deposit customers. In the past, bank regulation has often been blamed for undermining competition and the functioning of … tries to shed some light on the historical development and current state of bank regulation in Germany. In so doing, it … tries to embed the analysis of bank regulation in a more general industrial organization framework. For every regulated …

Regulation is often funded with fees paid by regulated firms, potentially creating incentive problems. We use this … that pay higher fees may face more lenient regulation, when leniency increases regulatory budgets in the short term. Our … novel dataset on fees and regulatory actions, we find that firms that pay higher fees face more lenient regulation, which …

Hub-and-spoke regulation, where a central regulator with legal power over firms delegates monitoring to local … findings suggest that field level interaction is an important part of regulation, and that distancing supervisors from banks to …