Bruegel

Finance and financial regulation

Coordinator: Nicolas Veron

Contributors: Jörg Rocholl, Garry Schinasi

The proposals made under this section are broadly in the continuity of Bruegel’s research in this area in 2011. The main research investment will be on the regulation of global financial intermediaries with an emphasis on supervision, resolution, and related issues of “structural” regulation. Started in 2011, this research will be continued in 2012, with the aim of a book publication towards late 2012 or early 2013. In parallel, the successful Finance Focus Breakfast series of about-monthly events at Bruegel will be continued and help shed light on specific challenges for EU financial policy.

The changing landscape of financial markets in Europe, the United States and Japan

18th March 2013 by Michiel Bijlsma, Gijsbert T. J. Zwart

We compare the structure of the financial sectors of the EU27, Japan and the United States, looking at a set of 23 indicators.
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Are banks affected by their holdings of government debt?

26th March 2012 by Chiara Angeloni, Guntram B. Wolff

This Working Paper sheds light on the link between sovereign and banking risk in the euro zone. It provides an empirical analysis of the impact of…
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Financial reform after the crisis: an early assessment

27th January 2012 by Nicolas Véron

This paper takes stock of global efforts towards financial reform since the start of the financial crisis in 2007-08, and provides a synthetic (if simplified) picture of their status as of January 2012.
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A tale of three countries: recovery after banking crises

29th December 2011 by Zsolt Darvas

The purpose of this Policy Contribution is to compare the policy responses in, and the adjustments made byIceland, Ireland and Latvia. Based on this comparison,…
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Rating agencies and sovereign credit risk assessment

15th December 2011 by Nicolas Véron, Guntram B. Wolff

Credit rating agencies (CRAs) have not consistently met the expectations placed on them by investors and policymakers. It is difficult, however, to improve the quality…
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Rate expectations: what can and cannot be done about rating agencies

31st October 2011 by Nicolas Véron

Nicolas Veron scrutinizes the current European debate about credit rating agencies. He warns against restricting the agencies’ freedom of expression or regulating their methodologies, and recommends vastly expanded public disclosure requirements on issuers to improve the quality of risk assessments.
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Keeping the promise of global accounting standards

7th July 2011 by Nicolas Véron

Accounting provides a fundamental underpinning for capital markets, and the worldwide spread of International Financial Reporting Standards (IFRS) marks one of the most advanced attempts…
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TGAE report - The contribution of 16 European think tanks to the Polish, Danish, and Cypriot trio presidency of the European Union

15th June 2011 by André Sapir, Jean Pisani-Ferry, Georg Zachmann, Benedicta Marzinotto

As in the two previous editions of Think Global – Act European (TGAE), directed by Elvire Fabry, Senior Research Fellow at Notre Europe, this report…
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An ocean apart: Comparing transatlantic responses to the financial crisis

12th March 2011 by Adam Posen, Jean Pisani-Ferry, Fabrizio Saccomanni

Has the EU-US relationship become a sideshow or is it still central to the global economy? Conflicting signals have been sent out since the outbreak…
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Too big to fail: the transatlantic debate

5th February 2011 by Nicolas Véron, Morris Goldstein

Although the United States and the European Union were bothseriously impacted by the financial crisis of 2007, the resulting policy debates and regulatory responses have…
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