ryan - 2022 - Last updated: July 14, 2022

Financial markets face the constant threat of cyber attacks. We develop a principal-agent model of cyber-attacking with fee-paying clients who delegate security decisions to financial platforms. We derive testable implications about clients' vulnerability to cyber attacks and about the fees...

Persistent link: https://www.econbiz.de/10013277108

Operational risk capital

Conlon, Thomas; Huan, Xing; Ongena, Steven - 2020

In a setting where private information goes public for the first time, we study the real effects of the Basel II Accord requiring banks to calculate operational risk capital, and disclose qualitative and quantitative information. Using a difference-in-differences setup featuring partial US...

Persistent link: https://www.econbiz.de/10012418359

Overview of financial inclusion, regulation, and education

Yoshino, Naoyuki; Morgan, Peter J. - 2016

Financial inclusion is receiving increasing attention for its potential to contribute to economic and financial development while fostering more inclusive growth and greater income equality. Although substantial progress has been made, there is still much to achieve. East Asia, the Pacific, and...

Persistent link: https://www.econbiz.de/10011540468

Regulatory lag, regulatory friction and regulatory transition as fintech disenablers : calibrating an EU response to the regulatory sandbox phenomenon

Ahern, Deirdre - 2021

With transformative evolution involving crypto-assets, machine learning applications and data-driven finance models, complex regulatory and policy issues are emerging. Inadequate frameworks in FinTech markets create regulatory friction and regulatory fragmentation. These limitations continue to...

Persistent link: https://www.econbiz.de/10012642449

Safe payments

Chiu, Jonathan; Davoodalhosseini, Seyed Mohammadreza; … - 2020 - Last updated: December 10, 2020

We use a simple model to study whether private payment systems based on bank deposits can provide the optimal level of … safety. In the model, bank deposits backed by projects are subject to default risk that can be mitigated by a depositor's ex … ante and ex post monitoring. Safe payment instruments issued by a narrow bank can also be used as a back-up payment system …

Persistent link: https://www.econbiz.de/10012388751

An economic perspective on payments migration

Kosse, Anneke; Lu, Zhentong; Xerri, Gabriel - 2020 - Last updated: June 5, 2020

Canada is in the midst of developing three new core payment systems: Lynx, Settlement Optimization Engine (SOE) and Real-Time Rail (RTR). Lynx and SOE will replace the current Large Value Transfer System (LVTS) and Automated Clearing Settlement System (ACSS), whereas RTR will be a new...

Persistent link: https://www.econbiz.de/10012243367

Financial sector competition, service trade, and growth

Francois, Joseph F.; Eschenbach, Felix - 2002

competition/performance and financia1 sector openness (meaning foreign bank access to domestic markets), and between growth and …

Persistent link: https://www.econbiz.de/10011327533

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