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Empirical Assessment on Financial Regulations and Banking Sector Performance

Abstract

This study examines financial regulation and banking sector performance in Nigeria. Specifically, the study determines the impact of reforms on banking sector performance and also assesses the nexus between capital adequacy and banking sector performance. Time series data for the period 1993 to 2014 was used. As an analytical tool, the study uses unit root test to determine the stationary state of the variables. We also employed the Johansson co-integration and error correction model (ECM) statistical techniques to establish both short-run and long-run dynamic relationships between the endogenous and exogenous variables. The empirical findings indicate that financial regulation significantly impacts the banking sector performance while financial regulation has both short-run and long-run dynamic relationships with the banking sector performance in Nigeria. It was found that the four-period lag of capital adequacy negatively affects banking sector performance and is not statistically significant. The paper suggests that the Central Bank of Nigeria (CBN) should continually make public the impacts that the various financial regulations and reforms have on the performance of Nigerian banks. Majority of the policies on financial regulation by the apex bank (CBN) need to be long-run which can enable confidence of stakeholders, shareholders and the general public in the Nigerian banking industry when critically evaluated.

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Crowdfunding in the Wider Perspective Investment Crowdfunding: Competition Between Regulations, Institutions, and Economic Freedom

Abstract

The aim of this article is to present Investment Crowdfunding (ICF) in a perspective wider than merely as a new form of financing a certain category of business ventures. Selected aspects of ICF as a phenomenon that is a manifestation of the conflict between economic freedom and regulations and financial market institutions will be emphasized. New concepts of the part of the modern economy in the period of digitization, referred to as the collaborative economy, mesh economy, or sharing economy, should also be taken into account. The issues of excessive and restrictive regulation of the financial market will be presented in this context, as well as the constraints and risk factors of ICF operation and the Polish ICF experience.

The study hypothesises that Investment Crowdfunding is a viable alternative for financing micro and small economic projects, if compared to the traditional and over-regulated forms of financing. The usefulness of Investment Crowdfunding concerns primarily economic projects of the start-up category. The study uses the following research methods: critical analysis of the literature of the issue, descriptive and comparative analysis, case study, and deduction.

The theoretical considerations and examples presented in the article should be treated with appropriate research caution. However, they make it possible to positively verify the hypothesis.

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Fiinancial Stability and Reform of the Financial System

: http://www.bis.org/reportofficepubl/hkimr201007.12c.pdf Brunnermeir, M., Crockett, A., Goodhart, C., Persaud, A, and Shin, H.: The Fundamental Pronciples of Financial Regulation. Geneva Reports on the World Economy 11, (2009). Caballero, R., Krishnamurthy, A.: Global Imbalances and Fnancial Fragility. In: American Economic Review 99, pp. 584-588, (2009). Caruna, J.: Macrprudential Policy: Working Towards a New Consensus. Remarks at the high level meeting on „The Emerging Frameworkfor financial Regulation and Monetary

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De Gaulle, the “Empty Chair Crisis” and the European Movement

Abstract

European Movement International (EM) was founded in October 1948 after the Hague Congress held in May to coordinate the initiatives of the major European movements and political forces in favour of the unification of the Old Continent.

The aim of this essay is to analyse EM’s stance in defence of the Community institutions established under the Treaties of Paris (1951) and Rome (1957), in the face of the so-called “empty chair crisis”. This crisis between the French government and the other Community partners was triggered by proposals made in March 1965 by the Commission of the European Economic Community, chaired by Walter Hallstein, which established a direct relationship between the renewal of the financial regulation of the Common Agricultural Policy, the shift towards a system of “own resources” (from agricultural levies and customs duties) and the strengthening of the European Parliament’s powers.

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Challenges Regarding the Implementation of MiFID II

compliance - are we ready?, Journal of Financial Regulation and Compliance, vol. 23, no.2, pp.196-206, 2015.

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Theoretical and Empirical Research on The Analysis and The Assessment of The Stability of National Financial Systems. Romania’s Experience

”. IMF Working Papers, 4, 2004, p.82 [5] Wellink N., “Central Bank as Guardians of Financial Stability, The Seminar: Current Issues in Central Banking”, Oranjestad, 2002, p.2 [6] Lătea. G.O., op.cit, p.16 [7] NBR, “Financial Stability Report”, 2006, p.7 [8] Volcker P., “The Federal Reserve Position on Restructuring of Financial Regulation Responsabilities”, Federal Reserve Bulletin, 70, 1984, p.548 [9] Cerna S.(coord), Donath L. Șeulean V., Herbei M., Bărglăzan D., Albulescu C., Boldea B

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What Kind Of Systemic Risks Do We Face In The European Banking Sector? The Approach Of CoVaR Measure

). Volatility, Correlation and Tails for Systemic Risk Measurement. Working Paper Series , Department of Finance, NYU. Brunnermeier, M.K., Crocket, A., Goodhart, C., Perssaud, A. & Shin, H. (2009). The Fundamental Principles of Financial Regulation . 11th Geneva Report on the World Economy. Brunnermeier, M.K. (2009). Deciphering the Liquidity and Credit Crunch 2007–2008. Journal of Economic Perspectives , 23 (1), 77–100. Jorion, P. (2006). Value at Risk . McGraw-Hill, 3rd edn. Kupiec, P. (2002). Stress-testing in a Value at Risk Framework, Risk

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Empirical Research on Financial Stability in Contemporary Economies. Romania Case Study

Report, 2006, p.7. [6] Isărescu, M., Stabilitatea prețurilor şi stabilitatea financiară, Dissertation on being awarded the title of Doctor Honoris Causa of the University of Piteşti, 8 th December 2006, p.8. [7] Schinasi, G., Defining Financial Stability, IMF Working Papers, 4, 2004, p.82. [8] Cerna, S.(coord.), Stabilitatea financiară, Timişoara, West University Press, 2008, p.9. [9] Volcker, P., The Federal Reserve Position on Restructuring of Financial Regulation Responsibilities, Federal Reserve Bulletin, 70,1984, p. 548. [10

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Model of Financial Crisis Contagion: A Survey-based Simulation by Means of the Modified Kaplan-Meier Survival Plots

References Abd Majid, M.S. & Hj Kassim, S. (2009) Impact of the 2007 US financial crisis on the emerging equity markets. International Journal of Emerging Markets, 4 (4), 341-357. Alexander, K. (2001b). The Need for Efficient International Financial Regulation and the Role of a Global Supervisor. Journal of Money Laundering Control, 5 (1) 52-65. Alexander, K. (2001a). The Role of a Global Supervisor for International Financial Markets. Journal of Financial Crime, 8 (3), 234-247. Allen, F. &Gale

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Corporate Governance of Banks in Poland and Slovenia

References 1. Adams, R., & Mehran, H. (2008). Corporate performance, board structure, and their determinants in the banking industry. Retrieved from http://www.nyfedeconomists.org/research/staff_reports/sr330.pdf . http://dx.doi.org/10.2139/ssrn.1150266 2. Alexander, K. (2010). The banking crisis: Regulation and supervision. In J. MacNeil & I. O'Brien (Eds.), The future of financial regulation (pp. 437–444). Portland: Hart Publishing. 3. Arhar, F. (2008). Upravljanje korporacij. Bančni vestnik, 1–2, 40–44. 4. Baek, J., Kang, J

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