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then proceeds by detailing how an ill-designed policy framework, relying on supposed market approaches to regulation … – including self-regulation and credit rating agencies – enabled TBTF financial institutions to game the system and thereby …
Persistent link: https://www.econbiz.de/10012937724
The history of regulation in America is as old as the republic itself. Since colonial times, Americans have struggled … regulation to eras of greater permissiveness has enormous implications for economic growth. This paper examines the development … of regulation in the US from the 19th century up to the passage of the Dodd-Frank Wall Street Reform and Consumer …
Persistent link: https://www.econbiz.de/10013058333
need for a new framework to regulate financial innovation to foster long-term growth and curb speculation. Regulation ought …
Persistent link: https://www.econbiz.de/10012904840
We explore the factors that shape the response of G20 countries to a Financial Stability Board (FSB) recommendation aimed at mitigating the risks from financial innovation. Using the FSB's Implementation Monitoring Network Surveys, we develop an index of disclosed strength of regulatory...
Persistent link: https://www.econbiz.de/10013005556
This Essay discusses two historical parallels between the current financial crisis and the financial crisis of the late 1920s and 1930s. First, financial innovation was at the core of both crises. In particular, the machinations of Ivar Kreuger illuminate how financial innovation tends to...
Persistent link: https://www.econbiz.de/10013148212
In this article, we discuss and analyse the main components of a digital financial supervisory system with supervisory technology (SupTech). This work offers a new SupTech definition and configures the digital pillars of a financial supervisory system. We contribute to the TECHs in Finance...
Persistent link: https://www.econbiz.de/10012830570
Tech Reg refers to the regulation of internet-connected digital businesses and the discipline that studies the when … can build on an extensive body of economics and experience on the role and design of regulation but will face new problems … regulation, principles for applying tech reg, and application to few interesting topics …
Persistent link: https://www.econbiz.de/10013312698
in regulation. This article explores the deployment of technology to embed regulatory objectives within the management … financial regulation. This perspective is developed by reviewing current debate on the use of technology and its application to … a range of challenges in financial regulation and supervision …
Persistent link: https://www.econbiz.de/10013297501
This paper analyses the challenges for financial regulation posed by new financial technologies. It provides a … decentralised finance without intermediaries. Four possible responses are identified: enhancing or adapting existing regulation …, developing new regulation, reducing barriers to entry and exit and monitoring and regulating the ‘permissionless …
Persistent link: https://www.econbiz.de/10013406483
Despite possessing one of the largest and most important economies in the world for two centuries, the United States until recently was noted more for its securities markets than its banks, a fact generally attributed to regulatory rules, like unit banking and the separation of commercial and...
Persistent link: https://www.econbiz.de/10012852263