{"id":113426,"date":"2024-01-22T18:32:52","date_gmt":"2024-01-22T17:32:52","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/113426\/"},"modified":"2024-11-07T04:13:03","modified_gmt":"2024-11-07T03:13:03","slug":"finanzmarktregulierung","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/113426\/","title":{"rendered":"Financial Market Regulation"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-113426","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The international financial crisis has shaken the confidence in the competence of financial supervisory authorities. In the light of massive system failures, the principles of financial supervision should be fundamentally revised. The experience of the current crisis has led to the consensus that the existing regulatory framework needs to be reinforced by more efficient macro-oriented control and steering elements. From a supervisory perspective, the systemic risk originating from internationally active banks or globally active hedge funds could be effectively controlled by imposing a much higher minimum capital requirement compared to banks operating only in the domestic market. The higher regulatory equity capital requirements ensure that the major banks carry at least part of the systemic risks that they create. A significant role in the re-orientation of banking supervision will also be played by the financial stability policy. A stronger integration of a forward-looking strategic banking supervision and banking surveillance policy into the stability strategies of monetary policy would significantly increase the effectiveness of central banks and banking supervision.","onlinedate":"2009-12-21 01:00:00","lang":"German","publication_series":"","publication_date":"20091201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Finanzmarktkrise Finanzmarktaufsicht\"]","jelcodes":"[]","related_publications":"[]","pdf":335715,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"82","monthly_report_pages":"951-954","monthly_report_pages_sort":"951","issue":"12","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3500],"collaboration":"","persons":[3925],"persons_data":"[{\"personId\":3925,\"personName\":\"Franz R. Hahn\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Hahn, F. R.<\\\/span> (2009). <span>Finanzmarktregulierung<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>82<\\\/em>(12), 951-954. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/37846\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/37846<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Hahn FR<\\\/span>. <span class=\\\"title\\\"><span>Finanzmarktregulierung<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 2009 Dec;82(12):951-954.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{9f814977690e4d588776e7135c6fadcd,<\\\/div><div>  title    = \\\"Finanzmarktregulierung\\\",<\\\/div><div>  abstract = \\\"Seit Ausbruch der aktuellen Bankenkrise wurden viele Vorschl{\\\\\\\"a}ge zur Verbesserung des Finanzsystems entwickelt. Im Mittelpunkt steht die Neuorientierung der Banken- und Finanzmarktregulierung. Dabei besteht Konsens, dass der Regulierungsrahmen k{\\\\\\\"u}nftig durch makro-orientierte Kontroll- und Steuerungselemente verst{\\\\\\\"a}rkt werden muss.\\\",<\\\/div><div>  keywords = \\\"Finanzmarktkrise Finanzmarktaufsicht, Finanzmarktkrise Finanzmarktaufsicht\\\",<\\\/div><div>  author   = \\\"Hahn, \\\\{Franz R.\\\\}\\\",<\\\/div><div>  note     = \\\"Finanzmarktkrise Regulierung\\\",<\\\/div><div>  year     = \\\"2009\\\",<\\\/div><div>  month    = dec,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"82\\\",<\\\/div><div>  pages    = \\\"951--954\\\",<\\\/div><div>  journal  = \\\"WIFO-Monatsberichte\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Finanzmarktregulierung<\\\/p><p>AU  - Hahn, Franz R.<\\\/p><p>N1  - Finanzmarktkrise Regulierung<\\\/p><p>PY  - 2009\\\/12<\\\/p><p>Y1  - 2009\\\/12<\\\/p><p>N2  - Seit Ausbruch der aktuellen Bankenkrise wurden viele Vorschl\u00e4ge zur Verbesserung des Finanzsystems entwickelt. Im Mittelpunkt steht die Neuorientierung der Banken- und Finanzmarktregulierung. Dabei besteht Konsens, dass der Regulierungsrahmen k\u00fcnftig durch makro-orientierte Kontroll- und Steuerungselemente verst\u00e4rkt werden muss.<\\\/p><p>AB  - Seit Ausbruch der aktuellen Bankenkrise wurden viele Vorschl\u00e4ge zur Verbesserung des Finanzsystems entwickelt. Im Mittelpunkt steht die Neuorientierung der Banken- und Finanzmarktregulierung. Dabei besteht Konsens, dass der Regulierungsrahmen k\u00fcnftig durch makro-orientierte Kontroll- und Steuerungselemente verst\u00e4rkt werden muss.<\\\/p><p>KW  - Finanzmarktkrise Finanzmarktaufsicht<\\\/p><p>KW  - Finanzmarktkrise Finanzmarktaufsicht<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 82<\\\/p><p>SP  - 951<\\\/p><p>EP  - 954<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.3 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Financial Market Regulation - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/113426\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Market Regulation\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/113426\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-07T03:13:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/113426\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/113426\\\/\",\"name\":\"Financial Market Regulation - 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