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Have credit rating agencies become more stringent towards Japanese regional banks?

Kondo, Kazumine - Volkswirtschaftliche Fakultät, … - 2011

This article investigates empirically whether foreign and domestic credit rating agencies tightened their standards for evaluating Japanese regional banks from 2000 to 2009. We extend and enhance previous studies, including Gonis and Taylor (2009), by estimating an ordered probit model using...

Persistent link: https://www.econbiz.de/10009004159

Successfully implementing major financial stability regulatory reforms: the risk weighting based controversy (Basel v Dodd Frank) and the role of national supervisors

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2011

As well as a consideration of the role contributed by national supervisors in the successful implementation and enforcement of standards, recommendations and regulations, the significance of clear and unambiguous mandates in enhancing communication between micro prudential supervisors (usually...

Persistent link: https://www.econbiz.de/10009147711

All Things Considered: The Interaction of the Reasons for the Financial Crisis

Rioja, Abdala; E, Yamile - Volkswirtschaftliche Fakultät, … - 2011

The present paper reviews the causes that led to the financial crisis. Unlike other interpretations, this paper does not place main significance on a single source or on a set of causes. I consider all major standpoints highlighted by research and media prior, during and after the financial...

Persistent link: https://www.econbiz.de/10009294924

Basel III – responses to consultative documents, vital aspects of the consultative processes and the journey culminating in the present framework (Part 1)

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2011

liquidity risk measurement, standards and monitoring and, the countercyclical capital buffer proposal. Whilst the capital …

Persistent link: https://www.econbiz.de/10009283808

Achieving an adequate balance between the level of complexity, objectivity and comparability which is required within the capital framework: credit ratings and the Standardized App...

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2014

assessment of credit risk. The criteria required to be satisfied by credit rating agencies, namely: objectivity, independence … statements, market prices of a firm’s debt and equity, and appraisals of the firm’s prospects and risk sufficiently indicative as … achieving a balance between risk-sensitivity and comparability. The Basel III leverage ratios also being crucial to achieving an …

Persistent link: https://www.econbiz.de/10011111545

What Promotes Japanese Regional Banks to Disclose Credit Ratings Voluntarily?

Kondo, Kazumine - Volkswirtschaftliche Fakultät, … - 2010

This paper examines what types of Japanese regional banks are more likely to obtain credit ratings at the present time when disclosures by financial institutions are becoming more and more important. We found that banks in more competitive markets, those that have larger assets, and those whose...

Persistent link: https://www.econbiz.de/10008596358

Harmonising Basel III and the Dodd Frank Act

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2011

This paper aims to highlight why the harmonization of two major legislative frameworks, namely, Basel III and the Dodd Frank Act, will contribute immensely to resolving future global as well as regional financial crises. More specifically, the paper also aims to highlight the significance and...

Persistent link: https://www.econbiz.de/10009402049

Rating the Rating Agencies

Reinhart, Carmen; Goldstein, Morris; Kaminsky, Graciela - Volkswirtschaftliche Fakultät, … - 2000

In this study, we begin by assessing the ability of sovereign credit ratings to anticipate crises. In addition, given the wave of sovereign credit ratings downgrades that have followed the crises in Asia, we investigate formally the extent to which credit ratings are reactive. Along the way, we...

Persistent link: https://www.econbiz.de/10008531919

Do S&P's Corporate Ratings Reflect Credit Shocks?

Elsas, Ralf; Sabine, Mielert - Volkswirtschaftliche Fakultät, … - 2009

Persistent link: https://www.econbiz.de/10004981627

Credit Ratings in the Japanese Bond Market

Yamori, Nobuyoshi; Nishigaki, Narunto; Asai, Yoshihiro - Volkswirtschaftliche Fakultät, … - 2006

Recently, credit ratings have been enhancing the influence on issuers as well as the national economy. This paper explains the historical development and several current features of the Japanese bond market, and discusses why credit ratings gained a significant role in the 1990s. We also present...

Persistent link: https://www.econbiz.de/10005105705

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