Thanks to Joe’s great efforts to navigate us through the ocean of unknown, extracting tangible benefits from our Friday’s seminars, I turned to the Foundation. I started with the building blocks: the Categories, or “what we are talking about.” In Aristotle's logic, categories are adjuncts to reasoning that are designed to resolve equivocations. An equivocation is a variation in meaning, as Aristotle puts it: "Things are said to be named ‘equivocally’ when, though they have a common name, the definition corresponding with the name differs for each". In his view categorizing the object of study was the way to prepare it for the application of logical laws.
I study the impact of financial markets on law and regulation and regulatory response to market developments in the narrow focus of the money market fund (MMF) industry. MMFs that started as a U.S. phenomenon in
Following up on our previous discussions, I’d like to share my article that focuses on the recent initiative undertaken by the Committee of European Securities Regulators to execute on the de Larosière’s report recommendations in introducing a common definition for European MMFs. The paper is an initial step in my much larger research project, which starts with an attempt to define MMFs as a subject of regulation.
The paper can be accessed following the link: