Domestic prudential regulation can have unintended effects across borders and may be less effective in an environment … regulation reduces lending by large U.S. global banks to foreign residents. …

Domestic prudential regulation can have unintended effects across borders and may be less effective in an environment … country where the tightening occurs to the United States and to other countries. Third, tighter U.S. capital regulation …

The paper discusses the reform of capital regulation of banks in the wake of the financial crisis of 2007/2009. Whereas … arguments that run counter to economic logic or are themselves evidence of moral hazard and a need for regulation. -- financial … crisis ; Basel Accord ; banking regulation ; capital requirements ; modelbased approach ; systemic risk …

regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly … "missed the forest for the trees". As a result, the need for macroprudential aspects of regulation emerged, which has recently … macroprudential regulation in creating stable, yet effcient financial systems. At the same time, I emphasize the importance of …

The paper discusses the reform of capital regulation of banks in the wake of the financial crisis of 2007/2009. Whereas … arguments that run counter to economic logic or are themselves evidence of moral hazard and a need for regulation …