Kryzys finansowy i gospodarczy, który wybuchł w 2007-2008 r. skłonił rządy, UE i instytucje międzynarodowe do podjęcia prób wskazania jego źródeł, analiz przebiegu i ustanowienia mechanizmów mających zapobiec powtórzeniu takim sytuacjom. Okazało się bowiem, że w warunkach...

One of the most prominent European bank failures in the global financial crisis was the collapse of the Icelandic bank Landsbanki, where foreign depositors were left without coverage by the Icelandic deposit guarantee scheme. The present note discusses a recent judgment by the Court of the...

Banks always have someone watching over their shoulders, gauging compliance with law, evaluating risk, and correcting behavior. This is bank supervision. We expect a lot from bank supervision. It is supposed to ensure that banks operate in a safe and sound manner, mitigate systemic risk in the...

Not least due to the relatively short period of existence of the Single Supervisory Mechanism (SSM), the transparency of the European Central Bank (ECB) in the SSM has not attracted significant attention from legal scholarship. This contribution seeks to close this gap to some extent by mapping...

This paper examines the impact of cybercrime and hacking events on equity market volatility across publicly traded corporations. The volatility influence of these cybercrime events is shown to be dependent on the number of clients exposed across all sectors and the type of the cyber security...

Starting from the objective of banking supervision - to minimize the overall costs of banking to the general public - we show that the current standard of quantifying market risk is flawed. It is perfectly aligned with the interests of banks' shareholders and management, but not with the...

Taxpayers' money may not be put at risk again. Financial firms have to be efficiently supervised in order to make the financial sector more resilient against any future market turmoil. Efficient supervision can be achieved only when timely and accurate information is constantly assessed by...

As financial institutions and policymakers worldwide are considering how to integrate sustainability considerations throughout financial systems, a critical question is whether banks can effectively assess and monitor borrowers' environmental credit risk. China's green credit reforms, part of...

This paper studies the specificities of the regulation of shadow banking in the EU. It argues that the idiosyncratic features of the EU shadow banking sector call for a different (or indigenized) regulatory approach from that of the U.S. It highlights striking differences between the EU and the...

Using a sample from 38 economies, we examine the relation between bank regulators’ supervisory power and loan spreads. We find that loans issued by banks in economies with more powerful supervisors have higher spreads. The positive association is more pronounced when firms have lower credit...