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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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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 …
Persistent link: https://www.econbiz.de/10011711934
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Integration of financial supervision
Holopainen, Helena - Suomen Pankki - 2007
The emergence of financial conglomerates and multinational financial institutions as well as the development of new financial products have raised concerns as to the ability of separate sectoral supervisors and different national authorities to effectively oversee financial markets....
Persistent link: https://www.econbiz.de/10005190747
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Effects of unobserved defaults on correlation between probability of default and loss given default on mortgage loans
Palmroos, Peter - Suomen Pankki - 2009
This paper demonstrates how the observed correlation between probability of default and loss given default depends on the fact that defaults in which collateral provides 100% recovery are not observed. Creditors see only the defaults of mortgagors who suffer from a fall in collateral value to...
Persistent link: https://www.econbiz.de/10005648994
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Crisis performance of European banks – does management ownership matter?
Westman, Hanna - Suomen Pankki - 2014
Failure in bank corporate governance has been seen as a contributing factor to excessive risk-taking pre-crisis with … managerial incentives on bank crisis performance is scarce. Moreover, bank strategy has not previously been accounted for. Hence …
Persistent link: https://www.econbiz.de/10011082590
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Promoting efficient retail payments in Europe
Hasan, Iftekhar; Martikainen, Emmi; Takalo, Tuomas - Suomen Pankki - 2014
competition and consumer protection policies as well as direct interventions discouraging large value cash payments would be …
Persistent link: https://www.econbiz.de/10011201806
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Risk-based classification of financial instruments in the Finnish statutory pension scheme TyEL
Tanskanen, Antti J; Niininen, Petri; Vatanen, Kari - Suomen Pankki - 2010
Sufficient solvency of a pension insurance company responsible for defined-benefit pensions guarantees that the pensions are paid regardless of turbulence in the financial market. In the Finnish occupational pension system TyEL, the required level of solvency capital (solvency limit) and its...
Persistent link: https://www.econbiz.de/10008516093
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Equilibrium in financial markets with adverse selection
Takalo, Tuomas; Toivanen, Otto - Suomen Pankki - 2003
We study a financial market adverse selection model where all agents are endowed with initial wealth and choose to invest as entrepreneurs or financiers, or not to invest. We show that often a lack of outside finance leads to the emergence of financial markets where availability of outside...
Persistent link: https://www.econbiz.de/10005648911
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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 … domestic banks. Our results are important from a policy perspective, as they show that foreign bank entry and industry …
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
This theoretical paper explores screening with loan collateral when both the collateral value and the probability of 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...
Persistent link: https://www.econbiz.de/10005014554