Ring fencing Volcker’s Rule?: The Liikanen Report and justifications for ring fencing and separate legal entities revisited

Marianne Ojo

MPRA Paper from University Library of Munich, Germany

Abstract: The predecessor paper to this publication, “Volcker/Vickers Hybrid”: The Liikanen Report and Justifications For Ring Fencing and Separate Legal Entities, considered the merits, objectives and cost-benefit attributes of respective models associated with the Vickers Report, Liikanen Report and Volckers Rule – by way of reference to the degree of separation of legal entities or banking activities involved, as well as whether an outright ban or prohibition on proprietary trading is involved. This paper is aimed at highlighting why ring fencing not only presents a more feasible and cost effective option to other models, but also why its degree of flexibility provides the more appropriate balance in a financial environment whose trend is increasingly inclined towards conglomeration.

Keywords: Vickers Report; Volcker’s Rule; Liikanen Report; ring fencing; cross-sector services’ risks; liquidity risks; systemic risks; capital requirements; leverage ratios (search for similar items in EconPapers)
JEL-codes: G2 G28 K2 (search for similar items in EconPapers)
Date: 2014-01-22
New Economics Papers: this item is included in nep-cfn
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/53116/1/MPRA_paper_53116.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/70894/1/MPRA_paper_53116.pdf revised version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:53116

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().