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Customer liquidity provision : implications for corporate bond transaction costs
Choi, Jaewon; Huh, Yesol - 2017 - Current draft: October 2017
The convention in calculating trading costs in corporate bond markets is to assume that dealers provide liquidity to non-dealers (customers) and calculate average bid-ask spreads that customers pay dealers. We show that customers often provide liquidity in corporate bond markets, and thus,...
Persistent link: https://www.econbiz.de/10011803677
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How Do Banks Adapt Their Asset Holdings to Binding Leverage Ratio and Liquidity Requirements under Basel III?
Ita, Andreas - 2017
Over the last years, the capital regulation of banks under the Basel framework has undergone a fundamental review. In parallel to the implementation of Basel III, a non-risk-sensitive leverage ratio and new liquidity standards are introduced. I study the combined impact of the new regime on the...
Persistent link: https://www.econbiz.de/10012967019
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Banking reform
Jackson, Patricia; Davies, Howard; Miles, David; … - SUERF Conference on Banking Reform <2015, London>; … - 2016
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/10011554963
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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
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
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Bank capital, liquid reserves, and insolvency risk
Hugonnier, Julien; Morellec, Erwan - 2015
regulatory requirements. Our analytic characterization of the bank policy choices shows that imposing solely liquidity … requirements leads to lower bank losses in default at the cost of an increased likelihood of default. Combining liquidity … requirements with leverage requirements reduces drastically both the likelihood of default and the magnitude of bank losses in …
Persistent link: https://www.econbiz.de/10011293576
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The Impacts of Financial Regulations : Solvency and Liquidity in the Post-Crisis Period
Baker, Colleen - 2017
find that the market pricing of bank debt appears to have responded to changes in liquidity measures, especially at large …
Persistent link: https://www.econbiz.de/10012957864
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Capital regulation, market-making, and liquidity
Haselmann, Rainer; Kick, Thomas; Singla, Shikhar; Vig, … - 2022
average trade size. While non-bank affiliated dealers increase their market-making activity, they are unable to bridge this …
Persistent link: https://www.econbiz.de/10014088374
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Disclosure Regulation in the Commercial Banking Industry : Lessons From the National Banking Era
Granja, Joao - 2018
I exploit variation in the adoption of disclosure and supervisory regulation across U.S. states to examine their impact on the development and stability of commercial banks. The empirical results suggest that the adoption of state‐level requirements to report financial statements in local...
Persistent link: https://www.econbiz.de/10012921156
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How Does Bank Equity Affects Credit Creation? The Multiplier Effects under Basel III Regulations
Li, Boyao - 2022
endogenously varies while the regulations are exogenously imposed. I propose a banking model to investigate how the changes in bank … light on how bank equity and Basel III regulations affect credit and money creation …
Persistent link: https://www.econbiz.de/10013288904
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The Too-Important-To-Fail Conundrum : Impossible to Ignore and Difficult to Resolve
Robe, Inci Otker - 2011
The paper provides the IMF staff views on policy options to mitigate the risks posed by institutions perceived as too-important-to-fail (“TITF"). These institutions have become bigger and more complex since the crisis, and risky practices have started to reappear. The paper emphasizes the need...
Persistent link: https://www.econbiz.de/10013124367