In 2007, the Supreme Court in Watters v. Wachovia Bank finally sided with the OCC's preemption of state consumer … interpretations of the incidental powers of the NBA - the argument that "the national bank has incidental power to conduct business … exclusive regulation of the OCC. However, this paper argues that the OCC's construction is contrary to law and is unreasonable …

bank supervision and eventually produce banking crisis. For political reasons, most countries establish a regulatory … culture that embraces three economically contradictory elements: politically directed subsidies to selected bank borrowers …

“Too-Big-to-Fail” is a legitimate trepidation from a macro-prudential perspective of bank regulation. In addition to … simultaneous bank failure; (ii) assess the liability of individual financial institutions to the financial system; and, (iii … crisis that led to instances of heightened systemic risk. Furthermore, I evaluate the current themes in regulation, in order …

This article explores the effect of delays in updating prudential regulation on countries' likelihood of experiencing … banking crises, and it disentangles the impact of different aspects of regulation on crisis onset. I argue that delays in … revising banks' prudential regulation allow banks to adopt risky behavior. This increases a country's vulnerability to systemic …

We model dynamic bank capital structure under three optimally-designed regulatory regimes dealing with potential …

a bank-level systemic risk indicator that can be decomposed into a bank's individual risk and its systemic linkage. To … proxy the strictness of a country's regulatory regime, we employ World Bank survey data …

This chapter of the forthcoming Oxford Handbook of Financial Regulation considers, in broad historical perspective and … financial crises and regulation. It begins with an overview of financial crises generally, and then considers both the … historical and potential future role of regulation in financial crises. It discusses various theories of the roots of financial …

-day conditions. Particular attention is paid to the crisis management that is realised on the level of government and central bank … pays special attention to importance of Asset management companies. It is stated that crisis regulation should have …

Are bank resolution regimes effective enough to improve financial stability? We look at the effect of the new bank … results suggest that centralized regulation has heterogeneous effects depending on the country's development degree. Improving …