Climate Sentiments in the Financial Sector: How Financial Markets, Policies and Regulations Generate Barriers and Opportunities to Align Portfolios to Sustainability

2020 ◽  
Author(s):  
Irene Monasterolo ◽  
Natalie Glas ◽  
Sabine Kunesch
Keyword(s):  
Financial Markets ◽  
Financial Sector ◽  
Barriers And Opportunities

scholarly journals Analysis And Directions Of Development Of The Practice Of Attracting Capital From The Financial Market Of Joint-Stock Companies. Evidence From Uzbekistan

2020 ◽  
Vol 02 (12) ◽  
pp. 136-144
Author(s):  
Buvsara Tashmuradova ◽  
◽  
Omonullo Hamdamov ◽  
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Financial Sector ◽  
Economic Importance ◽  
Current Situation ◽  
Financial Resources ◽  
International Financial Markets ◽  
The Republic ◽  
National Practice

The paper describes the economic importance of attracting financial resources from the national and international financial markets by joint stock companies operating in the Republic of Uzbekistan. The current situation with the attraction of capital from the international financial markets by companies in the financial sector has been analyzed and key conclusions have been drawn. In national practice, the existing shortcomings in the financing of companies on the basis of debt instruments have been studied and scientific proposals have been developed to address them.

scholarly journals The Financial Implications of the Coronavirus COVID-19 Pandemic: A Review

2021 ◽  
Vol 39 (68) ◽  
Author(s):  
Ilmir Nusratullin ◽  
Nikolay Mrochkovskiy ◽  
Raul Yarullin ◽  
Natalia Zamyatina ◽  
Oksana Solntseva
Keyword(s):  
Financial Markets ◽  
Government Regulation ◽  
Financial Sector ◽  
Developed Countries ◽  
Securities Markets ◽  
Bank Deposits ◽  
Economic Shock ◽  
Spread Of Infection ◽  
The Impact ◽  
Increased Pressure

The COVID-19 pandemic in 2020 was a real shock to the entire global community. It hit both the health systems of the infected countries and the economies. Border closures, quarantines for citizens and disruption of production caused economic shock to many organizations. First, the tourism and transport industry suffered, followed by agriculture and mining, and then all other industries. However, the economic crisis also caused some problems in the financial sector: increased risks of non-compliance with loans, cash outs of bank deposits, increased pressure on the insurance market, panic in commodity and securities markets. The purpose of this study is to examine the impact of COVID-19 on the financial system of developed countries. As part of this study, a review of scientific research in the field of pandemics and finances was conducted, how the spread of infection affected the economy, banking, financial markets, and government regulation in the financial sector as a whole.

Transparency Regulation in Financial Markets – Moving into the Surveillance Age?

2011 ◽  
Vol 2 (3) ◽  
pp. 305-321
Author(s):  
Iris H-Y Chiu
Keyword(s):  
Financial Crisis ◽  
Financial Markets ◽  
Financial Regulation ◽  
Global Financial Crisis ◽  
Financial Sector ◽  
Regulatory Control ◽  
Legal Reforms ◽  
The Global Financial Crisis ◽  
Risk Oversight

In the wake of the global financial crisis, the trajectory of legal reforms is likely to turn towards more transparency regulation. This article argues that transparency regulation will take on a new role of surveillance as intelligence and data mining expand in the wholesale financial sector, supporting the creation of designated systemic risk oversight regulators.The role of market discipline, which has been acknowledged to be weak leading up to the financial crisis, is likely to be eclipsed by a more technocratic governance in the financial sector. In this article, however, concerns are raised about the expansion of technocratic surveillance and whether financial sector participants would internalise the discipline of regulatory control. Certain endemic features of the financial sector will pose challenges for financial regulation even in the surveillance age.

Financial System Reform: Regulatory Structure, Financial Safety, Systemic Stability and Competition Policy

1997 ◽  
Vol 8 (2) ◽  
pp. 318-332 ◽  
Author(s):  
Warren Hogan ◽  
Ian G. Sharpe
Keyword(s):  
Financial Markets ◽  
Competition Policy ◽  
Financial System ◽  
Financial Sector ◽  
System Reform ◽  
Regulatory Structure ◽  
Markets And Institutions

The paper provides an assessment of the recommendations of the Financial System Inquiry and the Government's reform proposals relating to the regulatory structure, financial safety and the mega-prudential regulator, systemic stability, and competition policy in the financial sector. It is argued that key reform proposals are based on explicit or implicit assumptions relating to the workings of financial markets and institutions. The Report fails to test those assumptions against contemporary and prospective circumstances to determine the practical worth of the recommendations.

