This paper develops three arguments for the current academic and political debate on an appropriate regulation of … different approaches of capital market regulation. As we will show, a preventive, effective and proportional regulation consists … blowing. Compared to position limits, such a framework of regula-tion has socially desirable advantages. (3) Finally, we …

The introduction of the Securities Financing Transactions Regulation into EU law provides a unique opportunity to … obtain an in-depth understanding of repo markets. Based on the transaction-level data reported under the regulation, this … reported under the regulation can support the policy work of central banks and supervisory authorities. We demonstrate that …