English Abstract: This article examines the case of Hypo Real Estate Holding (HRE) during the financial crisis of 2007 and the implications that can be derived for future regulation of banks. The financial crisis triggered directly a liquidity crisis as well as indirectly a solvency crisis at...

Peer-to-peer finance has received increasing attention over the last years, not only because of its disruptive nature and its disintermediation of nearly all major banking functions, but also because of its rapid growth and expanding breadth of services. Drivers for this growth are the emergence...