We study how supranational capital regulation incentivizes national authorities to exercise forbearance and how this …"--without a commensurate increase in book equity and without a reduction in bank risk. We show how national authorities forbear …

What is the impact of a sudden and sizeable increase in bank capital requirements on the lending activity by directly … affected banks and by non-affected non-bank financial institutions (NBFIs)? To answer this question, we apply a difference … activities, in riskier and more competitive borrower segments, but NBFIs do not seem to rely on increased bank funding to finance …

equity and without a reduction in bank risk. Regulatory capital inflation is more pronounced in countries where credit supply …

We investigate regulatory arbitrage during the G20's global derivatives market reform. Using hand-collected data on … staggered reform progress, we find that banks shift their trading towards less regulated jurisdictions. The result is driven by … document that subsidiaries in jurisdictions with more reform progress shift to riskier portfolios. Alleviating endogeneity …