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Systemic risk and banking regulation: some facts on the new regulatory framework

Bonollo, Michele and Crimaldi, Irene and Flori, Andrea and Pammolli, Fabio and Riccaboni, Massimo Systemic risk and banking regulation: some facts on the new regulatory framework. EIC working paper series #1/2015 IMT Institute for Advanced Studies Lucca ISSN 2279-6894.

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The recent financial crisis highlighted the relevant role of the systemic effects of banks’ defaults on the stability of the whole financial system. In this work we draw an organic picture of the current regulations, moving from the definitions of systemic risk to the issues concerning data availability. We show how a more detailed flow of data on traded deals might shed light on some systemic risk features taken into account only partially in the past. In particular, we analyse how the new regulatory framework allows regulators to describe OTC derivatives markets according to more detailed partitions, thus depicting a more realistic picture of the system. Finally, we suggest to study sub-markets illiquidity conditions to consider possible spill over effects which might lead to a worsening for the entire system.

Item Type: Working Paper (EIC working paper series)
Additional Information: The working paper has been published in: Corporate Ownership & Control, 12 (2), 2015
Projects: Project “CRISIS Lab”
Uncontrolled Keywords: JEL Codes: G01, G18 G21 - Keywords: Systemic Risk, OTC Derivatives Market, Basel Regulations, European Market Infrastructure Regulation, Trade Repositories
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
Research Area: Economics and Institutional Change
Depositing User: Ms T. Iannizzi
Date Deposited: 12 Jan 2015 10:55
Last Modified: 29 Jan 2015 08:42
URI: http://eprints.imtlucca.it/id/eprint/2455

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