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After the credit crisis, supervisors enacted a range of financial reforms. In particular, they radically changed the nature of the OTC derivatives market via a number of measures, notably mandatory central clearing. This book discusses the market before the crisis, explains what central clearing...
Persistent link: https://www.econbiz.de/10014021793
We analyse the effects of prudential regulation on short-term interest rates. The European Market Infrastructure Regulation (EMIR) induces clearing houses (CCPs) to supply large amounts of cash in reverse repurchase agreements (repos). Basel III, in contrast, disincentivises the borrowing demand...
Persistent link: https://www.econbiz.de/10012849061
Persistent link: https://www.econbiz.de/10012201074
This paper provides a means of estimating how ‘Solvency II' regulations — introduced in the European Union in January 2016 — might affect UK life insurers' incentives to hold different types of financial assets, and how these asset holdings are likely to vary in the face of hypothetical...
Persistent link: https://www.econbiz.de/10012952490
Persistent link: https://www.econbiz.de/10011740965
On 20 July 2022, the Chancellor of the Exchequer introduced a new Financial Services and Markets Bill to the House of Commons. This Bill had been much anticipated and was presaged by a prior consultation on the post-Brexit regulatory framework for the UK.There are a number of notable features of...
Persistent link: https://www.econbiz.de/10014237424
The global crisis of 2008 associated with the failure of Lehman Brothers revealed the fragility of the financial system. In its aftermath, policy makers created many new rules to address the perceived causes of the crisis and to enhance financial stability. Nearly all of these rules have now...
Persistent link: https://www.econbiz.de/10012838662
After the credit crisis, supervisors enacted a range of financial reforms. In particular, they radically changed the nature of the OTC derivatives market via a number of measures, notably mandatory central clearing. This book discusses the market before the crisis, explains what central clearing...
Persistent link: https://www.econbiz.de/10012106370
Persistent link: https://www.econbiz.de/10012020391