College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …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 …

non-tested banks from 27 European countries, we document a clear link between stress tests and accounting discretion. We … find that tested banks, in contrast to their non-tested counterparts, are penalised by regulators and markets through … order to manage both capital and earnings. Our results suggest that stress tests exacerbate banks' discretionary behaviour …