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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
early. The giant investment managers, Blackrock and PIMCO, were much more likely to redeem their TALF loans early than … smaller investment managers. …
Persistent link: https://www.econbiz.de/10013252762
This paper examines the consequences of Chinese regulators deviating from a long-standing full bailout policy in …
Persistent link: https://www.econbiz.de/10015079903
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
Business cycles imply liquidity risks for banks. This paper explores how these risks influence bank lending over the cycle. With forward-looking banks, lending cycles, credit booms and busts, or suppressed and highly fragile bank systems can emerge, depending on the magnitude of liquidity risks....
Persistent link: https://www.econbiz.de/10010341626
A bank's decision on loan supply and capital structure determines its immediate bankruptcy risk as well as the future availability of internal funds. These internal funds in turn determine a bank's future costs of external finance and future vulnerability to bankruptcy risks. We study these...
Persistent link: https://www.econbiz.de/10011918996
This paper analyzes the effect of bank recapitalizations on lending, funding and asset quality of European banks between 2000 and 2013. Controlling for market implied capital shortfall of banks, we find that banks that receive a sufficiently large recapitalization increase lending, attract more...
Persistent link: https://www.econbiz.de/10011975004
The introduction of bail-in resolution powers to impose the costs of a large bank's failure on its creditors (rather than on the taxpayer) is the most intriguing initiative of the post-financial crisis regulatory framework. However, a fundamental conundrum remains in the legal regime: it is...
Persistent link: https://www.econbiz.de/10012895179
This paper studies how fiscal policy in the eurozone and the United States (US) affected banks’ loan loss provisioning during the COVID-19 crisis. By decomposing government support into below-the-line (loan guarantees) and above-the-line (cash transfers) support, we examine how both types of...
Persistent link: https://www.econbiz.de/10013305602
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