UNEVEN REGULATORY TREATMENT OF DIFFERENT FUNDED POSITIONS – REGULATORY ARBITRAGE OPPORTUNITY

Ma³gorzata Karaœ ()
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Ma³gorzata Karaœ: Warsaw School of Economics
Authors registered in the RePEc Author Service: Małgorzata Karaś

"e-Finanse", 2014, vol. 9, issue 4, 48-52

Abstract: Regulations treating in a diversified way different types of funded positions introduced over decades, do not take into consideration the increasing opportunities of financial innovation and regulatory arbitrage. These opportunities seem to significantly benefit the most sophisticated market agents, for whom this costly opportunity makes economic sense as they typically engage in gigantic transactions. However, the answer to the question of whether such a diversified system of regulations is socially desirable seems to be negative.

Keywords: Securities; funded positions; regulatory arbitrage Least Squares Method (search for similar items in EconPapers)
JEL-codes: G18 K22 (search for similar items in EconPapers)
Date: 2014
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