Overview

Financial regulation has dramatically evolved and strengthened since the crisis on both sides of the Atlantic, with enhanced international coordination through the G-20 and the Financial Stability Board and, at the regional level, a definite contribution from the European Union. However the new regulatory environment has its critics, with many divergent voices arguing that over-regulation has become a root cause of our current economic stagnation. This book provides a bigger picture view of the impact and future of financial regulation in the EU, exploring the relationship between microeconomic incentives and macroeconomic growth, regulation and financial integration, and the changes required in economic policy to further European integration. Bringing together contributions from law, economics and management science, it offers readers an accessible but rigorous understanding of the current state of play of the regulatory environment, and on the future challenges. Coverage will include: • A review of the recent regulatory changes from a legal and economic perspective • Analysis of how the economic model of financial institutions and entities is impacted by the new frameworks • How to improve securitization and new instruments under MIFID II • Issues in the enhanced supervision under delegated acts for AIFMD, CRR-CRD IV and Solvency II • How long term funding can be supplied in lieu of the non-conventional monetary policies • A new architecture for a safer and more efficient European financial system Financial Regulation in the EU provides much needed clarity on the impact of new financial regulation and the future of the economy, and will prove a must have reference for all those working in, researching and affected by these changes.

Full Product Details

Author:   Raphael Douady ,  Clement Goulet ,  Pierre-Charles Pradier
Publisher:   Springer International Publishing AG
Imprint:   Springer International Publishing AG
Edition:   1st ed. 2017
Weight:   0.865kg
ISBN:  

9783319442860

ISBN 10:   3319442864
Pages:   486
Publication Date:   12 September 2017
Audience:   College/higher education ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand  
We will order this item for you from a manufactured on demand supplier.

Table of Contents

Introduction; Raphaël Douady, Clément Goulet and Pierre-Charles Pradier.- Chapter 1) Political economy of the European Monetary Institutions and reform proposals; Jose Martin Flores.- Chapter 2) Fiscal Sustainability and Fiscal Rules in a Monetary Union: Theory and Practice in Europe; Pierre Aldama.- Chapter 3) The composition effect of new fiscal rules in the euro area; Jérôme Creel and Francesco Molteni.- Chapter 4) Banking union and the new economic system; Christian de Boissieu.- Chapter 5) Regulatory capture; Mathilde Poulain.- Chapter 6) Financial Derivatives regulation: a US point of view; Nasser Saber.- Chapter 7) MIFID; Roland Gillet, Stephani Ligot and Hassan Omidi Firouzi.- Chapter 8) Insurance regulation; Pierre-Charles Pradier and Arnaud Chneiweiss.- Chapter 9) Basel III and the retail bank business model; Eric Lamarque.- Chapter 10) Mark-to-market trading portfolios under CRDIV/CRR; Jean-Paul Laurent.- Chapter 11) Rating agencies; Philippe Raimbourg and Federica Salvadè.- Chapter 12) Impact of regulatory capital regulation on balance sheet structure, intermediation cost and growth; Hamza El Khalloufi and Pierre-Charles Pradier.- Chapter 13) Higher Quality securitization; Daphné Héant, Sophie Vermeille and Yann Coatanlem.- Chapter 14) Funding Innovation through institutions; Raphaël Douady and Antoine Kornprobst.- Postface by EP secretary General, Klaus Welle.

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Author Information

Raphael Douady is a French mathematician and economist.  He holds the Frey Family Endowed Chair of Quantitative Finance at Stony Brook University (SUNY), and is also the International Representative (and former Academic Director) of the Laboratory of Excellence on Financial Regulation (Labex ReFi, a joint initiative of Paris 1-Sorbonne University, ESCP-Europe, CNAM and ENA) and is affiliated with the French National Centre for Scientific Research (CNRS).  He co-founded fin-tech firms Riskdata (1999) and Datacore (2015).  He has more than twenty years of experience in the banking industry and thirty-five years of research in pure and applied mathematics.  His current research focus is systemic risk and the anticipation of financial market crises. His background in pure mathematics is in dynamical systems, chaos theory and symplectic geometry. He studied at Ecole Normale Supérieure in Paris and earned his PhD in mathematics in 1982 from the University of Paris 7. Clément Gouletgraduated from Paris 1 Panthéon-Sorbonne University, France, in Applied Mathematics. He is now a Doctoral Researcher with LabEx RéFi, working on forecasting techniques in finance. He lectures at Paris 1 Panthéon-Sorbonne University, France, where he also runs a doctoral seminar. Pierre-Charles Pradier is a Lecturer at Paris 1 Panthéon-Sorbonne University, France. He has been the Dean of the Economics Department, before serving as Vice-Provost, then Dean of the National School of Insurance (ENAss/CNAM). He joined LabEx RéFi in 2010 to coordinate teaching programmes. He lectures on applied microeconomics, financial economics and statistics.

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