@article{eprints2548, author = {Michele Bonollo and Irene Crimaldi and Andrea Flori and Fabio Pammolli and Massimo Riccaboni}, publisher = {Virtus Interpress}, journal = {Corporate Ownership \& Control}, year = {2015}, title = {Systemic risk and banking regulation: some facts on the new regulatory framework}, pages = {52--63}, number = {2}, volume = {12}, keywords = {Systemic Risk, OTC Derivatives Market, Basel Regulations, European Market Infrastructure Regulation, Trade Repositories}, abstract = {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 submarkets illiquidity conditions to consider possible spill over effects which might lead to a worsening for the entire system.}, url = {http://eprints.imtlucca.it/2548/} }