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Persistent link: https://www.econbiz.de/10012519004
This paper examines the ongoing integration of banks and markets through the blurring of boundaries between them. It considers how this integration affects the raison d'etre of banks and its implications for the future evolution of banks, systemic risk and prudential regulation. Shadow banks, PE...
Persistent link: https://www.econbiz.de/10012900293
This paper reviews the literature on how the evolution of banks and markets is blurring the distinction between them, and the implications of this for post-crisis regulation of banks and markets. Unanswered research questions are identified
Persistent link: https://www.econbiz.de/10012853149
Owing to the disruptive events in the shadow banking system during the global financial crisis, policymakers and regulators have sought to strengthen the monitoring framework and to identify any remaining regulatory gaps. In accordance with its mandate, the European Systemic Risk Board (ESRB)...
Persistent link: https://www.econbiz.de/10013248878
In this chapter we examine the implications of the increasing integration of banks and financial markets for the evolution of each as well the design of prudential regulation. The growth of the use of depository-banking-originated mortgage-backed securities sold in the market and used as...
Persistent link: https://www.econbiz.de/10013076866
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of the less regulated, so-called shadow banking sector. Employing flow-of-funds data for the Euro Area's non-bank banking … increase in non-bank banking). Overall intermediation activity, hence, has remained roughly at the same level. Moreover, our … findings also suggest that non-bank banks have tended to take positions in riskier assets (particularly in equities). In line …
Persistent link: https://www.econbiz.de/10011456949
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The New Deal regulatory policies and institutions redesigned the U.S. financial structure and implicitly required the coordination between monetary policy and the regulatory framework; in that financial structure the Federal Reserve provided the reserves. The interest policy implicitly required...
Persistent link: https://www.econbiz.de/10013014333
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