The Collateral Composition Channel

2020 ◽  
Vol 12 (1) ◽  
pp. 41-75
Author(s):  
Frédéric Boissay ◽  
Russell Cooper
Keyword(s):  
Financial Markets ◽  
Large Volume ◽  
Financial Sector ◽  
Cash Flows ◽  
Creation Process ◽  
Collateral Constraints ◽  
Incentive Problems ◽  
The Cost ◽  
Asset Creation

Wholesale financial markets reallocate deposits. Because of incentive problems, these flows are limited by endogenous collateral constraints. The composition of collateral matters. The use of inside collateral creates a “collateral pyramid”: cash flows from one loan are pledged to secure another. Outside collateral, such as treasuries, stabilizes the pyramid. Through collateral pyramids the financial sector sustains a large volume of reallocation across banks, but at the cost of systemic panics. During panics, the safe asset creation process stalls, the pyramid collapses, collateral becomes scarce. Markets are more fragile when loans are secured by inside collateral. (JEL E32, E44, G01, G21)

Prospects for Turkey in the second quarter

2015 ◽  
Keyword(s):  
Financial Markets ◽  
Financial Sector ◽  
The Political ◽  
Content Type ◽  
The Past ◽  
Political Crises ◽  
Wait And See ◽  
Election Victory ◽  
Legitimacy Crisis ◽  
Legislative Election

Subject Prospects for Turkey in the second quarter. Significance President Recep Tayyip Erdogan and the Justice and Development Party (AKP) have survived the political crises of the past year with little damage and, short of a substantial economic or legitimacy crisis, will likely score another legislative election victory on June 7. Businesses, the financial sector and households are all likely to remain in wait-and-see mode, and financial markets to be jittery.

Financial Structure and Incentives

2012 ◽  
Vol 221 ◽  
pp. R23-R30
Author(s):  
Martin Čihák ◽  
Asli Demirgüç-Kunt
Keyword(s):  
Financial Markets ◽  
Financial Institutions ◽  
Risk Taking ◽  
Global Financial Crisis ◽  
Financial Sector ◽  
Financial Systems ◽  
Regulatory Approach ◽  
Private Incentives ◽  
The Global Financial Crisis

The article connects two streams of recent research on the financial sector. The first is the regulation literature, which emphasises the central role of incentives in the financial sector. It points out that the challenge of financial sector regulation, highlighted by the global financial crisis, is to align private incentives with public interest without taxing or subsidising private risk-taking. The second stream of research relates to financial structures and examines the mix of financial institutions and financial markets in an economy. It finds that, as economies develop, services provided by financial markets become comparatively more important than those provided by banks. The article brings these two streams together, pointing out that — as financial systems develop from bank-based to market-based — a traditional regulatory approach that relies on banking ratios becomes less effective. There is thus a greater need for properly monitoring and addressing the underlying incentive weaknesses in market-based systems.

Relationships of collapse: network brokerage, opportunism and fraud in financial markets

2017 ◽  
Vol 44 (12) ◽  
pp. 2097-2111 ◽  
Author(s):  
Bryce Hannibal ◽  
Hiroshi Ono
Keyword(s):  
Financial Markets ◽  
Social Relations ◽  
Financial Sector ◽  
Theoretic Approach ◽  
Network Ties ◽  
Wall Street ◽  
Content Type ◽  
Network Characteristics ◽  
Network Location ◽  
Telecommunications Market

Purpose This paper explores the social-behavioral aspects of financial markets. The purpose of this paper is to examine the role of social relations and networks which contributed to the market crash in the US telecommunications sector in the late 1990s. Design/methodology/approach A network theoretic approach is used to examine historical qualitative data. The authors suggest that the network characteristics of financial intermediaries allowed security analysts to control and manipulate information that was disclosed to the investing public. Findings The authors find evidence that brokerage locations in the network of actors within the telecommunications market allowed select individuals opportunities to engage in unethical behavior and malfeasance. The authors further highlight the harmful effects of over-embeddedness by illustrating that strong and dense network ties within the financial sector were exploited to distort the flow and reliability of information. The paper concludes with a note on the generalizability of this study and an examination of the current economic-legal structure of Wall Street. Originality/value Recently, some economists and network scholars have begun examining social relations more thoroughly in the financial sector. This paper is one of the first that focuses specifically on the role and network location of research analysts prior to a market collapse.

scholarly journals Financial Markets and the Global Debt Crisis: Toward a New Architecture for A More Reliable Financial Sector

Norteamérica ◽  
2014 ◽  
Vol 9 (1) ◽  
pp. 79-107 ◽  
Author(s):  
Hans-Georg Petersen ◽  
◽  
Alexander Martin Wiegelmann
Keyword(s):  
Financial Markets ◽  
Debt Crisis ◽  
Financial Sector

scholarly journals Financial sector development convergence in Africa: Evidence from bank- and market-based measures

2019 ◽  
Vol 8 (4) ◽  
pp. 166 ◽  
Author(s):  
Yakubu Awudu Sare ◽  
Eric Evans Osei Opoku ◽  
Muazu Ibrahim ◽  
Isaac Koomson
Keyword(s):  
Financial Markets ◽  
Financial Development ◽  
Generalized Method Of Moments ◽  
Financial Sector ◽  
Developed Countries ◽  
African Countries ◽  
Development Indicators ◽  
Developed Economies ◽  
Financial Sector Development ◽  
Catch Up

In this paper, we employ data from 46 African countries over the period 1980–2014 to examine financial sector development convergence, using bank- and market-based measures of financial development. Within the framework of the generalized method of moments (GMM), we present evidence that both the bank– and market–based financial sector development in Africa diverge over time. However, we find strong evidence of financial development divergence when using bank-based financial sector development indicators whereas this evidence is weaker for market-based indicators. Given the divergence in the level of finance, the gap between countries with underdeveloped and well–developed financial markets will continue to widen as financially less developed countries do not appear to catch-up with the financially more developed economies.  Keywords: Financial development; divergence, convergence, AfricaJEL Classification: F15, F36, G01, O55

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