Epistemic contestation and interagency conflict: The challenge of regulating investment funds
نویسندگان
چکیده
Scholarship on regulating global finance emphasizes the importance of national and bureaucratic interests, but less attention has been devoted to epistemic sources regulatory conflict. We address this by analyzing failure regulators agree tougher rules for large investment funds after 2008 crisis. The article suggests outcome was result contestation between prudential securities regulators, rooted in divergent interpretive “frames.” show that US EU pushed entity-based regulation escalating issue standard-setting bodies. But successfully resisted exercised authority through recursive practices—appeals expertise, jurisdictional claims, alliance building—to defend their transaction-based approach. demonstrates how an interpretivist perspective can provide new insights into inter-agency conflict disputes other policy fields.
منابع مشابه
epistemic modality in english and persian academic writing: a cross-linguistic study of genre on the notion of transfer
چکیده حیطه ی نوشتار دانشگاهی اخیرا شاهد تغییرات عمده ای از غیرشخصی بودن (عینی بودن) به شخصی بودن بوده است. شخصی بودن متون دانشگاهی اهمیت استفاده از وجهیت معرفتی را برجسته می سازد چرا که? وجهیت معرفتی? بر اساس یکی از تعاریف ارائه شده از این مقوله? ارتباط تنگاتنگی با شخصی بودن داشته و به عنوان بیان نظر شخصی گوینده در مورد جز گزاره ای گفته در نظر گرفته میشود. بنابراین? با در نظر داشتن نقاط مشترک...
15 صفحه اولThe Investment Strategies of Sovereign Wealth Funds
This paper examines the direct private equity investment strategies across sovereign wealth funds and their relationship to the funds’ organizational structures. SWFs seem to engage in a form of trend chasing, since they are more likely to invest at home when domestic equity prices are higher, and invest abroad when foreign prices are higher. Funds see the industry P/E ratios of their home inve...
متن کاملAppraising the Effect of Internal and External Organization Factors on Investment Mutual Funds' Return In Iran
One of the main functionalities of capital market is to improve liquidityin the market which provides security for the investors. Mutual funds aremodern financial institutions which are designed with the aim of collectingfunds from investors and devote them to buy a variety of securities inorder to mitigate investment risks, exploit the economies of scale andfinally create a reasonable return f...
متن کاملFinancial contagion in investment funds
Many new models for measuring financial contagion have been presented recently. While these models have not been specified for investment funds directly, there are many similarities that could be explored to extend the models. In this work we explore ideas developed about financial contagion to create a network of investment funds using both cross-holding of quotas and a bipartite network of fu...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Regulation & Governance
سال: 2022
ISSN: ['1748-5991', '1748-5983']
DOI: https://doi.org/10.1111/rego.12457