We examine the impact on a firm when it is exogenously forced to switch its bank relationship from one branch to another branch of the same bank. We show the effect depends directly on the relative balance between the hard accounting information provided to the bank by the firm, as part of the...

Despite the growing importance of institutional investors in global capital markets and the link between bank earnings management and financial crash risk, little is known about institutional investors' role in mitigating bank earnings management. We conduct the first international analysis of...

Financial institutions are increasingly subject to cyber incidents and attacks. Cyber intrusions threaten these institutions' balance-sheets and reputations, and can undermine their resilience. From a societal perspective, cyber risk is particularly concerning as it regards systemically...

This Article summarizes the legislative history, notable provisions, and current status of the Cybersecurity Information Sharing Act (S. 754), the Protecting Cyber Networks Act (H.R. 1560), the Executive Order 13636, and the Cybersecurity Act of 2015. The Article ended with four ethical...

1. Characterisation of cyber-incidents; 2. Need for convergence in incident reporting schemes; 3. Optimising information sharing; 4. Need for benchmark statistics on cyber-trends; 5. Complementary policies to reinforce prevention; 6. Complementary policies to strengthen responses in case of...

The Financial Sector's Cybersecurity: Regulation and Supervision identifies prevalent concepts and practices and presents them in a way for financial sector authorities to consider and apply to their respective jurisdictions. Starting with the debate of whether cyber-specific regulations are...