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Banking reform
Jackson, Patricia; Davies, Howard; Miles, David; … - SUERF Conference on Banking Reform <2015, London>; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011554963
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Do Strict Capital Requirements Raise the Cost of Capital? Bank Regulation, Capital Structure, and the Low Risk Anomaly
Baker, Malcolm P. - 2015
Traditional capital structure theory predicts that reducing banks' leverage reduces the risk and cost of equity but does not change the weighted average cost of capital, and thus the rates for borrowers. We confirm that the equity of better-capitalized banks has lower beta and idiosyncratic...
Persistent link: https://www.econbiz.de/10013026425
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Asset Encumbrance, Bank Funding and Financial Fragility
Ahnert, Toni - 2016
bank issues covered bonds backed by a pool of assets that is bankruptcy remote and replenished following losses …. Encumbering assets allows a bank to raise cheap secured debt and expand profitable investment, but it also concentrates risk on …
Persistent link: https://www.econbiz.de/10012988410
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Asset Encumbrance, Bank Funding and Fragility
Ahnert, Toni; Anand, Kartik; Gai, Prasanna; Chapman, … - 2021
, funding costs, and prudential regulation. A bank’s choice of encumbrance trades off the benefit of expanding profitable …
Persistent link: https://www.econbiz.de/10013248957
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Asset encumbrance, bank funding and fragility
Ahnert, Toni; Anand, Kartik; Gai, Prasanna; Chapman, James - 2017
, funding costs, and prudential regulation. A bank's choice of encumbrance trades off the benefit of expanding profitable …
Persistent link: https://www.econbiz.de/10011978300
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Regulatory changes and the cost of capital for banks
Kovner, Anna; Van Tassel, Peter - 2018
We estimate the cost of capital for the banking industry and find that while the cost of capital soared for banks in the financial crisis, after the passage of the Dodd-Frank Act, the value-weighted cost of capital for banks fell differentially more than did the cost of capital for nonbanks. The...
Persistent link: https://www.econbiz.de/10011868475
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Would Stricter Capital Requirements Raise the Cost of Capital? Bank Capital Regulation and the Low Risk Anomaly
Baker, Malcolm P. - 2013
per year. In competitive lending markets, a change of this magnitude would have doubled or tripled spreads, because bank …
Persistent link: https://www.econbiz.de/10013085095
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Cost of Equity, Enterprise Value and Capital Regulation of Banking Firms
Masera, Rainer - 2013
must be carefully analysed before endorsing the general statement that “bank equity is not expensive”. In fact, specific … argue that market prices (notably price-to-book ratios) should play a primary role in bank supervision. To support our …-shifting phenomena on banks' assets, notably when price-to-book values are below one, may increase the overall risk of the bank, and …
Persistent link: https://www.econbiz.de/10013089413
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Impact of Government Bailout on Banks' Cost of Equity : Additional Evidence from the Financial Bailout of 2008-2009
Wang, Daphne - 2020
This study evaluates the effect of the Capital Purchase Program during the 2008-2009 financial crisis on the cost of equity of 170 publicly listed banks in the United States that received funding. We document robust evidence that the liquidity provided by the government bailout reduced the cost...
Persistent link: https://www.econbiz.de/10012841209
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Deregulation and Banks’ Cost of Equity Capital
Berger, Allen N. - 2020
We examine the effects of geographic deregulation on banks' cost of equity (COE) using changes in interstate bank …
Persistent link: https://www.econbiz.de/10012850786