Banking regulation and the changing geography of off-balance sheet activities
Résumé
This paper investigates whether the substitute compliance framework under the new US regime for over-the-counter derivatives has stimulated regulatory arbitrage. Results point to increased post-regulatory concentration in exposure in those countries in which US banks comply with local derivative regulation.
Domaines
Economies et financesOrigine | Fichiers produits par l'(les) auteur(s) |
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