This paper examines changes in bank capital and capital regulations since the global financial crisis, in the Europe … of the definition of Tier 1 capital and reduction in risk-weights. Further analyses show that bank risk in Europe and …

divert attention from the underlying breakdown of incentives. Incentive conflicts explain how securitization went wrong, why … transparency and accountability in government and industry alike. "--World Bank web site …

economies, which may reduce bank balance sheet transparency and increase risks. Using Cox proportional hazards and Poisson …