new regulation specifically for EMTs as part of the Markets in Crypto-Assets (MiCA) proposal. This paper compares the … current e-money legislation with the proposed MiCA regulation for EMTs. We argue that the MiCA proposal weakens the current …

funding mix entails costs to society, such regulation actually helps create useful commitment for banks to avoid the … because it reflects special liquidity benefits of bank debt. Even aside from neglecting the systemic damage to the economy … laissez-faire are inefficient and involve excessive borrowing, with default risks that jeopardize the purported liquidity …

entails costs to society, such regulation actually helps create useful commitment for banks to avoid the inefficiently high … it reflects special liquidity benefits of bank debt. Even aside from neglecting the systemic damage to the economy that …-faire are inefficient and involve excessive borrowing, with default risks that jeopardize the purported liquidity benefits …

illiquidity and all its friends: market freezes, fire sales, contagion, and ultimately insolvencies and bailouts. It first … explains why liquidity cannot easily be apprehended through a single statistics, and asks whether liquidity should be regulated … containment. Finally, the paper takes a macroeconomic perspective, discusses shortages of aggregate liquidity and analyses how …

illiquidity and all its friends: market freezes, fire sales, contagion, and ultimately insolvencies and bailouts. It first … explains why liquidity cannot easily be apprehended through a single statistics, and asks whether liquidity should be regulated … containment. Finally, the paper takes a macroeconomic perspective, discusses shortages of aggregate liquidity and analyses how …

On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame … Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial … College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …

to a liquidity regulation that is very similar to Basel III's Liquidity Coverage Ratio (LCR). We find that most banks …We investigate 62 Dutch banks' liquidity behaviour between January 2004 and March 2010, when these banks were subject … the regulation. More solvent banks hold fewer liquid assets against their stock of liquid liabilities, suggesting an …

liquidity to the bank-in-resolution. Creating such a pre-pack solution should form the core of the resolution plans that … be met for a bank to be resolvable, the “safe-to-fail” test and the banking structures required in order to meet this …

, liquidity management, and synergy improvements that reduce risk. The outcomes of such trade-offs may depend on bank governance … geographic scope tend to provide diversification gains and reduce idiosyncratic and liquidity risks while also increasing BHCs … this type of complexity, leading to a decrease in systemic risk and an increase in liquidity risk among BHCs. While bank …