Courtesy of Noëmie Lisack Small, young private firms in China have long been struggling to obtain formal bank loans. To bypass financial constraints, these firms have resorted to alternative, less formal financing sources. In this context, Chinese authorities are aiming to develop a more formal, market-based, and better regulated credit sector. In a Staff Working… Read More »
Courtesy of Elena Botella Consumer protection doesn’t appear to be very high on the Trump administration’s list of priorities. In fact, since President Trump tapped Mick Mulvaney to lead the Consumer Financial Protection Bureau in November, a number of regulations and initiatives introduced during the Obama years have been rolled back. This includes relaxing restrictions… Read More »
Courtesy of Ralph De Haas (EBRD) and Alexander Popov (ECB) At the 2015 Paris Climate Conference (COP21), the leaders of the G20 stated their intention to significantly scale up green-finance initiatives to fund low-carbon infrastructure and other climate solutions. A key example is the burgeoning market for green bonds to fund projects that save energy,… Read More »
Courtesy of Lerong Lu and Ningyao Ye[1] Recent reforms to Chinese securities law are designed to entice local tech giants to list their shares in mainland China as opposed to overseas markets like Hong Kong or New York. One reform idea is modelled off a long-standing concept in the U.S. and Europe known as depositary… Read More »
Courtesy of Andreas Wesemann Deposit insurance has been the most sacrosanct component of the regulatory regime for banks since it was widely introduced in Europe during the 1970s following the collapse of the Bretton Woods regime. While designed to protect consumers against undercapitalized banks, and their tendency to collapse in times of stress, deposit insurance… Read More »