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This paper aims to fill a gap in the literature on banking regulation, financial development and financial stability … globalisation in banking increases systemic risks. Macro prudential regulation is thus equally important as micro prudential … regulation. The Financial Development Index 2009 of the World Economic Forum revealed that the UK needs to make improvements in …
Persistent link: https://www.econbiz.de/10012940557
Consumer Financial Regulation Scholars asserted that upon the Director's resignation, the CFPB's Deputy Director, Leandra …
Persistent link: https://www.econbiz.de/10012928155
maintained by JPM to help hedge default risk and was the source of the 2012 London Whale trading loss.) To minimize the losses … investigated the 2012 London Whale incident uncovered evidence that the SCP traders had not estimated fair values in good faith …
Persistent link: https://www.econbiz.de/10012937411
prevent losses like the $6 billion London Whale loss that took place in 2012 at JPMorgan Chase. Given the controversial nature …
Persistent link: https://www.econbiz.de/10013026336
On April 13, 2012, JPMorgan Chase (JPM) Chief Financial Officer Douglas Braunstein took part in a conference call to discuss the bank's first quarter 2012 earnings. Coming just a week after media reports first questioned the risks taken by JPM derivatives trader Bruno Iksil, Braunstein made a...
Persistent link: https://www.econbiz.de/10013026432
request the missing data, and thus found themselves surprised by the April 6 news stories unmasking the London Whale. …
Persistent link: https://www.econbiz.de/10013026433
all highly leveraged financial institutions. However, the JPM Task Force that investigated the $6 billion 2012 London …
Persistent link: https://www.econbiz.de/10013026435
In this paper we study systemic risk for the US and Europe. We show that banks' exposures to common risk factors are crucial for systemic risk. We come to this conclusion by first showing that relations between US and European banks are smaller than within each region. We then show that European...
Persistent link: https://www.econbiz.de/10009784871
regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to …: it rises as regulation stringency moves from low to medium levels and falls from medium to high levels. Countries located …
Persistent link: https://www.econbiz.de/10012030889
Fintech has increasingly become part of the global economy with the evolution of technology, increasing investments in fintech firms, and greater integration between traditional incumbent financial firms and fintech. Since the 2007-2009 financial crisis, research has also paid more attention to...
Persistent link: https://www.econbiz.de/10012219547