We investigate the role of the regulatory environment and the press freedom in detecting corporate fraud . We study 1,242 internal frauds from 79 countries during the period of 2011-2019. The importance of regulation is assessed by splitting the sample into the highly regulated and monitored...

The main focus of our paper is to show how the procyclicality phenomenon on financial markets caused by the central clearing activity, should be incorporated into the initial margin calculation of the central counterparties (CCP), based on the effective regulation in the European Union, the so...