Concurrent users
Unlimited
Authorized users
Authorized users
Document Delivery Supplied
Can lend chapters, not whole ebooks
Title
Alternative lending : risks, supervision, and resolution of debt funds / Promitheas Peridis.
ISBN
9783031134715 (electronic bk.)
3031134710 (electronic bk.)
3031134702
9783031134708
Published
Cham, Switzerland : Palgrave Macmillan, 2022.
Language
English
Description
1 online resource : illustrations (black and white).
Other Standard Identifiers
10.1007/978-3-031-13471-5 doi
Call Number
HG1641
Dewey Decimal Classification
332.7
Summary
The book covers alternative lending using the emergence of Debt Funds in the EU as a case study. The book explores the risks that they can pose to financial stability, and the regulatory and supervisory tools available to mitigate these risks. Through this analysis, the book uncovers the risks and potential risk mitigation tools that can be applied to the alternative lendersincluding debt funds and other potential alternative lenders. After identifying the reasons behind the growth of alternative lenders (using as example the assets of Alternative Investment Funds (AIFs) and in particular debt funds) and the simultaneous decrease of the banks assets, the book analyses the systemic importance of the alternative lenders and the risk channels through which the systemic risk can spread to the banking sector and the financial system. Then, the book deals with the financial innovation-market failure theory and demonstrates that financial innovations (e.g. debt funds, securitisations) can cause market failures, resulting in regulatory interventions. Of interest to banking and financial regulation academics, researchers, and practitioners this book analyses the regulatory provisions in place for both credit institutions and debt funds, including the Basel Accords, the Capital Requirements Directives and Regulations, and the Alternative Investment Fund Managers Directive (AIFMD) and its implementation in various EU jurisdictions, before offering a proposal for a new three-defensive framework applicable to debt funds and to other potential alternative lenders Promitheas Peridis is a senior associate in the advisory compliance department of a major financial institution (Asset Management) in Luxembourg. He specialises and advises on the whole spectrum of Alternative Investment Funds. He holds a PhD in Law from the European University Institute (EUI) with a specialisation in Alternative Investment Funds, a LLM in Comparative, European and International Law from the European University Institute (EUI), a LLM in International Banking Law and Finance from the University of Edinburgh and a LLM in German Law with specialisation in Financial Criminal Law from the Ludwig Maximilians University of Munich. He also teaches seminars on investment funds law and capital market law at several universities.
Bibliography, etc. Note
Includes bibliographical references and index.
Access Note
Access limited to authorized users.
Source of Description
Description based on print version record.
Series
EBI studies in banking and capital markets law.
Chapter 1: Introduction
Part I: Alternative Lending and How to Regulate
Chapter 2: Towards an EU market-based financial system: The emergence of Credit Alternative Investment Funds
Chapter 3: The need for regulation: Innovation and Market Failure
Part II: AIF-Lending and Bank Lending Compared
Chapter 4: Lending and its risks: A comparison between Banks and Alternative Investment Funds
Chapter 5: Regulatory tools to deal with the banking lending risks
Chapter 6: Risk Management Tools in AIFs: The case of AIFMD
Part III: The Policy Conclusions to Draw and Summary of the Book
Chapter 7: Need for a new regulation or supervision and resolution regimes?
Chapter 8: Concluding Remarks.
