' liabilities, and argue that they are unlikely to improve bank boards' effectiveness or prevent excessive risk-taking. We criticize …, the European Union has engaged in an ambitious overhaul of banking regulation. One of its centerpieces, the 2013 Fourth … banks. We focus on the provisions that are aimed at reshaping bank boards' composition, functioning, and their members …

This is a chapter for a forthcoming volume Oxford Handbook of Financial Regulation (Oxford University Press 2014) (eds …. Eilís Ferran, Niamh Moloney, and Jennifer Payne). It provides an overview of EU financial regulation from the first banking … the accommodation of cross-border capital flows and their regulation necessarily require an orchestration of the …

, liquidity management, and synergy improvements that reduce risk. The outcomes of such trade-offs may depend on bank governance … this type of complexity, leading to a decrease in systemic risk and an increase in liquidity risk among BHCs. While bank …Bank holding companies (BHCs) can be complex organizations, conducting multiple lines of business through many distinct …

addressed by an approach to financial regulation that imports its functional foundations more vigorously into the interpretation … and implementation of existing rules. It shows that the general policy goals of prudential banking regulation remain …

detailed, specific, and data-driven rules that clearly delineate firms or activities that do, or do not, pose systemic risk …

risk premium that must go down if banks have more equity. It is thus incorrect to assume that the required return on equity … empirical support. We conclude that bank equity is not socially expensive, and that high leverage at the levels allowed, for … challenges are addressed, capital regulation can be a powerful tool for enhancing the role of banks in the economy. …

, regulation and supervision cannot achieve zero failure regimes. Banks fail like any other commercial entities, and will continue … to fail. Failure of a bank may trigger formal insolvency (resolution) proceedings, if there is no available option to … save it as a going concern. Bank insolvency proceedings comprise various mechanisms, instruments, and transactions to …

In the aftermath of the global financial crisis the EU bank resolution regime went through fundamental changes that … rules applicable to non-financial enterprises. Unlike bank resolution with its macroprudential and proactive focus …, insolvency law has largely remained microprudential and reactive.Admittedly, unlike bank failures, corporate insolvencies usually …