A model is presented where the question of bank regulation is developed under a principal-agent scenario in a regime where the regulator has limited resources and banks may have an incentive to act ultra virus the regulatory standards. If banks are subject to random audit, then compliance is...

Cover -- Title Page -- Copyright -- Contents -- Preface -- Acknowledgements -- Chapter 1 The Role of Data in a Financial Crisis -- The Financial Crisis - Looking Back -- Causes of the Financial Crisis -- Systemic Financial Contagion -- The Legal Data Consequence -- Bibliography -- Chapter 2 The...

Do financial regulation advisors help their clients become more profitable? In this paper, we present a model where financial service firms may add to their own compliance teams or hire outside compliance advisors. We derive the conditions under which a financial services firm will want to hire...