Topic
Systemic Risk
220 published works
Global Regulation Tomorrow
PRA decision on systemic risk buffer rates
On 9 April 2020, the PRA, with support from the Financial Policy Committee, announced its decision to maintain firms systemic risk buffer rates at the rate set in December 2019,…
The CLS Blue Sky Blog
Are ETFs Making Some Asset Managers Too Interconnected to Fail?
Exchange traded funds (ETFs) sit at the center of the COVID-19 crisis selloff.[1] This isn’t surprising, since ETFs are a low-cost highly liquid vehicle for trading entire sectors, asset classes,…
Compliance Building
Compliance Bricks and Mortar for March 20
I’m going to assume that most of the readers of Compliance Building are working remotely. I hope your firms’ business continuity processes are holding up and you’re keeping things together.…
The CLS Blue Sky Blog
Coronavirus, Systemic Risk, and Lessons from 2008
The greatest single-day decline in the stock market this century, widespread fear and uncertainty, shuttered schools, an end to large gatherings everywhere from NBA games to the South by Southwest…
Global Regulation Tomorrow
US Financial Stability Oversight Council finalizes its guidance on assessing systemic risk
On January 29, 2020, the Financial Stability Oversight Council (FSOC)’s finalization of its guidance on how it would assess risks to the US financial system became effective. The Final Guidance,…
Global Regulation Tomorrow
EBA consults on guidelines on appropriate subsets of sectoral exposures in the application of the systemic risk buffer
By Jochen Vester (UK), Simon Lovegrove (UK)
On 12 February 2020, the European Banking Authority (EBA) launched a consultation on draft guidelines on the appropriate subsets of sectoral exposures to which competent or designated authorities may apply…
InsureReinsure
Global Insurance Supervisors Take Another Step Forward
Coinciding with a plan to consider and evaluate alternative approaches to implementing an Insurance Capital Standard (ICS), the International Association of Insurance Supervisors (IAIS), during its November annual meeting, finalized…
The CLS Blue Sky Blog
Evidence of Systemic Risk from Major Cybersecurity Breaches
By Shaen Corbet, Constantin Gurdgiev
In general economics, “asymmetric information” refers to information about a transaction in which one party knows more than another party, to the potential benefit of the former at the expense…
The CLS Blue Sky Blog
Institutional Shareholders: Friends or Foes of Banks?
Following the financial crisis, regulators, academics, and practitioners investigated the factors that contributed to the systemic failure of the financial system. An important dimension of systemic risk that was identified…
Securities Law Prof Blog
Gerding on Securitization
Erik F. Gerding has posted Testimony of Erik F. Gerding Before the U.S. House of Representatives Subcommittee on Consumer Protection and Financial Institutions on 'Emerging Threats to Stability: Considering the…