Following the 2008 financial crisis a major process of regulatory reform of the banking industry took place with the aim of increasing the resilience of the financial system. More specifically, the regulatory changes introduced after the financial crisis were aimed at pursuing three main...

This paper is aimed at: reviewing the contents of the proposals, drawing on the results of theoretical and empirical research wherever possible, in order to underscore relative strengths and/or weaknesses; providing a critical analysis of the strengths and weaknesses of the proposals, which...