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disclose without disclosure being mandatory, the efficiency argument is not a logical rationale for regulation …
Persistent link: https://www.econbiz.de/10013090128
regulation should be based on principles (where a broad set of standards gesture in the direction of certain desired outcomes) or …-based financial regulation – has recently been proposed by John Walsh as an alternative to rules and principles. This approach refers … regulation is a third paradigm within the principles-rules debate. Rather, I argue that it is the principles-based approach …
Persistent link: https://www.econbiz.de/10013074446
We use a new dataset of de jure measures of trade, capital account, product market, and domestic financial regulation … for 91 countries from 1973 to 2005 to test Rajan and Zingales's (2003) interest group theory of financial development. In … line with the theory, we find strong evidence that trade liberalization is a leading indicator of domestic financial …
Persistent link: https://www.econbiz.de/10013075454
, make the case that financial stability regulation – which aims to prevent such crises – should be conceptualized as a … vitally important, albeit indirect, form of consumer protection and investor protection regulation …
Persistent link: https://www.econbiz.de/10012963688
information from trading the contract can improve conventional tools of financial regulation (e.g., bank examinations, capital …
Persistent link: https://www.econbiz.de/10013156785
This paper will consider whether the scope of financial regulation should be extended and if so, ways in which this … discussion through an overview of global developments which have necessitated the need for a review of financial regulation and …
Persistent link: https://www.econbiz.de/10013159247
, applies the insights of Simple Rules in the context of one of the most complex areas of social and economic regulation …, financial regulation.The complexity of modern finance is often thought to require an equally complex regulatory structure to … financial regulation around Epstein's concept of simple rules would create a more stable and efficient financial regulatory …
Persistent link: https://www.econbiz.de/10012836870
-competitive regulation underlying Open Banking projects in the EU, UK, Australia and other jurisdictions as the true game-changer approach …
Persistent link: https://www.econbiz.de/10012838414
The new European Union (EU) data protection law - General Data Protection Regulation (GDPR) that is enforceable on all … individuals should follow due procedures in regard to safe data handling and storage. This regulation is forcing all countries …
Persistent link: https://www.econbiz.de/10012838926
Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … and efficiency across society as a whole. Agency-cost theory recognizes that incentive conflicts and coordination problems … arise in multi- party relationships and that regulation introduces opportunities to impose rules that enhance the welfare of …
Persistent link: https://www.econbiz.de/10012774887