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The Transformation of the Over-the-Counter Derivatives Market, 1984-2016

McCaffrey, David P. - 2016

The over-the-counter (OTC) market in financial derivatives developed into a critical financial sector since the 1980s mainly under private regulation. After the financial crisis beginning in 2007 government asserted regulatory control over the area. The United States legislated controls early in...

Persistent link: https://www.econbiz.de/10013004039

A Brief History of Investment Banking from Medieval Times to the Present

Fohlin, Caroline - 2016

Investment banking taken generally to mean the financing of long-term capital needs, came into being with the merchants …, investment bankers emerged from merchant roots. The provision of investment banking services has come from a variety of …; and the legal regulation of investment banking has often changed abruptly, particularly in the last 100 years. Thus, even …

Persistent link: https://www.econbiz.de/10013005658

South Africa's Post-Apartheid Microcredit Experiment : Moving from State-Enforced to Market- Enforced Exploitation

Bateman, Milford - 2015

The international donor community arrived in post-apartheid South Africa in the early 1990s to restructure the economy along neoliberal lines. One of the most important of the interventions it promoted was microcredit, which was widely seen as one of the principal self-help solutions to the...

Persistent link: https://www.econbiz.de/10013010790

How the U.S. Treasury Avoided Chronic Deflation by Relinquishing Monetary Control to Wall Street

Hudson, Michael - 2015

The Eurozone today is going into the same deflationary situation that the U.S. did under Jackson's destruction of the Second Bank, and the post-Civil War budget surpluses that deflated the economy. But whereas the Fed's creation was designed to inflate the U.S. economy, Europe's European Central...

Persistent link: https://www.econbiz.de/10013013334

Enterprise Risk Management -- Canadian Best Practices : How Did They Get There?

Tullo, Lois - 2015

Canadian banks are now ranked at the top of Bloomberg's strongest banks. But the question is: how did they get there? To understand this, it may be helpful to examine how enterprise risk management (ERM) has evolved in Canada. This article illustrates the development of Canadian bank ERM best...

Persistent link: https://www.econbiz.de/10013013398

In CCP We Trust … Or Do We? Assessing the Regulation of Central Clearing Counterparties in Europe

Nabilou, Hossein - 2020

As part of financial market infrastructures, central counterparties (CCPs) have long been deemed systemically important and are likely to gain in importance due to the regulatory developments mandating central clearing for an increasing number of financial products. This paper focuses on the...

Persistent link: https://www.econbiz.de/10012852181

Repo Markets Across the Atlantic : Similar but Unalike

Wu, Songjiwen - 2020

This paper sketches the key differences in the EU and the U.S. repo markets to inform the policy recommendations for harmonization and standardization of rules governing repo contracts put forward by the international financial fora and standard setters. In so doing, it examines three main...

Persistent link: https://www.econbiz.de/10012852456

Shadow Banking in Europe : Idiosyncrasies and Their Implications for Financial Regulation

Nabilou, Hossein - 2020

This paper studies the specificities of the regulation of shadow banking in the EU. It argues that the idiosyncratic … features of the EU shadow banking sector call for a different (or indigenized) regulatory approach from that of the U.S. It … highlights striking differences between the EU and the U.S. shadow banking sector based on both the market structure and the …

Persistent link: https://www.econbiz.de/10012853767

A Tale of Regulatory Divergence : Contrasting Transatlantic Policy Responses to the Alleged Role of Alternative Investment Funds in Financial Instability

Nabilou, Hossein - 2020

This article analyzes the regulatory measures adopted to address the potential contribution of hedge funds to financial instability in the U.S. and the EU in the wake of the Global Financial Crisis. The relevant provisions of the Dodd-Frank Act include two sets of direct regulatory measures. The...

Persistent link: https://www.econbiz.de/10012855060

The Direct Regulation of Potential Systemic Risk of Hedge Funds in the U.S. before and after the Dodd-Frank Act

Nabilou, Hossein - 2014

Council (FSOC). This article concludes that in the absence of the indirect regulatory measures focusing on the banking …

Persistent link: https://www.econbiz.de/10013054911