Systemic risk and banking regulation: some facts on the new regulatory framework

Michele Bonollo (), Irene Crimaldi (), Andrea Flori (), Fabio Pammolli () and Massimo Riccaboni ()
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Michele Bonollo: Credito trevigiano; IMT School for Advanced Studies Lucca
Irene Crimaldi: IMT School for Advanced Studies Lucca
Andrea Flori: IMT School for Advanced Studies Lucca

No 1/2015, Working Papers from IMT School for Advanced Studies Lucca

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 sub-markets illiquidity conditions to consider possible spill over effects which might lead to a worsening for the entire system.

Keywords: Systemic Risk; OTC Derivatives Market; Basel Regulations; European Market Infrastructure Regulation; Trade Repositories (search for similar items in EconPapers)
JEL-codes: G01 G18 G21 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2015-01, Revised 2015-01
New Economics Papers: this item is included in nep-ban, nep-cba, nep-fmk and nep-rmg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in EIC working paper series

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http://eprints.imtlucca.it/2455/1/EIC_WP_01_2015.pdf First version, 2015 (application/pdf)

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