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Reforming regulation of the financial sector is currently among the most immediate concerns of domestic and … reform. It argues that the process of reforming financial regulation should begin with a comprehensive, granular study of … the current crisis. Without such an inventory-taking, policymakers will run the risk of commingling crisis …
Persistent link: https://www.econbiz.de/10013158883
We develop a simple model of banking regulation with two policy instruments: minimum capital requirements and … regulation. Therefore, countries are better off by harmonising regulation on an international standard …
Persistent link: https://www.econbiz.de/10013090254
We develop a simple model of banking regulation with two policy instruments: minimum capital requirements and … regulation. Therefore, countries are better off by harmonising regulation on an international standard. -- bank regulation … ; regulatory competition ; supervision and regulation …
Persistent link: https://www.econbiz.de/10009667523
the context of the progressive inclusion of sustainability factors in microprudential regulation of the banking sector … design) of micro-prudential supervision and regulation, in particular with regard to central banks …
Persistent link: https://www.econbiz.de/10014354271
detailed, specific, and data-driven rules that clearly delineate firms or activities that do, or do not, pose systemic risk …
Persistent link: https://www.econbiz.de/10013011346
For many decades the word “regulation” has been a bogeyman concept evoking images of unproductive and wasteful … — with the exception of libertarians — has actively supported and lobbied for regulation in certain domains of the economy … and society. With the recent financial crisis, this bogeyman image of regulation has been turned on its head. This Essay …
Persistent link: https://www.econbiz.de/10014204104
This essay, based on the author's presentation last September to the annual meeting of the North American Securities Administration Association (NASAA), addresses several issues related to Rule 506, the most widely-used of the SEC's transactional exemptions from federal registration of...
Persistent link: https://www.econbiz.de/10013149128
In recent years, a strong tendency towards international harmonisation of banking regulation can be observed. In this … representative of what has happened in the context of capital adequacy regulation (Basel II) or anti-money-laundering legislation. We …
Persistent link: https://www.econbiz.de/10011570451
In this paper, I suggest that the regulation of the financial system, especially if the aim is to prevent financial … important than organizing the best possible prudential regulation is having a solid and well-developed financial safety net … create the right incentives to avoid reckless risk-taking and better align interests, mainly if there are rules establishing …
Persistent link: https://www.econbiz.de/10013061343
Hub-and-spoke regulation, where a central regulator with legal power over firms delegates monitoring to local … increase their risk of failure, more than similar banks in the same time and place. The opposite occurs for openings. Our … findings suggest that field level interaction is an important part of regulation, and that distancing supervisors from banks to …
Persistent link: https://www.econbiz.de/10012967849