Purpose - Debate is growing around the expansion of risk-based regulation. The regulation scholarship provides evidence … of regulatory failure of the risk-based approach in different domains, including financial regulation. Therefore, this … regulation while using enterprise risk management (ERM) as a meta-regulatory toolkit. Design/methodology/approach - Based on …

paper shows that financial regulation can be effective at mitigating this type of risk. Exploiting regulatory changes … financial institutions subject to stricter regulation. Following the easing of these regulations, overconfidence-induced risk …A large body of literature finds that managerial overconfidence increases risk-taking by financial institutions. This …

We examine whether the uncertainty related to environmental, social, and governance (ESG) regulation developments is … reflected in asset prices. We proxy the sensitivity of firms to ESG regulation uncertainty by the disparity across the … tail risk. The impact of the misalignment across the different dimensions of the ESG score is distinct from that of ESG …

(including external risk factors); the policy implications of this analysis are projected after evaluating two fundamental issues … companies, and what are the criteria for regulation and rescue available to governments, institutions and citizens to control …

In this study, using the World Bank’s Bank Regulation and Supervision Survey (BRSS) data, we draw insights about the … bank regulatory/supervisory styles, illustrate the differences in regulation/supervision among crisis, non-crisis and BRICS … countries, and highlight the ways in which bank regulation and supervision has changed during the crisis period. The study …

This paper sets out the criteria that boards and supervisors should use to determine whether banks are governing risk … correctly. First, boards have to set an overall risk target consistent with the overall return target. Second, the bank …’s business model has to set a risk capacity and risk appetite that can enable the bank to meet its target for risk and return …

This paper provides an overview of research and debate over whether insurance poses systemic risk, with a focus on U … activities-based approach to addressing potential systemic risk. The principal conclusions are: (1) there is no compelling … execution, and (3) it would be preferable to move towards an activities-based approach to systemic risk monitoring and …

states, insurers increase rates in low friction states. Over time, rates get disjoint from underlying risk, and grow faster … in states with low pricing frictions. Our findings have consequences for how climate risk is shared in the economy and …

institutions’ systematic risk. We then develop an index of the estimated equity value loss as the long-rum marginal expected … shortfall (LRMES). LRMES contributes to compute systemic risk (SRISK) contribution of these firms, which is the capital that a … firm is expected to need if we have another financial crisis.FindingsLarge acquiring banks decrease systemic risk …