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Although Basel II fortified the first two pillars with market transparency enhancing Pillar III disclosures and encouraged the usage of major Credit Rating Agencies (CRAs) such as Moody’s, Standard and Poor's, and Fitch as quasi governmental authorities to overcome asymmetric informational...
Persistent link: https://www.econbiz.de/10011455461
connected issues, mainly incentives and market discipline, regulation, competition and shadow banking, and size and structure of …
Persistent link: https://www.econbiz.de/10011689954
submitted its report in 2013 and four of its members recorded dissenting notes. This paper examines the changes in regulation in …
Persistent link: https://www.econbiz.de/10011483647
This paper documents the long-run effects of an important reform of capital regulation for U.S. insurance companies in …-yield) MBS post reform. Our findings are consistent with the view that the regulation and supervision of the U.S. insurance …
Persistent link: https://www.econbiz.de/10012842721
, the European Union has engaged in an ambitious overhaul of banking regulation. One of its centerpieces, the 2013 Fourth …
Persistent link: https://www.econbiz.de/10013056692
This paper investigates the impact of regulatory stress test framework in the European Union on the banks conduct and portfolio adjustments. Our findings suggest that the banks subject to regulatory stress testing tend to structure their portfolios with lower risk density. However this does not...
Persistent link: https://www.econbiz.de/10012107780
The supplementary leverage ratio (SLR) rule recently imposed on the very largest U.S. banks has revived the question of whether banks sidestep such rules by shifting toward riskier, higher-yielding assets. Using difference-in-difference analysis, we find that, after the SLR was finalized in...
Persistent link: https://www.econbiz.de/10011868525
connected issues, mainly incentives and market discipline, regulation, competition and shadow banking, and size and structure of …
Persistent link: https://www.econbiz.de/10011711486
In this study, we examine the effect of capital regulation on insurers’ pricing behavior using homeowners’ insurance … increases is restrained; we attribute the small magnitude to insurance pricing regulation. Taken together with the size of the … study provides evidence that climate-related regulation can have unintended consequences for consumers while the effect is …
Persistent link: https://www.econbiz.de/10014350260
worldwide political institutions to approve a more rigorous regulation on financial institutions and predict financial crises … EU regulation on credit rating agencies and current Basel II enhancements. Finally we can determine that most regulatory … counterproductive and a danger for worldwide economic growth. -- structured finance ; ratings ; regulation ; subprime crisis ; Basel II …
Persistent link: https://www.econbiz.de/10008695393