Asia, particularly its major economies has witnessed slower growth in recent years. To make Asia more economically sustainable and resilient against external shocks to recover from the falling growth, most regional economies need to rebalance their export-oriented (mostly to advanced economies)...

This study aims to analyse the provisions of the Alternative Investment Fund Managers Directive of the European Parliament and of the Council (2011/61/EU) which pertain to its scope. It is divided into two Sections:(a) Section A offers an overview of the legal framework governing alternative...

'Derivatives', 'central counterparties' and 'trade repositories'. What are they and how are they interrelated? Why was regulation necessary, and how does the European Market Infrastructure Regulation (EMIR) regulate? This paper places these elements in context and provides an introduction to the...

Asia, particularly its major economies has witnessed slower growth in recent years. To make Asia more economically sustainable and resilient against external shocks to recover from the falling growth, most regional economies need to rebalance their export-oriented (mostly to advanced economies)...

The EU is permanently trying to secure its proximity by creating a “ring of friends” in the neighbourhood. Thus, stabilization through economic integration and modernization have been the purpose of the European Neighbourhood Policy (the ENP) since its creation, in 2004. Successive reviews...

The European Stability Mechanism (ESM) is the permanent crisis resolution mechanism for euro area countries. We analyze the costs of the current (suboptimal) refinancing design of the ESM and evaluate an alternative asset-backed securities (ABS) structure under different scenarios. Our...