Despite the crypto-market crash in the spring of 2022 and the collapse of FTX in November 2022, decentralised finance (DeFi) proponents are still predicting that DeFi may soon go mainstream. As well as the increasing involvement of regulated financial institutions in the DeFi area, the incipient...

This ESRB Occasional Paper complements the publication of indicators on central counterparties (CCPs) in the ESRB's Risk Dashboard as part of its monitoring framework. It provides a methodological background to the development of the individual measures and discusses different aspects that...

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 paper presents an overview and key facts about the euro area...

Taking into account the potentially different starting and framework conditions of regions in different parts of the European Union, we will present a new approach for sustainability transition analysis. We hypothesise: favourable overall institutional conditions, such as a high degree of formal...

We address empirically trust as a determinant of support for government intervention. The central notion provided in the present paper is that the influence of generalized social trust on intervention attitudes is conditional on the perceived reliability, honesty, and incorruptibility of state...

Long-term beneficial welfare state reforms not only face opposition from powerful insiders and beneficiaries of the system in place. While potential losers from a policy change are often relatively easy to spot, ewll-designed reforms generate mostly diffuse gains, and the potential winners are...

Klimawandel, Verknappung der Ressourcen, peak oil, die Sorge um unsere Lebensgrundlagen und deren Erhaltung und die Notwendigkeit zur Energiewende, sind Themen, die die Transition Town Initiativen antreiben, auf eine Veränderung der bisherigen ressourcen- und energieintensiven Lebens- und...

Die Europäische Datenschutzgrundverordnung (DSGVO) erhöht das Schutzniveau von personenbezogenen Daten und vereinheitlicht es europaweit. Reagieren müssen darauf alle Unternehmen, die personenbezogene Daten verarbeiten. Dies hat ganz unterschiedliche unmittelbare und mittelbare Auswirkungen...

Gegenstand dieses Artikels ist die ungelöste Öffentliche-Guts-Problematik bei der Unternehmenskontrolle von Publikumsaktiengesellschaften.

Dieser Forschungsbericht untersucht die Auswirkungen der im Sommer 2015 eingeführten Befreiungsvorschriften des Kleinanlegerschutzgesetzes. Durch eine stärkere Regulierung soll das Kleinanlegerschutzgesetz für mehr Transparenz für Anlegerinnen und Anleger auf dem grauen Kapitalmarkt sorgen....