even though policymakers are aware of its pitfalls in both theory and practice. In our model, the regulator acts as both a … bureaucrat and an entrepreneur to maximize his self-interest through administering a deposit insurance scheme. The theory … administered and (ii) privately funded, with (iii) non-risk rated insurance premium and (iv) compulsory membership; and there is (v …

regulation. However, the normative implications of Austrian theory regarding the efficiency consequences of regulation are not …In this article I selectively survey the economic history literature on the rise of regulation in America during the … Progressive Era with the goal of identifying how this literature is informed by Austrian economic theory, and how Austrian theory …

This study highlights some deficiencies of the stock markets' risk legislation framework, and particularly the CESR … companies to invest in advanced models for more representative Value at Risk (VaR) estimations, and for this reason, in many …

This study highlights some deficiencies of the stock markets’ risk legislation framework, and particularly the CESR … companies to invest in advanced models for more representative Value at Risk (VaR) estimations, and for this reason, in many …

II risked inducing more rather than less risk-taking by banks, which also holds for Solvency I and II w.r.t. insurers … and hence a reduced risk exposure. However, planned Solvency III may cause the EPEF of highly capitalized insurance … companies to become steeper, with a concomitant decrease in their risk-taking and an increase of their solvency level. The …

Current theories of financial regulation suggest expanding rules-based formal state intervention to promote …-based informal co- and self-regulation through domestic (gentlemen's) agreements underpinned West German bank internationalisation … regulation, drawing on unused primary sources: Coalitions between the German regulating and regulated actors were bolstered by a …

in developing markets. The paper contributes to FinTech regulation literature and provides policy recommendations for …

Purpose - Debate is growing around the expansion of risk-based regulation. The regulation scholarship provides evidence … of regulatory failure of the risk-based approach in different domains, including financial regulation. Therefore, this … regulation while using enterprise risk management (ERM) as a meta-regulatory toolkit. Design/methodology/approach - Based on …

This paper reviews the cost-benefit analysis, or “regulatory impact analysis” (RIA), in US bank regulators’ risk …