Despite repeated calls for fintech regulations, the impact of looming fintech regulations is still unclear. This paper uses the event of uniformly implementing registration requirements in Chinese peer-to-peer (P2P) industry to answer this question. The results show that, even though the...

This study explores whether and how bank characteristics affect general risk-taking and tail risk of Too-Big-to-Fail (TBTF) and non-TBTF banks differently. We show that TBTF banks’ investment decisions drive their risks, while sources of funding drive risks of other banks. Contradicting the...