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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/10010817325
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
Clearinghouses are systemic nodes in financial markets that handle trillions of dollars’ worth of transactions. Yet, these critical market infrastructures stand on fragile foundations. The Dodd-Frank Wall Street Reform Act of 2010, the sweeping financial reform that followed the 2008 financial...
Persistent link: https://www.econbiz.de/10014361940
's proposal for a Regulation of the European Parliament and the Council, whose objective is to lay down a general framework for … proposed Regulation (Sub-section 2).(2) Section B addresses the proposed Regulation's subject matter and scope, as well as the …) Section C analyses Articles 4-8 of the proposed Regulation concerning:• the eligibility and composition of the underlying …
Persistent link: https://www.econbiz.de/10012911693
Strong financial markets are widely thought to propel economic development, with many in finance seeing legal tradition as fundamental to protecting investors sufficiently for finance to flourish. Kenneth Dam, in the Law-Growth Nexus, finds that the legal tradition view inaccurately portrays how...
Persistent link: https://www.econbiz.de/10013039325
This study takes a comprehensive look at the overall flexibility of regulatory governance in Korea, including the design, implementation, and monitoring of the many issues surrounding regulatory reform that stand in the way of innovation growth. Based on the findings of the analysis, the paper...
Persistent link: https://www.econbiz.de/10014263111
financial regulation, and for its implementation. Indeed, the goal becomes developing a regulatory structure that minimizes the … alternative regulatory framework and proposes a fundamental shift in the way financial regulation is performed, similar to what …
Persistent link: https://www.econbiz.de/10013135771
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
This paper examines whether regulation that is more conducive to competitive and efficient financial systems has a … external sources of funding tend to grow faster in countries that have more competition-friendly regulation in markets for … on regulations in banking and securities markets. They point to substantial variations in the stance of regulation across …
Persistent link: https://www.econbiz.de/10012444857
The governance of infrastructure institutions in the financial markets – namely exchanges, central counter-parties (CCPs), and central securities depositories (CSDs) – has become a matter of significant commercial, regulatory, legislative, and even political concern. Such institutions play a...
Persistent link: https://www.econbiz.de/10013148316