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Creditor Rights, Systemic Risk and Bank Regulations : Evidence from Cross-Country Study
Haddad, Christian - 2016
In this paper, we investigate the extent in which creditor rights protection in bankruptcy induces banks to take more risk, leading to a higher level of systemic risk in the financial system. We apply ∆CoVaR, introduced by Adrian and Brunnermeier (2011), as the measure of systemic risk. Our...
Persistent link: https://www.econbiz.de/10013002804
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Creditor Rights and Bank Capital Decisions : Conventional vs. Islamic Banking
Bitar, Mohammad - 2018
Using a sample of banks operating in 24 countries, we provide robust evidence that stronger creditor rights are associated with higher capital adequacy ratios of conventional banks but not of Islamic banks. Such results are more effective on bank core capital, suggesting that bank managers tend...
Persistent link: https://www.econbiz.de/10012927532
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Two Sides of the Same Coin Insolvency Risk Measurement and Capital Adequacy Rules for Basel III
Gan, Vincent B.Y. - 2017
This paper studies the economic and theoretical foundations of insolvency risk measurement and capital adequacy rules … measuring insolvency risk and capital adequacy in Basel III. We show how insolvency risk measurement, capital adequacy and … integrated measure of risk and capital by disentangling assets, debt and equity; the Firm Insolvency Risk Index (FIRI) that is …
Persistent link: https://www.econbiz.de/10012959099
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Does IFRS 9 Increase Banks’ Resilience?
Kund, Arndt-Gerrit; Rugilo, Daniel - 2023
IFRS 9 substantially affects the financial sector by changing the impairment methodology for credit losses. This paper analyzes the implications of the change from IAS 39 to IFRS 9 in the context of bank resilience. We shed light on two effects. First, the “cliff-effect”, which refers to...
Persistent link: https://www.econbiz.de/10014256982
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Debt Priority Structure, Market Discipline and Bank Conduct
Danisewicz, Piotr - 2017
We examine how debt priority structure affects bank funding costs and soundness. Leveraging an unexplored natural experiment that changes the priority of claims on banks' assets, we document asymmetric effects that are consistent with changes in monitoring intensity by various creditors...
Persistent link: https://www.econbiz.de/10012948478
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Illiquidity, insolvency, and banking regulation
Cao, Jin - 2010
policies which intend to fix the ineciencies, and argues that the co-existence of illiquidity and insolvency problems adds …
Persistent link: https://www.econbiz.de/10003952099
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Resolving troubled systemically important cross-border financial institutions : is a new corporate organizational form required?
Cumming, Christine M.; Eisenbeis, Robert A. - 2010
; bank insolvency …
Persistent link: https://www.econbiz.de/10008657240
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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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Ownership Structure, Revenue Diversification and Insolvency Risk in European Banks
Sanya, Sarah - 2011
, an insight into how the ownership structure of a bank affects investment decisions, performance and ultimately insolvency … risk - the focus of this paper - is crucial. Our results show revenue diversification reduces insolvency risk in banks with … the impact of the latter on insolvency risk in banks. The results also have important policy implications for regulators …
Persistent link: https://www.econbiz.de/10013128385
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Forbearance, Prompt Closure, and the Valuation of Bank Subordinated Debt
Chen, Yehning - 2012
This study develops a multi-period structural model to value bank subordinated debt (subdebt) under different regulatory policies. The model provides a complete framework for analyzing how various factors, such as credit and interest rate risks, bank characteristics and regulatory policies...
Persistent link: https://www.econbiz.de/10013101079