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Palgrave Macmillan

Alternative Lending

Risks, Supervision, and Resolution of Debt Funds

  • Book
  • © 2022

Overview

Authors:
  1. Promitheas Peridis

    1. Luxembourg, Luxembourg

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  • Discusses the comparison between lending risk and regulatory tools in both banks and alternative investment funds
  • Offers a proposal for a new three-defensive framework applicable to debt funds and alternative lenders
  • Uses the emergence of Debt Alternative Investment Funds in the EU as a case study

Part of the book series: EBI Studies in Banking and Capital Markets Law (ESBCML)

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Table of contents (8 chapters)

  1. Front Matter

    Pages i-xix
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  2. Introduction

    • Promitheas Peridis
    Pages 1-8

  3. Alternative Lending and How to Regulate

    1. Front Matter

      Pages 9-9
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    2. Toward an EU Market-Based Financial System: The Emergence of Credit Alternative Investment Funds

      • Promitheas Peridis
      Pages 11-52

    3. The Need for Regulation: Innovation and Market Failure

      • Promitheas Peridis
      Pages 53-81

  4. AIF-Lending and Bank Lending Compared

    1. Front Matter

      Pages 83-83
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    2. Lending and Its Risks: A Comparison Between Banks and Alternative Investment Funds

      • Promitheas Peridis
      Pages 85-151

    3. Regulatory Tools to Deal with the Banking Lending Risks

      • Promitheas Peridis
      Pages 153-226

    4. Risk Management Tools in AIFs: The Case of AIFMD

      • Promitheas Peridis
      Pages 227-315

  5. The Policy Conclusions to Draw and Summary of the Book

    1. Front Matter

      Pages 317-317
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    2. Need for a New Regulation or Supervision and Resolution Regimes?

      • Promitheas Peridis
      Pages 319-416

    3. Concluding Remarks

      • Promitheas Peridis
      Pages 417-429

  6. Back Matter

    Pages 431-446
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Keywords

About this book

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 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.

Authors and Affiliations

  • Luxembourg, Luxembourg

    Promitheas Peridis

About the author

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.

Bibliographic Information

  • Book Title: Alternative Lending

  • Book Subtitle: Risks, Supervision, and Resolution of Debt Funds

  • Authors: Promitheas Peridis

  • Series Title: EBI Studies in Banking and Capital Markets Law

  • DOI: https://doi.org/10.1007/978-3-031-13471-5

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022

  • Hardcover ISBN: 978-3-031-13470-8Published: 01 October 2022

  • Softcover ISBN: 978-3-031-13473-9Published: 02 October 2023

  • eBook ISBN: 978-3-031-13471-5Published: 30 September 2022

  • Series ISSN: 2730-9088

  • Series E-ISSN: 2730-9096

  • Edition Number: 1

  • Number of Pages: XIX, 446

  • Number of Illustrations: 1 b/w illustrations, 2 illustrations in colour

  • Topics: Financial Services, Finance, general, Risk Management

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