We present a theoretical framework for studying how the cross holdings of credit asset securitization (CAS) products … profit and credit creation; these motives drive up banks' leverage. We also show that the capital adequacy ratio (CAR … asset structure, cross-holding degree among banks, and CAS characteristics including its state of risk retention. We …

timing the realization of gains/losses). We also find that banks engaging industry specialist auditors use less LLP …In this study, we examine whether banks' use of the loan loss provision (LLP) to manage earnings is associated with 1 …) the extent to which banks hold assets subject to fair value reporting and 2) the use of an industry specialist auditor. We …