Reforms of financial regulation after the crisis of 2007-2009 raise the question of what is the relation between … financial regulators and competition authorities. Should competition authorities play a role in financial regulation? Should …-specific regulation involves authorities actually prescribing desired modes of behavior. The ongoing nature of relations makes regulators …

, the European Union has engaged in an ambitious overhaul of banking regulation. One of its centerpieces, the 2013 Fourth … 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 …

Minimum capital requirement regulation forces banks to refund a substantial amount of their investments with equity … higher loan interest rates, then borrowers are likely to become more risky, which may destabilize the lending bank. This … paper argues that, in addition to the buffer and cost effect of capital regulation, there is a strategic effect. A binding …

This is a chapter for a forthcoming volume Oxford Handbook of Financial Regulation (Oxford University Press 2014) (eds …. Eilís Ferran, Niamh Moloney, and Jennifer Payne). It provides an overview of EU financial regulation from the first banking … the accommodation of cross-border capital flows and their regulation necessarily require an orchestration of the …

2007, and especially in the euro area after 2010. That crisis triggered major changes to European financial regulation and …

addressed by an approach to financial regulation that imports its functional foundations more vigorously into the interpretation … and implementation of existing rules. It shows that the general policy goals of prudential banking regulation remain …

addressed by an approach to financial regulation that imports its functional foundations more vigorously into the interpretation … and implementation of existing rules. It shows that the general policy goals of prudential banking regulation remain …

This paper provides the first empirical evidence on how home-country regulation and supervision affects bank risk … independently from the effect that bank balance sheets have on lending. These findings imply that loose home-country regulation and …

transnational supervision in the Euro Area. Yet the SSM is far from being perfect. The European Central Bank (ECB), which is tasked …, European rules on banking regulation have become dispersed and hard to access. This paper therefore calls for the adoption of a …