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The cyclical behaviour of European bank capital buffers
Jokipii, Terhi; Milne, Alistair - Suomen Pankki - 2006
Using an unbalanced panel of commercial, savings and co-operative banks for the years 1997 to 2004 we examine the cyclical behaviour of European bank capital buffers. After controlling for other potential de-terminants of bank capital, we find that capital buffers of the banks in the accession...
Persistent link: https://www.econbiz.de/10005648921
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Shadow banking : financial intermediation beyond banks
Adrian, Tobias; Chrétien, Edouard; Chui, Michael; … - Shadow Banking: Financial Intermediation beyond Banks …; … - 2018
Persistent link: https://www.econbiz.de/10011790739
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Should competition policy in banking be amended during crises? Lessons from the EU
Hasan, Iftekhar; Marinc, Matej - Suomen Pankki - 2013
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...
Persistent link: https://www.econbiz.de/10010818987
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99.9% – really?
Kiema, Ilkka; Jokivuolle, Esa - Suomen Pankki - 2013
The aim of the Internal Ratings Based Approach (IRBA) of Basel II was that capital suffices for unexpected losses with at least a 99.9% probability. However, because only a fraction of the required regulatory capital (a quarter to a half) had to be loss absorbing capital, the actual solvency...
Persistent link: https://www.econbiz.de/10010699286
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Banking after regulatory reforms - business as usual? : a joint publication with the Bank of Finland
Jokivuolle, Esa (ed., introduction);  … - SUERF/Bank of Finland Conference Banking after …; … - 2014
The 5th joint SUERF/Bank of Finland joint conference was held in Helsinki on 13 June 2013. The general theme of the conference was to focus on the regulatory reforms after the global financial crisis and, in particular, how structural reforms of banking ("Volcker, Vickers and Liikanen") could...
Persistent link: https://www.econbiz.de/10011711934
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Bank ownership structure, SME lending and local credit markets
Hasan, Iftekhar; Jackowicz, Krzysztof; Kowalewski, Oskar; … - Suomen Pankki - 2014
In this paper, by employing a novel approach, we study the relationship between bank type and small-business lending in a post-transition country. Using a unique dataset on bank branches and firm-level data, we find that local cooperative banks lend more to small businesses than do large...
Persistent link: https://www.econbiz.de/10010945118
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Screening in the credit market when the collateral value is stochastic
Niinimäki, Juha-Pekka - Suomen Pankki - 2009
project success fluctuate. Some model versions challenge the classic findings of Bester (1985) by showing that high-risk … borrowers may in such case be more willing to pledge collateral than low-risk borrowers. Abundant collateral then would not … signal low risk. The results may help explain the mixed empirical findings on the role of collateral. The paper also extends …
Persistent link: https://www.econbiz.de/10005014554
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Optimal bank transparency
Moreno, Diego; Takalo, Tuomas - Suomen Pankki - 2012
of social externalities of bank failures further lowers the optimal level of transparency. Moreover, asset risk taking … on refinancing risk, it is negative given the risk associated with the asset, but ambiguous if one accounts for its … indirect effect via risk taking. …
Persistent link: https://www.econbiz.de/10009651893
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Subordinated debt, market discipline, and bank risk
Chen, Yehning; Hasan, Iftekhar - Suomen Pankki - 2011
-destroying actions to benefit themselves, but may also encourage banks to lower asset risk. It shows that subdebt regulation and bank …
Persistent link: https://www.econbiz.de/10009358951
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Predicting rating changes for banks: How accurate are accounting and stock market indicators?
Distinguin, Isabelle; Hasan, Iftekhar; Tarazi, Amine - Suomen Pankki - 2012
We aim to assess how accurately accounting and stock market indicators predict rating changes for Asian banks. We conduct a stepwise process to determine the optimal set of early indicators by tracing upgrades and downgrades from rating agencies, as well as other relevant factors. Our results...
Persistent link: https://www.econbiz.de/10010548598