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 …

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

banks. We focus on the provisions that are aimed at reshaping bank boards' composition, functioning, and their members …' liabilities, and argue that they are unlikely to improve bank boards' effectiveness or prevent excessive risk-taking. We criticize … diversity requirements will worsen the shortage of bank directors, while requirements for induction and training and board …

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 …

. Furthermore, some of these fi ndings strongly depend on the bank’s legal form, its size and business model, suggesting that both …