We analyze the role of using CEO compensation and capital requirements in bank regulation. With a passive uninformed … board that delegates the choice of bank strategy to the CEO, requiring a compensation contract where the CEO receives a … fixed fraction of total bank payoff eliminates the risk shifting problem and can implement first best; no additional …

We develop a theory of bank board risk committees. With this theory, such committees are valuable even though there is … no expectation that bank risk is lower if the bank has a well-functioning risk committee. As predicted by our theory (1 …) many large and complex banks voluntarily chose to have a risk committee before the Dodd-Frank Act forced bank holding …

ap- point independent directors on the board of an assisted bank that missed six dividend payments to the Treasury … payments exhibits a sharp discontinuity at five. Director appointments by the Treasury led to improved bank performance, lower …

appoint independent directors on the board of an assisted bank that missed six dividend payments to the Treasury - helped … exhibits a sharp discontinuity at five. Director appointments by the Treasury led to improved bank performance, lower CEO pay …

governance committing bank managers to long-term horizons. Rules on managerial remuneration are insufficient for this purpose …

system. The nexus of bank governance is the board of directors, but they have proven inadequate in controlling the riskiness … of bank activities, an outcome due both of the complexity of modern banks, and because boards are uncertain about what is … expected of them. In this paper we propose a two step procedure to improve bank governance. First, we give bank directors an …

question in a case study that includes interviews with key governance actors of a bank dealing with regulatory changes in the …

, UBS, and Royal Bank of Scotland (RBS), have paid huge fines and settled the matter to avoid criminal prosecution. The …