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A Critique of SRISK as an Alternative to Regulatory Leverage Ratio

Fischer, Dov - 2015

In the wake of the 2008 financial crisis, Robert Engle and colleagues at New York University developed the NYU Stern Systematic Risk Model (SRISK), a market-based substitute for regulatory measures of systemic risk of financial institutions. This study identifies four shortcomings of SRISK....

Persistent link: https://www.econbiz.de/10013021564

How Much Bank Capital is Enough : Reconciling the Views of Academics and Regulators

Marinc, Matej - 2014

The global financial crisis has further highlighted the importance of bank capital regulation for the stability of the … banking system. This article aims to reconcile the views of the academics and regulators about bank capital regulation …. Lightweight and procyclical bank capital regulation with ample possibilities for regulatory arbitrage has contributed to the pre …

Persistent link: https://www.econbiz.de/10013050794

Regulators nurturing FinTech innovation : global evolution of the regulatory sandbox as opportunity based regulation

Ahern, Deirdre - 2020

-based regulation, distinguished by a regulatory approach that is concerned with actively supporting innovators in nurturing cutting …

Persistent link: https://www.econbiz.de/10012427907

Banking supervision: the perspective from economics

Hirtle, Beverly J. - 2020

Economists have extensively analyzed the regulation of banks and the banking industry, but have devoted considerably … "supervision" and "regulation" interchangeably. This paper provides a heuristic review of the economics literature on … activity distinct from regulation (rulemaking) is just now emerging and has considerable room to grow. Meanwhile, the empirical …

Persistent link: https://www.econbiz.de/10012391496

The impact of regulatory stress tests on bank lending and Its macroeconomic consequences

Bräuning, Falk; Fillat Comenge, José Luis - 2020 - This version: October 2020

We use an expansive regulatory loan-level data set to analyze how the portfolios of the largest US banks have changed in response to the Dodd-Frank Act Stress Test (DFAST) requirements. We find that the portfolios of the largest banks, which are subject to stress-testing, have become more...

Persistent link: https://www.econbiz.de/10012395110

Bank Geographic Diversification and Systemic Risk

Chu, Yongqiang - 2019

Exploiting staggered interstate banking deregulation as exogenous shocks to bank geographic expansion, we examine the causal effect of geographic diversification on systemic risk. Using the gravity-deregulation approach developed in Goetz, Laeven, and Levine (2013, 2016), we find that bank...

Persistent link: https://www.econbiz.de/10012868932

Bank Leverage Limits and Regulatory Arbitrage : Old Question, New Evidence

Choi, Dong Beom - 2019

Banks are regulated more than most firms, making them good subjects to study regulatory arbitrage (avoidance). Their latest arbitrage opportunity may be the new leverage rule covering the largest U.S. banks; leverage rules require equal capital against assets with unequal risks, so banks can...

Persistent link: https://www.econbiz.de/10012898992

Heterogeneous Impacts of Finance on Firm Exports : Evidence from Export Deregulation in A Large Developing Country

Cheng, Dong - 2019

This paper investigates the heterogeneous effects of finance on firm exports through the lens of differential exporting modes. China's WTO accession leads to an export deregulation, which empowers private domestic firms with low registered capital to export directly. This quasi-natural...

Persistent link: https://www.econbiz.de/10012901412

Can Regulation Rescue Financial Markets from the Invasion of Hedge Funds?

Ildokuz, Ph.D., Bahadir - 2019

Following the crisis of Long Term Capital Management (LTCM), concerns about the hedge funds have increased tremendously. Since the LTCM crisis; hedge fund industry has grown impressively, attracted many investors due to the high rate of returns and begun to act as financial market leaders which...

Persistent link: https://www.econbiz.de/10012903558

Financial Regulation, Corporate Governance, and the Hidden Costs of Clearinghouses

Saguato, Paolo - 2022

Clearinghouses are systemic nodes in financial markets that handle trillions of dollars’ worth of transactions. Yet, these critical market infrastructures stand on fragile foundations. The Dodd-Frank Wall Street Reform Act of 2010, the sweeping financial reform that followed the 2008 financial...

Persistent link: https://www.econbiz.de/10014361940