Tag Archives for financial regulation
Eatwell, Taylor – Global Finance at Risk
Last week I had a fascinating conversation with a friend of mine who is an anarchist. We tend to discuss international capitalism and he always wants to convince me that it is possible to create a society without capitalism. When … Continue reading
Hedge Funds and Benfords Law
Glyn Holton wrote an article about how to detect fraud in the reports by Hedge Funds: using Benford’s Law. Benford’s law, also called the first-digit law, states that in lists of numbers from many real-life sources of data, the leading … Continue reading
Thoughts on transnational networks of private international bodies in the financial architecture
In most fields of regulation, even on the national level, organisation representing private interests or corporations have a saying. Private interestes are expressed through lobbyism and public relation activities, but the governance system in most states is characterized by representatives … Continue reading
Trilemma in financial supervision – Schoenmaker, Oosterloo
Dirk Schoenmaker and Sander Osterloo from the Dutch Finance Ministry have written an article about Cross-border issues in European financial supervision as part of the book on the Structure of Financial Regulation by David G Mayes and Geoffrey E Wood. … Continue reading
Role of the Central Bank in Financial Supervision – Article by Goodhard
Charles Goodhart has written an article called “Financial supervision from an historical perspective” in a book about the “Structure of Financial Regulation” by David Mayed and Geoffrey E Wood. He mostly focuses on the role of the Central Bank in … Continue reading
Mayes, Wood: “The Structure of Financial Regulation”
David G. Mayes and Geoffrey E. Wood have published a book about “The Structure of Financial Regulation” in 2007 based on a workshop held at the Bank of FInland. The book includes some interesting chapters on: Financial supervision Bank regulation … Continue reading
Intergovernmentalism in Financial Regulation
Puzzling Complexity The global financial architecture is very complex. Despite increasing liberalization of financial markets, increased system risk and integration of the economies through the financial markets in the last 30 years, there is no single World Financial Authority regulating … Continue reading
Project: Mapping the Financial Governance
When academics, analysts and scholars analyze the causes and remedies for the current credit crisis, most of them analyze macro-economic trends such as exchange rate movements, or micro-economic changes such as Basel II. How the global financial architecture evolved and … Continue reading
The need for systemic risk
To speak about systemic risks only makes sense when analyzing a large system, such as the international financial markets. The financial markets are the quintessential traders of risk, because risks from investments, macro- and micro-economic policy, technological innovation and behaviour … Continue reading