The new international financial system : analyzing the cumulative impact of regulatory reform / editors, Douglas D. Evanoff, Andrew G Haldane, George G. Kaufman.
2016
HG3881 .A644 2014 (Map It)
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Details
Meeting Name
Title
The new international financial system : analyzing the cumulative impact of regulatory reform / editors, Douglas D. Evanoff, Andrew G Haldane, George G. Kaufman.
Published
New Jersey : World Scientific, [2016]
Call Number
HG3881 .A644 2014
ISBN
9789814678322 (hardcover)
9814678325 (hardcover)
9814678325 (hardcover)
Description
xiv, 596 pages : illustrations ; 24 cm.
System Control No.
(OCoLC)907811295
Summary
Ever since the Great Recession, the global financial regulatory system has undergone significant changes. But have these changes been sufficient? Have they created a new problem of over-regulation? Is the system currently in a better position than in the pre-Recession years, or have we not adequately addressed the basic causes of the financial crisis and resulting Great Recession? These were the questions and issues addressed in the seventeenth annual international banking conference held at the Federal Reserve Bank of Chicago in November 2014. In collaboration with the Bank of England, the theme of the conference was to examine the state of the new global financial system as it has evolved in response to significant market changes and regulatory reforms triggered by the global financial crisis. The papers from that conference are collected in this volume, with contributions from an international array of government officials, regulators, industry practitioners and academics.-- Provided by Publisher.
Note
"This volume contains the papers and keynote addresses delivered at the [seventeenth Annual International Banking Conference held at the Federal Reserve Bank of Chicago in November 2014]."
Bibliography, etc. Note
Includes bibliographical references and index.
Record Appears in
Table of Contents
Preface
v
Acknowledgements
vii
About the Editors
xiii
pt. I
Special Addresses
1
ch. 1
Financial Entropy and the Optimality of Over-regulation / Alan S. Blinder
3
ch. 2
Implementing the Regulatory Reform Agenda: The Pitfall of Myopia / Stefan Ingves
37
ch. 3
Financial System Perspective on Central Clearing of Derivatives / Jerome H. Powell
47
pt. II
Regulatory and Market Response to the Financial Crisis --- Banking
61
ch. 4
Shadow Banking in China / Andrew Sheng
63
ch. 5
Fed Liquidity Policy During the Financial Crisis: Playing For Time / Richard Herring
79
ch. 6
Europe's Banking Union: Status and Prospects / Nicolas Veron
131
pt. III
Regulatory and Market Response to the Financial Crisis --- Capital Markets
163
ch. 7
Capital Market Regulation in Japan after the Global Financial Crisis / Ayako Yasuda
165
ch. 8
Systemic Risk and Public Institutions: Evolving Perspectives from the Financial Crisis / Chester Spatt
191
ch. 9
Securities Regulation During and After the 2008 Financial Crisis / Erik R. Sirri
215
ch. 10
Regulatory Reform, its Possible Market Consequences and the Case of Securities Financing / David Rule
253
pt. IV
Resolving Systemically Important Financial Institutions and Markets
265
ch. 11
Critical Evaluation of Bail-in as a Bank Recapitalization Mechanism / Emilios Avgouleas
267
ch. 12
Resolving Systemically Important Financial Institutions and Markets / Adam Ketessidis
307
ch. 13
Role of Bankruptcy in Resolutions / Kenneth E. Scott
315
ch. 14
Single Point of Entry Resolution Strategy and Market Incentives / James R. Wigand
323
pt. V
Transitional Impact of the Reforms on the Financial Sector
337
ch. 15
Model Risk and the Great Financial Crisis: The Rise of Modern Model Risk Management / Til Schuermann
339
ch. 16
Banking in a Re-regulated World / Luc Laeven
355
ch. 17
Financial Reform in Transition / Philipp Hartmann
371
pt. VI
Transitional Impact of the Reforms on the Real Sector
405
ch. 18
Jury Is In / Stephen G. Cecchetti
407
ch. 19
Regulations, Reforms, and the Real Sector / Martin Cihak
425
ch. 20
Financial Fragmentation, Real-sector Lending, and the European Banking Union / Giovanni Dell'ariccia
459
ch. 21
New Capital and Liquidity Requirements: Transitional Effects on the Economy / Douglas J. Elliott
473
pt. VII
Long-term Cumulative Steady State Outcome of Reforms --- Future Concerns?
493
ch. 22
Some Effects of Capital Regulation When There are Competing, Nonbank Lenders / Mark J. Flannery
495
ch. 23
Steady State of the Banking Union / Dirk Schoenmaker
511
ch. 24
Resolving Systemically Important Entities: Lessons from the Government Sponsored Enterprises / Mark Calabria
529
pt. VIII
Policy Panel --- Where to from Here?
547
ch. 25
Assessing the Overall Impact of Financial Reforms / Svein Andresen
549
ch. 26
Financial Regulation: Where to From Here? / Vitor Constancio
559
ch. 27
Where To From Here?: Financial Regulation 2.0 / Andrew W. Lo
569
ch. 28
Key Fragilities of the Financial System / Randall S. Kroszner
579
ch. 29
Where to From Here for Financial Regulatory Policy?: Analyzing Housing Finance / David Scharfstein
589
Index
595