We model a banker's future bonuses as a series of call options on the bank's profits and show that bonus caps and … the model to US banking data and show that lengthening the standard one-year bonus payment interval has no material impact …

theoretical background for the regulation of financial institutions, especially insurance and banking companies, and, finally …A topical concern in public-policy debate is that the current capital adequacy regulation designed for stand …

This article investigates the nexus of competition and stability in European banking. It analyzes the European legal … framework for competition policy in banking and several cases that pertain to anti-cartel policy, merger policy, and state …-aid control. It discusses whether and how competition policy should be amended in order to preserve the stability of the banking …

and the banking sector. The FSI is a composite index that combines information from these markets and provides a measure …

of financial companies with subprime asset exposure. The findings imply that such a regulation may mute the market …