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The investigation of the sequencing of liberalization in the EU financial services industry is the primary object of this study. The relevance of the EU model for financial liberalization is threefold. First, the EU route towards liberalization in financial services could be regarded as a...
Persistent link: https://www.econbiz.de/10011689908
This essay discusses the corporate governance of banks. Bank managers must balance competing demands from shareholders … creditors, and integrates bank regulation into the concept of debt governance. The empirical section surveys the extant …) and regulators (debt governance) can meaningfully coexist in their quest to guide and constrain bank managers. …
Persistent link: https://www.econbiz.de/10011689905
This paper offers an overview of the mandate of the European Central Bank (ECB), as defined by its objectives, the …
Persistent link: https://www.econbiz.de/10012661658
Following the adoption by the Basel Committee of new capital rules for banks, a process is now taking place in the EU to transpose the rules into Community law and, ultimately, into national legislation. This paper gives an overview of the main issues that relate to the EU implementation, mainly...
Persistent link: https://www.econbiz.de/10011606194
Our concern in this paper is two-fold: first to see whether the determinants of bank distress and failure have been any …-weighted counterparts as predictors, despite the focus on the later in the Basel framework. This paper examines bank distress within a large … predict bank failures and draw inferences about the stability of contributing bank characteristics. Our models incorporate …
Persistent link: https://www.econbiz.de/10011689962
The rise of a crisis-prone banking sector and its political power has received significant attention following the most recent financial crisis. The crisis sparked a growing interest in understanding how and why we have created a world of large, unstable banks. Excessive banking activity arose...
Persistent link: https://www.econbiz.de/10011698349
simulation exercise is performed on how various external shocks affect the balance sheet of an average European bank under the … introduction of full fair value accounting could have a significant effect in terms of income volatility, procyclicality of bank …
Persistent link: https://www.econbiz.de/10011606165
countries. The European Central Bank (ECB), jointly with the Banking Supervision Committee (BSC), has an interest in monitoring …
Persistent link: https://www.econbiz.de/10011606251
This study presents two tests of the hypothesis that adoption of an internal ratings-based approach to determining minimum capital requirements, proposed as part of the Basel II capital accord, would cause adopting banking organizations to increase their acquisition activity. The study employs...
Persistent link: https://www.econbiz.de/10011689918
diversify the sources of revenues was apparent. The cost and profit efficiency analysis based on 33 bank-to-bank mergers …
Persistent link: https://www.econbiz.de/10011689920