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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/10011557140
This paper develops a formula to numerically estimate the unsubsidized, fair-market value of the toxic assets purchased with Federal Reserve loans. It finds that subsidy rates on these loans were on average 33.9 percent at origination. In contrast, by the 3rd quarter of the 2010, there was on...
Persistent link: https://www.econbiz.de/10013252762
Persistent link: https://www.econbiz.de/10011781606
This paper tests whether poorly capitalized banks with troubled loan books are more likely to miss their bailout … non-cumulative preferred stock are also more likely to be TARP deadbeats. In addition, banks that missed a bailout … dividend in the prior quarter are significantly more likely to miss the next bailout dividend …
Persistent link: https://www.econbiz.de/10013116521
Adding contingently convertible debt securities, cocos, in an amount equal to about 3% of tangible assets to the financing mix of financial institutions is a promising reform idea. It would also be inexpensive for these institutions to issue cocos and thus to be prepared to recapitalize and to...
Persistent link: https://www.econbiz.de/10013122066
Based on a review of international and regional responses to the global financial and economic crisis and its implications for finance in Asia, Douglas Arner and Lotte Schou-Zibell draw lessons for Asian financial systems with regard to the scope of regulation; financial standards; supervision,...
Persistent link: https://www.econbiz.de/10011283429
how a bailout fund financed through a tax on bank dividends could resolve bailouts without public money and without …We present a dynamic, continuous-time model in which risk averse inside equityholders set a bank's lending, payout, and … financing policies, and the exposure of bank assets to crashes. The effect of the prevailing insolvency resolution mechanism …
Persistent link: https://www.econbiz.de/10012900014
having a central bank or a separate agency responsible for microprudential banking supervision, the advantages of having this … a single supervisor, be it the central bank or an agency, has in fact lower costs than capturing two. Nevertheless …
Persistent link: https://www.econbiz.de/10012861607
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
Persistent link: https://www.econbiz.de/10012607817