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| Type | Scientific Publication In Electronic Form |
| Scope | Discipline-based scholarship |
| Title | Regulatory arbitrage and the G20's global derivatives market reform |
| Organization Unit | |
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| Language |
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| Place of Publication | London |
| Publisher | VoxEU, CEPR Policy Portal |
| Date | 2020 |
| Abstract Text | Managing global financial risks requires coordinated policies and a firm commitment by national actors. In the absence of such commitment, risks are reallocated and concentrate where they are least effectively addressed. Using data on the staggered implementation of the G20’s global derivatives market reform, this column documents US banks’ response to reform progress. It finds that banks shift trading activities towards less regulated jurisdictions and adopt riskier portfolios overall. The effects are driven by agenda items – like the promotion of central clearing – that are costly and do not benefit banks directly. |
| Free access at | Official URL |
| Official URL | https://voxeu.org/article/regulatory-arbitrage-and-g20-s-global-derivatives-market-reform |
| Other Identification Number | merlin-id:19520 |
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