We investigate the relationship between bank complexity and bank risk-taking using German banking data over the period …

The general view underlying bank regulation is that bank disclosures providemarket discipline and reduce banks’ risk …-taking incentives. We show that bankdisclosures can increase bank leverage and bank risk. The reason stems from theinteraction between … insured and uninsured debt. Bank disclosures reduce the agencyproblem between uninsured debt and equity, thereby lowering the …

comprehensive, practical reference written specifically for bank and insurance valuation and value management. Spelling out how the …