2012/2 New Paradigms in Banking, Financial Markets and Regulation?

New Paradigms in Banking, Financial Markets and Regulation?
edited by Morten Balling, Frank Lierman, Freddy Van den Spiegel, Rym Ayadi and David T. Llewellyn, Vienna, 2012, ISBN 978-3-902109-62-0

On May 11-12, 2011, SUERF, the Belgian Financial Forum, the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) jointly organised the 29th SUERF Colloquium New paradigms in money and finance? The papers included in this SUERF Study are based on contributions to the Colloquium. The 2008-11 financial crisis has demonstrated unsatisfactory performance in financial institutions and in financial regulation and supervision all over the world. The contributors to the present volume look with critical eyes on financial theories, supervisory structures, (mis)pricing of risk and distorted incentives, risk management models and procedures, conflicts of interest and bank strategies. Their perspectives are quite different, but they share the ambition of finding improved analytical, organizational or managerial approaches so that decisionmakers have a better chance of showing good performance in the future. In essence, they are looking for new paradigms in banking, financial markets and regulation.

Introduction
Morten Balling, Frank Lierman, Freddy Van den Spiegel, Rym Ayadi & David T. Llewellyn

Financial Supervision in Europe after the Crisis
Martin Merlin

The Economic Crisis: A Story of Supervisory Failure and Ideas for the Way Forward
Donato Masciandaro, Rosaria Vega-Pansini and Marc Quintyn

Systemic Changes in the Financial World and the Search for the New Paradigm of Finance
Adam Szyszka

On Basel Regulation and Banks’ Incentives
Rym Ayadi

Perfect Models, Fallible Humans?
Frank De Jonghe

The Cooperative Banking Model: Performance and Opportunities
Hans Groeneveld

Competition on the Polish Banking Market (before the financial crisis and during the crisis) – Empirical Results
Malgorzata Pawlowska

The Revisited Concept of Bank Liquidity in the Theory of Bank Intermediation
Emil Ślązak

An Alternative Way of Calculating Risk-based Deposit Insurance Premiums
Susanna Walter and Matthias Schaller

Conflicts of Interest in Investment Advice to Private Customers – A Call for Greater Transparency and Better Alignment of Interests
Peter Reedtz

Views on Bank Strategy and Capital Market Infrastructure
Lars Machenil and Lieve Mostrey

pdfDownload Study

Additional Info

  • Keywords: Basel III, financial supervision, macroprudential supervision, regulatory framework, transformation of financial markets, neoclassical economics, behavioural finance, financial crisis, cooperative banks, banking, corporate governance, performance, stability, diversity, deposit insurance, risk-based premium, covered deposits, expected loss, option pricing, competition, concentration, market structure
  • JEL Codes: F36, G1, G2, G18, G21, G22, G28, G30, G32, G33, G34, L1, L25, P13
  • ISBN No.: 978-3-902109-62-0
  • Authors: Martin Merlin, Donato Masciandaro, Marc Quintyn & Rosaria Vega-Pansini, Adam Szyszka, Rym Ayadi, Frank de Jonghe, Hans Groeneveld, Malgorzata Pawlowska, Emil Ślązak, Susanna Walter & Matthias Schaller, Peter Reedtz, Lars Machenil & Lieve Mostrey
  • Editors: Morten Balling, Frank Lierman, Freddy Van den Spiegel, Rym Ayadi and David T. Llewellyn