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A review of the regulatory impact analysis of risk-based capital and related liquidity rules
Hogan, Thomas L. - In: Journal of risk and financial management : JRFM 14 (2021) 1/24, pp. 1-29
This paper reviews the cost-benefit analysis, or “regulatory impact analysis” (RIA), in US bank regulators’ risk-based capital (RBC) rule proposals. We review the principles of cost-benefit analysis and its application by US bank regulators. We provide a brief background on RBC rules and...
Persistent link: https://www.econbiz.de/10012417012
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Taming overconfident CEOs through stricter financial regulation
Kassner, Bernhard - 2023
paper shows that financial regulation can be effective at mitigating this type of risk. Exploiting regulatory changes … financial institutions subject to stricter regulation. Following the easing of these regulations, overconfidence-induced risk …-taking increases again. These findings confirm the effectiveness of financial regulation at correcting overconfident behavior, but also …
Persistent link: https://www.econbiz.de/10014477386
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The ex-ante versus ex-post effect of public guarantees
Damar, Evren; Gropp, Reint; Mordel, Adi - 2012
In October 2006, Dominion Bond Rating Service (DBRS) introduced new ratings for banks that account for the potential of government support. The rating changes are not a reflection of any changes in the respective banks' credit fundamentals. We use this natural experiment to evaluate the...
Persistent link: https://www.econbiz.de/10009580069
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Fallacies, irrelevant facts, and myths in the discussion of capital regulation : why bank equity is not socially expensive
Admati, Anat R.; DeMarzo, Peter M.; Hellwig, Martin; … - 2013
challenges are addressed, capital regulation can be a powerful tool for enhancing the role of banks in the economy. …
Persistent link: https://www.econbiz.de/10010203632
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Banking reform
Jackson, Patricia; Davies, Howard; Miles, David; … - SUERF Conference on Banking Reform <2015, London>; … - 2016
regulation, recovery and resolution, and risk culture. …
Persistent link: https://www.econbiz.de/10011554963
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Competition and bank stability
Götz, Martin - 2016
Does an increase in competition increase or decrease bank stability? I exploit how the state-specific process of interstate banking deregulation lowered barriers to entry into urban banking markets and find that greater competition significantly increases bank stability. This result is robust to...
Persistent link: https://www.econbiz.de/10011559788
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Bank capital, liquid reserves, and insolvency risk
Hugonnier, Julien; Morellec, Erwan - 2015
We develop a dynamic model of banking to assess the effects of liquidity and leverage requirements on banks' insolvency risk. In this model, banks face taxation, flotation costs of securities, and default costs and maximize shareholder value by making their financing, liquid asset holdings, and...
Persistent link: https://www.econbiz.de/10011293576
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Regulatory Systemic Risk in US Securities Regulation
Pichhadze, Aviv - 2011
securities regulation. The discussion offers two theses: one descriptive and the other normative. Descriptively, drawing on … institutional approaches to the study of regulation, I show how regulatory systemic risk emerges in the US securities regulatory …
Persistent link: https://www.econbiz.de/10013128555
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Why Micro-Prudential Regulation Fails? The Impact on Systemic Risk by Imposing a Capital Requirement
Zhou, Chen - 2011
higher than that in a regulation-free system. We discuss a sufficient condition under which the systemic risk in a regulated …
Persistent link: https://www.econbiz.de/10013133821
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Why the Micro-Prudential Regulation Fails? The Impact on Systemic Risk by Imposing a Capital Requirement
Zhou, Chen - 2011
the impact of micro-prudential regulation on the systemic risk in a cross-sectional dimension. We construct a static model … requirement regulation. In a system with a capital requirement regulation, the individual risk-taking of the financial … system can be higher than that in a regulation-free system. We discuss a sufficient condition under which the systemic risk …
Persistent link: https://www.econbiz.de/10013119229