Systemic Risk Under the CAPM, Regulatory Transparency, and the Role of a Resolution Authority.

Systemic Risk Under the CAPM, Regulatory Transparency, and the Role of a Resolution Authority.

Despite the lively policy debate over the need to regulate systemic risk through capital standards, systemic risk is not well defined. This is partially due to the complexity of the topic and that it involves a technical understanding of financial markets and modern concepts of portfolio theory. Read the Entire PDF

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