Fiesenig, Bruno ; Grebe, Leonard ; Schiereck, Dirk (2024)
Financial center expertise, investors’ expectations and the new European anti-money laundering authority.
In: Economics Letters, Volume 239 (111738)
doi: 10.1016/j.econlet.2024.111738
Article, Bibliographie
Abstract
The decision to establish the European authority for anti-money laundering and counter-terrorism financing (AMLA) in Frankfurt sets the stage for a natural experiment, offering insight into how the decision for the AMLA headquarter location and the future proximity to regulatory oversight influence the market value of financial institutions. Our results show that, while the introduction of a regulatory institution in Europe appears to have a significant positive impact on European markets, this effect, however, appears to be mitigated in countries directly affected by the decision of the geographical location of the new founded authority.
| Item Type: | Article |
|---|---|
| Erschienen: | 2024 |
| Creators: | Fiesenig, Bruno ; Grebe, Leonard ; Schiereck, Dirk |
| Type of entry: | Bibliographie |
| Title: | Financial center expertise, investors’ expectations and the new European anti-money laundering authority |
| Language: | German |
| Date: | June 2024 |
| Journal or Publication Title: | Economics Letters |
| Volume of the journal: | Volume 239 |
| Issue Number: | 111738 |
| DOI: | 10.1016/j.econlet.2024.111738 |
| URL / URN: | https://www.sciencedirect.com/science/article/pii/S016517652... |
| Abstract: | The decision to establish the European authority for anti-money laundering and counter-terrorism financing (AMLA) in Frankfurt sets the stage for a natural experiment, offering insight into how the decision for the AMLA headquarter location and the future proximity to regulatory oversight influence the market value of financial institutions. Our results show that, while the introduction of a regulatory institution in Europe appears to have a significant positive impact on European markets, this effect, however, appears to be mitigated in countries directly affected by the decision of the geographical location of the new founded authority. |
| Divisions: | 01 Department of Law and Economics 01 Department of Law and Economics > Betriebswirtschaftliche Fachgebiete 01 Department of Law and Economics > Betriebswirtschaftliche Fachgebiete > Corporate finance |
| Date Deposited: | 15 May 2024 17:46 |
| Last Modified: | 15 May 2024 17:46 |
| PPN: | |
| Export: | |
| Suche nach Titel in: | TUfind oder in Google |
 |
Send an inquiry |
Options (only for editors)
 |
Show editorial Details |
Drucken
Impressum