III rules, thus suggesting a 'race to the top' in capital standards. We study regulatory competition when banks are … coordinated ones when governments care equally about bank profits, taxpayers, and consumers. …

regulatory competition when banks are heterogeneous and give loans to firms that produce output in an integrated market. In this … bank profits, taxpayers, and consumers. …

This paper studies regulatory competition in the banking sector in a model where banks are heterogeneous and taxpayers … strictly regulated country. In this model, regulatory competition in capital standards may lead to a `race to the top' for two … governments are heavily concerned about the tax revenue losses arising from bank failures, strict capital requirements are imposed …

III rules, thus suggesting a ‘race to the top' in capital standards. We study regulatory competition when banks are … coordinated ones when governments care equally about bank profits, taxpayers, and consumers …

In 2014 the Prudential Regulation Authority, Bank of England, was given a new secondary objective to facilitate … effective competition when it advances its primary objectives related to safety and soundness and policyholder protection. Given … the concerns around conflict between competition and stability, there has been considerable interest in the new objective …

regulation, recovery and resolution, and risk culture. …