LEADER 05016nam 22005895 450 001 9910616382203321 005 20230810180014.0 010 $a9783031134715$b(electronic bk.) 010 $z9783031134708 024 7 $a10.1007/978-3-031-13471-5 035 $a(MiAaPQ)EBC7102662 035 $a(Au-PeEL)EBL7102662 035 $a(CKB)24959555500041 035 $a(DE-He213)978-3-031-13471-5 035 $a(EXLCZ)9924959555500041 100 $a20220930d2022 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aAlternative Lending $eRisks, Supervision, and Resolution of Debt Funds /$fby Promitheas Peridis 205 $a1st ed. 2022. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2022. 215 $a1 online resource (455 pages) 225 1 $aEBI Studies in Banking and Capital Markets Law,$x2730-9096 311 08$aPrint version: Peridis, Promitheas Alternative Lending Cham : Springer International Publishing AG,c2022 9783031134708 320 $aIncludes bibliographical references and index. 327 $aChapter 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. 330 $aThe 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 lenders?including 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. 410 0$aEBI Studies in Banking and Capital Markets Law,$x2730-9096 606 $aFinancial services industry 606 $aFinance$xLaw and legislation 606 $aFinancial risk management 606 $aFinancial Services 606 $aFinancial Law 606 $aRisk Management 615 0$aFinancial services industry. 615 0$aFinance$xLaw and legislation. 615 0$aFinancial risk management. 615 14$aFinancial Services. 615 24$aFinancial Law. 615 24$aRisk Management. 676 $a160.5 676 $a332.7 700 $aPeridis$b Promitheas$01262304 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 912 $a9910616382203321 996 $aAlternative Lending$92950569 997 $aUNINA