Showing 1 - 10 of 165
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
We develop a new identification strategy to evaluate the impact of the geographic expansion of bank holding company … (BHC) assets across U.S. metropolitan statistical areas (MSAs) on BHC risk. We find that the geographic expansion of bank …
Persistent link: https://www.econbiz.de/10013040486
the recent financial crisis to identify bank specific factors that determine risk. We find that systemic risk grows with … bank size and is inversely related to bank capital, and this effect exists above and beyond the effect of bank size and … capital on standalone bank risk. Our results contribute to the ongoing debate on the merits of imposing systemic risk …
Persistent link: https://www.econbiz.de/10013045800
to individual banks in the Merton tradition (1974) as a combination put option for the deep tail of bank losses and a … knock-in stop-loss call on bank assets. This model expresses the value of taxpayer loss exposure from a string of defaults … as the value of this combination option written on the portfolio of industry assets. The exercise price of the call is …
Persistent link: https://www.econbiz.de/10013037014
greater insider ownership leads to less equity issuances. Several tests are consistent with the view that bank insiders are … between bank equity and lending, the results stress that ownership structure can shape the resilience of banks—and hence the …
Persistent link: https://www.econbiz.de/10013243792
greater insider ownership leads to less equity issuances. Several tests are consistent with the view that bank insiders are … between bank equity and lending, the results stress that ownership structure can shape the resilience of banks — and hence the …
Persistent link: https://www.econbiz.de/10012830720
greater insider ownership leads to less equity issuances. Several tests are consistent with the view that bank insiders are … between bank equity and lending, the results stress that ownership structure can shape the resilience of banks-and hence the …
Persistent link: https://www.econbiz.de/10012418825
transitioning to higher bank capital may be substantial, which calls for a careful timing of such transition …
Persistent link: https://www.econbiz.de/10012983286
to individual banks in the Merton tradition (1974) as a combination put option for the deep tail of bank losses and a … knock-in stop-loss call on bank assets. This model expresses the value of taxpayer loss exposure from a string of defaults … as the value of this combination option written on the portfolio of industry assets. The exercise price of the call is …
Persistent link: https://www.econbiz.de/10013017765
to individual banks in the Merton tradition (1974) as a combination put option for the deep tail of bank losses and a … knock-in stop-loss call on bank assets. This model expresses the value of taxpayer loss exposure from a string of defaults … as the value of this combination option written on the portfolio of industry assets. The exercise price of the call is …
Persistent link: https://www.econbiz.de/10013036705