The paper tests the effect of competition on bank risk-taking for a sample of up to 800 banks worldwide over the period 1995-2010. Following the theoretical literature on bank competition and risk more closely than previous empirical research, we measure competition at the bank level and...

This study reinvestigates the theoretical relationship between competition in banking and banks' exposure to risk of failure. There is a large existing literature that concludes that when banks are confronted with increased competition, they rationally choose more risky portfolios. We briefly...

Competition law compliance has become increasingly important in the banking industry as the number of infringements and the associated fines imposed by the European Commission are rising. This article shows that not only governments and regulators, but also shareholders and managers, should be...