Nos derniers articles

This paper that explores the design of #climate#stresstests to assess #macroprudential#risks from #climatechange in the #financialsector. The authors review current climate stress #scenarios employed by #regulators, highlighting the need to consider dynamic policy choices, better understand feedback loops between climate change and the economy, and explore compound #riskscenarios. They argue that more research is needed to identify channels through which plausible scenarios can impact credit risks, incorporate #bank-lending responses to #climaterisk, assess the adequacy of climate #riskpricing in #financialmarkets, and better understand the process of expectations formation around the realizations of climate risks.

"This article discusses the EFTA Court’s advisory opinion on the issue of whether real transactions, in the sense that they transfer expense and risk with full effect between independent parties, can constitute market manipulation. The aim of the article is to explore the reasoning by the court and then analyse and argue that such transactions (real ones) can indeed constitute market manipulation according to the 2014 Market Abuse Regulation (MAR) and MAD. The aim is also to analyse when real transactions constitute market manipulation."