For some, it is the panacea to all problems in banking, others sees it as just one pillar among many, while banks themselves usually complain about it: capital regulation. Should banks carry more equity? Always a prominent topic in financial regulation, it is once again on top of the policy agenda, with the US president ordering … Continue reading Equity, again
Shareholders, Managers, and the Corporate Governance of Banks
Looking back at the causes of the financial crisis, it is often assumed that managers’ accountability vis-à-vis the shareholders was the major factor contributing to the excessive risk- taking that could be observed. Whilst this implication holds true, applying undifferentiated solutions to complex structures runs the danger of replacing one problem with another. Therefore, the regulatory … Continue reading Shareholders, Managers, and the Corporate Governance of Banks
Regulators’ competition: Towards an objective based regulatory architecture
Lawmakers, regulators and academics spend much energy reforming the substantive regulatory subject matter. The equally important question of how to transform this „law in the books“ to the „law in action“ is less prominent. This is astonishing, given that the prevalent systems of both sectoral (banks, capital markets, insurance; e.g. the US system with OTC, … Continue reading Regulators’ competition: Towards an objective based regulatory architecture
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Our Project
Finance is international. Its regulation and supervision, however, are primarily conducted from a national perspective. This gap is increasingly being addressed by academics, lawyers and policy-shapers. In response to the financial crises of recent times, international legislators and regulators have ultimately begun to transpose proposals of this kind into legal action. This is impressingly documented … Continue reading Our Project
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