This paper discusses the economic impact of the Basel III reforms to banking regulation. We find that the long-term impact should be much less than many in the industry fear but the required accompanying changes to business models, business processes and governance, need to be carefully managed...

This paper applies a simple liquidity modelling framework and shows that forced asset sales ('fire-sale') provide an alternative theoretical support to the traditional view that bank competition can lead to financial instability. This arises from the fact that in a multi-bank economy, a bank can...

We examine the global legal entity identifier (LEI) system for the identification of participants in financial markets. Semi-structured interviews with data professionals revealed the many ways in which the LEI can improve both business process efficiency, and counterparty and credit risk...

We examine the global legal entity identifier (LEI) system for the identification of participants in financial markets. Semi-structured interviews with data professionals revealed the many ways in which the LEI can improve both business process efficiency, and counterparty and credit risk...

The objective of this paper is to compare, based on a theoretical framework, the value created in different banking structures. We construct a simple model to characterise a banking group that consists two different subsidiary banks. The model distinguishes safe utility subsidiary bank from...

We examine the global legal entity identifier (LEI) system for the identification of participants in financial markets. Interviews with data professionals reveal substantial private benefits from using LEI to improve efficiency of business processes and smaller private benefits in counterparty...