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to a change in control. The Organic Law for the Regulation and Control of Market Power (“the Law”) was enacted in October …
Persistent link: https://www.econbiz.de/10013017587
The aim of this paper is to provide an analysis of the power of the ECB to impose administrative penalties as a supervisory authority within the context of the ‘Single Supervisory Mechanism', which is a major building block of the European Banking Union. It is structured in three (3) sections....
Persistent link: https://www.econbiz.de/10013022679
The word “Mifidization” refers to the impact of the EU regulation on financial products, mainly the rules laid down by … insurance framework that are likely to be affected by the Mifidization: (i) the sources of the regulation on insurance; (ii) the …
Persistent link: https://www.econbiz.de/10012984062
Disruptive innovation creates increasing regulatory challenges. The reason for this is simple: Regulation is usually … reactive, responding to facts. However, we currently live in a world of data, not facts. Regulation must therefore be proactive … regulators, optimize the timing of regulation, and support anticipatory rulemaking …
Persistent link: https://www.econbiz.de/10012987087
telecommunications regulation in Latin America should be very different than in the US and Europe. Foreign frameworks should be regarded …
Persistent link: https://www.econbiz.de/10013044946
think about the regulation of energy. In many respects, the Federal Energy Regulatory Commission's (FERC) broad … the regulation of wholesale electricity rates, to increase regulation in other spheres. It has also invited forms of … regulator seeking to exit specific forms of conventional regulation needs to proactively develop strategies to facilitate …
Persistent link: https://www.econbiz.de/10012917493
Motivated, in part, by the new quot;rule of lawquot; paradigm in development economics, we examine the role of institutions, broadly defined, on the rate of mobile network build-out. We find that the quot;strictquot; rule of law (i.e., strong protection of private contract and property) does not...
Persistent link: https://www.econbiz.de/10012710895
The aim of this paper is to assess the impact of selected financial regulations on the share of private financing in higher education institutions (HEIs). The regulations increasing the stability of financing should be preferred by countries reducing the stable part of budgetary funds because...
Persistent link: https://www.econbiz.de/10013031524
The protection afforded to franchisees differs widely across the world. Nations with economically strong franchise sectors typically regulate the contract’s bargaining phase and post-formation. Responding to the European Parliament’s call for a review of regulations governing Europe’s...
Persistent link: https://www.econbiz.de/10013214733
In this paper, we examine recent developments and new perspectives of European banking regulation from the viewpoint of …
Persistent link: https://www.econbiz.de/10013144266