relation: http://eprints.imtlucca.it/2455/
title: Systemic risk and banking regulation: some facts on the new regulatory framework
creator: Bonollo, Michele
creator: Crimaldi, Irene
creator: Flori, Andrea
creator: Pammolli, Fabio
creator: Riccaboni, Massimo
subject: HB Economic Theory
subject: HD61 Risk Management
description: 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.
publisher: IMT Institute for Advanced Studies Lucca
date: 2015-01
type: Working Paper
type: NonPeerReviewed
format: application/pdf
language: en
rights: cc_by_nd
identifier: http://eprints.imtlucca.it/2455/1/EIC_WP_01_2015.pdf
identifier:   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.