The paper empirically examines the implementation record of international financial regulation of the banking sector …. We find evidence that this cooperative behaviour may be driven by the self-interest of global players as the positive … record is particularly strong in countries where large banking sectors and big banks are both present, and where regulation …

The paper empirically examines the implementation record of international financial regulation of the banking sector …. We find evidence that this cooperative behaviour may be driven by the self-interest of global players as the positive … record is particularly strong in countries where large banking sectors and big banks are both present, and where regulation …

failure of regulation to cope with its externalities. Differently from more standard explanations, which are based on … opportunism and/or irrationality of financial institutions, this analysis suggests that regulation has not just been insufficient …. Regulation has contributed to financial instability too, supporting fragile conventions to handle uncertainty and encouraging …

. Second, in relying upon ratings, regulation should correct the incentives it provides to rating agencies to inflate their … shows that one major determinant of the financial crisis was the failure of regulation to address the evolution of financial … and/or irrationality of financial intermediaries, this analysis suggests that regulation has not been insufficient. On the …

This paper analyzes the relation between CEOs monetary incentives, financial regulation and risk in banks. We present a … component of managerial compensation on risk taking. We then test empirically how monetary incentives provided to CEOs in 2006 …. The cross-country dimension of our sample allows us to study the interaction between CEO incentives and financial …