We empirically analyze the costs and benefits of financial regulation based on a survey of 76 insurers from Austria … company level. This allows us to empirically test fundamental principles of financial regulation such as proportionality: the … intensity of regulation should reflect the firm-specific amount and complexity of the risk taken. Our empirical findings do not …

This note discusses the basic economics of central clearing for derivatives and the need for a proper regulation …, supervision and resolution of central counterparty clearing houses (CCPs). New regulation in the U.S. and in Europe renders the … contagion risk in the financial industry and the creation of a significant systemic risk. However, so far, regulation and …