’s proposal for a Regulation of the European Parliament and of the Council “on Markets in Crypto-Assets (…)” (MiCAR), which was … regulatory framework. The nine Sections of the study fully correspond to the Titles of the proposed Regulation. Furthermore, Sub …

illiquid assets or underprovision of liquidity. We investigate whether imperfect competition (Cournot) improves welfare through … internalizing the externality and find that this is far from guaranteed. In a standard model of liquidity shocks, when liquidity is … sufficiently scarce, Cournot competition leads to even less liquidity than the Walrasian equilibrium. In a standard model of …

-competitive regulation underlying Open Banking projects in the EU, UK, Australia and other jurisdictions as the true game-changer approach …

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 …

investors lack the basic tools for evaluating more complex structures and liquidity costs; this, in turn, leaves room for … addressed deals with the effectiveness of a risk based transparency regulation. -- illiquid financial instruments ; Otc markets …

exacerbates counterparty risk and liquidity risk for the prime broker due to strategic actions of hedge funds. Costs of liquidity … new channel for funding liquidity that can explain why illiquid funds fare worse in times of stress and why better … Supplementary Leverage Ratio, Liquidity Coverage Ratio and Standing Repo Facility intended to improve resilience of banks may also …