Kerkemeyer, Andreas (2019)
A Decade after Lehman: An Assesment of Key Regulatory Responses to the Global Financial Crisis.
In: ECFR European Company and Financial Law Review, 16 (4)
Artikel, Bibliographie
Kurzbeschreibung (Abstract)
In September, 2008, the meltdown of the investment bank Lehman Brothers accelerated the Global Financial Crisis, which affected economies and consumers worldwide. As soon as the Global Financial Crisis broke out, governments and legislators recognized the need for macroprudential reform in order to build a resilient financial system. Today, legislators in every major jurisdiction have finalized almost all major reforms that were envisaged once it had become clear that the crisis was also due to regulatory shortcomings. The reforms especially targeted (over-the-counter) derivatives and the equity base of banks. Following an analysis of the reasons for the Global Financial Crisis and the regulatory failures that contributed to its severity this article will discuss two major legislative responses that intend to make the financial system robust – the establishment of a central dearing obligation for over-the-counter derivatives and the revised Basel Accords on capital requirements for banks.
| Typ des Eintrags: | Artikel |
|---|---|
| Erschienen: | 2019 |
| Autor(en): | Kerkemeyer, Andreas |
| Art des Eintrags: | Bibliographie |
| Titel: | A Decade after Lehman: An Assesment of Key Regulatory Responses to the Global Financial Crisis |
| Sprache: | Englisch |
| Publikationsjahr: | 15 August 2019 |
| Ort: | Berlin |
| Verlag: | De Gruyter |
| Titel der Zeitschrift, Zeitung oder Schriftenreihe: | ECFR European Company and Financial Law Review |
| Jahrgang/Volume einer Zeitschrift: | 16 |
| (Heft-)Nummer: | 4 |
| Kurzbeschreibung (Abstract): | In September, 2008, the meltdown of the investment bank Lehman Brothers accelerated the Global Financial Crisis, which affected economies and consumers worldwide. As soon as the Global Financial Crisis broke out, governments and legislators recognized the need for macroprudential reform in order to build a resilient financial system. Today, legislators in every major jurisdiction have finalized almost all major reforms that were envisaged once it had become clear that the crisis was also due to regulatory shortcomings. The reforms especially targeted (over-the-counter) derivatives and the equity base of banks. Following an analysis of the reasons for the Global Financial Crisis and the regulatory failures that contributed to its severity this article will discuss two major legislative responses that intend to make the financial system robust – the establishment of a central dearing obligation for over-the-counter derivatives and the revised Basel Accords on capital requirements for banks. |
| Fachbereich(e)/-gebiet(e): | 01 Fachbereich Rechts- und Wirtschaftswissenschaften 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Juristische Fachgebiete 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Juristische Fachgebiete > Deutsches und Internationales Wirtschafts- und Arbeitsrecht 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Juristische Fachgebiete > Deutsches und Europäisches Zivil-, Wirtschafts- und Arbeitsrecht 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Juristische Fachgebiete > Fachgebiet Deutsches und Europäisches Finanz- und Steuerrecht 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Juristische Fachgebiete > Fachgebiet Bürgerliches Recht und Unternehmensrecht |
| Hinterlegungsdatum: | 19 Aug 2024 08:16 |
| Letzte Änderung: | 19 Aug 2024 08:16 |
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