College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform … regulation, recovery and resolution, and risk culture. …

lead to significant changes in the competitive environment should banks consider adding a granularity adjustment to the …

The new Basel II regulation contains a number of new regulatory features. Most importantly, internal ratings will be … banks using a non-parametric Monte Carlo re-sampling method following Carey [1998]. Our results are based on a panel data … set containing both loan and internal rating data from the banks' complete business loan portfolios over the period 1997 …

Counterpart risk rating is at the heart of the banking business. In the new Basel II regulation, internal ratings have … been given a central role. Although much research has been done on external ratings, much less is known about banks … the complete business loan portfolios of two Swedish banks and a credit bureau over the period 1997-2000. We study rating …

The new Basel II regulation contains a number of new regulatory features. Most importantly, internal ratings will be … banks using a non-parametric Monte Carlo re-sampling method following Carey [1998]. Our results are based on a panel data … set containing both loan and internal rating data from the banks complete business loan portfolios over the period 1997 …

Counterpart risk rating is at the heart of the banking business. In the new Basel II regulation, internal ratings have … been given a central role. Although much research has been done on external ratings, much less is known about banks … the complete business loan portfolios of two Swedish banks and a credit bureau over the period 1997-2000. We study rating …

The new Basel II regulation contains a number of new regulatory features. Most importantly, internal ratings will be … banks using a non-parametric Monte Carlo re-sampling method following Carey [1998]. Our results are based on a panel data … set containing both loan and internal rating data from the banks’ complete business loan portfolios over the period 1997 …

Counterpart risk rating is at the heart of the banking business. In the new Basel II regulation, internal ratings have … been given a central role. Although much research has been done on external ratings, much less is known about banks … the complete business loan portfolios of two Swedish banks and a credit bureau over the period 1997-2000. We study rating …

We show that U.S. banks do not engage in zombie lending to firms of deteriorating profitability, irrespective of … for banks and nonbanks, and an empirical setting with quasirandom shocks to firm profitability. Although credit migrates … from banks to nonbanks, zombie firms file for bankruptcy at an elevated rate, suggesting that nonbanks' zombie lending does …