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securities regulation. The discussion offers two theses: one descriptive and the other normative. Descriptively, drawing on … institutional approaches to the study of regulation, I show how regulatory systemic risk emerges in the US securities regulatory …
Persistent link: https://www.econbiz.de/10013128555
higher than that in a regulation-free system. We discuss a sufficient condition under which the systemic risk in a regulated …
Persistent link: https://www.econbiz.de/10013133821
the impact of micro-prudential regulation on the systemic risk in a cross-sectional dimension. We construct a static model … requirement regulation. In a system with a capital requirement regulation, the individual risk-taking of the financial … system can be higher than that in a regulation-free system. We discuss a sufficient condition under which the systemic risk …
Persistent link: https://www.econbiz.de/10013119229
Despite Basel III's efforts to address capital and liquidity requirements, will the risks linked to regulatory arbitrage increase as a result of Basel III's more stringent capital and liquidity rules?As well as Basel III reforms which are geared towards greater facilitation of financial...
Persistent link: https://www.econbiz.de/10013067903
Persistent link: https://www.econbiz.de/10013169808
Using international listed banks from the United States, Europe, Japan and China from 2004 to 2014, we analyse the effect on bank risk of some of the most relevant new elements of the prudential regulatory framework proposed in the wake of the Great Financial Crisis. We measure risk by a market...
Persistent link: https://www.econbiz.de/10012911682
' overall risks. Regulation aimed at reducing banks' leverage is consistent with prudential regulators' overall objective of … limiting banks' idiosyncratic risks. The evidence is mixed regarding regulation aimed at imposing limits on securities trading …
Persistent link: https://www.econbiz.de/10012936902
“Too-Big-to-Fail” is a legitimate trepidation from a macro-prudential perspective of bank regulation. In addition to … crisis that led to instances of heightened systemic risk. Furthermore, I evaluate the current themes in regulation, in order …
Persistent link: https://www.econbiz.de/10013008919
The Dodd-Frank Act, enacted after the global financial crisis, requires U.S. financial regulators to define and regulate systemically risky firms and activities — a truly Sisyphean task. In this Essay, we identify two paths regulators have taken: a “descriptive approach,” which involves...
Persistent link: https://www.econbiz.de/10013011346