ANALYSIS OF REGULATORY RESPONSE TO FINANCIAL CRISES GLOBALISATION AND ITS EFFECT ON THE WORLD FINANCIAL MARKET

Oleksandr Sienin

Abstract


The article provides analysis of post crisis regulatory response worldwide as well as recent developments of regulatory policies in the financial field. It also compares trends in regulations with the profitability of financial sector to support or reject the idea that strict regulatory measures curtail the development of financial services.


Keywords


world financial market; international banking; financial globalisation; regulatory policies; financial sector profitability

Full Text:

PDF>PDF

References


Bank for international settlements, “Basel III: international regulatory framework for banks”. Retrieved from: http://www.bis.org/bcbs/basel3.htm

Blundell-Wignall A. & Atkinson P. (2010). “Thinking beyond basel III: Necessary solutions for capital and liquidity” OECD Journal: Financial Market Trends V. 2010 – Issue 1. Retrieved from: http://www.oecd.org/finance/financial-markets/45314422.pdf

Claessens, S. & Ayhan, K. M. (2013). «Financial Crises: Explanations, Types, and Implications», January 2013, IMF Working Paper WP/13/28, International Monetary Fund. Retrieved from: https://www.imf.org/external/pubs/ft/wp/2013/wp1328.pdf

Cull, R. (2009). “Does Regulatory Supervision Curtail Microfinance Profitability and Outreach?”, Policy Research Working Paper 4748, The World Bank Development Research Group Finance and Private Sector Team June

Faten, B. B. (2014). ”The Effects of regulation and supervision on European Banking profitability and risk: a panel Data Investigation”, The Journal of Applied Business Research – November/December 2014 Volume 30, Number 6 (p. 1655-1670), Copyright by author(s); CC-BY, The Clute Institute

Ichiue, H. & Lambert, F. (2016). “Post-crisis International Banking: An Analysis with New Regulatory Survey Data”, IMF Working Paper, WP/16/88, International Monetary Fund. Retrieved from: https://www.imf.org/external/pubs/ft/wp/2016/wp1688.pdf

Mashaie, M. (2013). “Bank Regulation, Profitability, and Lending: An Analysis of Systemically Important Banks pre-2007-09 Financial Crisis” Department of Economics of the University of Ottawa, Supervisors: Professors Patrick Leblond and Maral Kichian, ECO 6999, December 2013. Retrieved from: https://ruor.uottawa.ca/bitstream/10393/30579/1/MMashaie_mrp.pdf

Schildbach, J. (2016). “European banks: Non-performing loans, negative rates & regulation” Deutsche Bank Research, Nicosia. Retrieved from: https://www.dbresearch.com/PROD/RPS_ENPROD/PROD0000000000454779/European_banks_-_Non-performing_loans%2C_negative_ra.pdf

Schoenmaker, D. (2017). “What happened to global banking after the crisis?”, Policy Contribution Issue n˚7. Retrieved from: http://bruegel.org/wp-content/uploads/2017/03/PC-07-2017-140317.pdf

The Economist, “The slumps that shaped modern finance” Retrieved from: http://www.economist.com/news/essays/21600451-finance-not-merely-prone-crises-it-shaped-them-five-historical-crises-show-how-aspects-today-s-fina

The World Bank, Data Bank (Online statistics database). Retrieved from: https://data.worldbank.org/indicator?tab=all

UNCTAD, UNCTADSTAT (Online statistics database). Retrieved from: http://unctadstat.unctad.org/wds/ReportFolders/reportFolders.aspx


Refbacks

  • There are currently no refbacks.


Copyright (c) 2017 Oleksandr Sienin

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

ISSN (Print) : 2449-7320

ISSN (Online) : 2449-8726