U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton, U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo, and U.K. Financial Conduct Authority (FCA) Chief Executive Andrew Bailey issued the following joint ...
In 2010, the Basel Committee on Banking Supervision published an assessment of the long-term economic impact (LEI) of stronger capital and liquidity requirements (BCBS (2010)). This paper considers this assessment in light of estimates from later studi...

Dr Declan Finney is a post-doctoral researcher at the University of Leeds’ Institute for Climate...

The post Guest post: Planned growth of UK airports not consistent with net-zero climate goal appeared first on Carbon Brief.

Dr Declan Finney is a post-doctoral researcher at the University of Leeds’ Institute for Climate...

The post Guest post: Planned growth of UK airports not consistent with net-zero climate goal appeared first on Carbon Brief.

Ayelen Banegas and Jessica Goldenring | Since the financial crisis, the markets for Bank Loan (BL) and High Yield Bond (HYB) mutual funds (MFs) have grown significantly, with assets under management increasing from $19 billion and $75 billion to close ...
James A. Kahn and Benjamin S. Kay | We provide new evidence that credit supply shifts contributed to the U.S. subprime mortgage boom and bust. We collect original data on both government and private mortgage insurance premiums from 1999-2016, and docum...
Előd Takáts and Judit Temesvary | We combine a rarely accessed BIS database on bilateral cross-border lending flows with cross-country data on macroprudential regulations. We study the interaction between the monetary policy of major internation...
R. Matthew Darst and Ehraz Refayet | We study how adverse selection distorts equilibrium investment allocations in a Walrasian credit market with two-sided heterogeneity. Representative investor and partial equilibrium economies are special cases where...
The Securities and Exchange Commission took another significant step toward establishing the regulatory regime for security-based swap dealers today by adopting a package of rules and rule amendments under Title VII of the Dodd-Frank Act.  These and ot...