This policy brief examines issues associated with the design and implementation of regulatory policymaking in interconnected financial markets. The policy brief explains why international interdependence among nations' financial markets and regulations can provide an incentive for national...

We investigate the determinants of net interest margins of Indonesian banks after the 1997/1998 financial crisis. Using data for 93 Indonesian banks over the 2001-2009 period, we estimate an econometric model using a pooled regression as well as static and dynamic panel regressions. Our results...

This study examines the relation of independent directors and their gender diversity, busyness, and experience with risk taking for 112 listed US insurance companies over 2003-2010. Using OLS, system GMM and 3SLS, we find that board independence, females amongst independent directors and busy...

This study examines the relation of incentives and risk taking for 104 listed U.S. insurance companies over 2006-2010. Our results show that independent director compensation is positively related to risk taking as are CEO compensation and institutional ownership. Besides dollar value and...

We explain and analyse the modelling and other assumptions behind the new regulatory proposals for capitalisation of securitisations, in particular the modified supervisory formula (MSFA) and the revised rating based approach (RRBA). We examine the impact of the different assumptions, and find...

This paper explores which characteristics define banks that are too-big-to-fail in the Eurozone over the period 2002-2011. These banks are identified through ratings uplift data from Moody's. Higher ratings uplifts are associated with higher degrees of interest income and lower degrees of...

Using data from Japanese commercial banks during 2002-2012, we explore the relationship between banks' choice of capital buffers and prevailing macroeconomic conditions. We find a positive relationship between capital buffers and the phase of the business cycle, and further find that this...

The virtual isolation of Islamic financial markets from 2008's financial crisis prompted a quest to find the underlying determinants that stabilise the market's liquidity. Utilising data from the Malaysian bond market, the paper first provides insight into the trend and liquidity of the sukuk...

We empirically investigate the impact of shareholders' excess control rights (greater control than cash-flow rights) on bank profitability and risk before, during, and after the global financial crisis of 2007-2008. We use a unique hand-crafted dataset tracing the complete control chains of 788...