capital regulation with a leverage ratio and a risk-weighted ratio. Regulators face a trade-off between the efficient …

submitted its report in 2013 and four of its members recorded dissenting notes. This paper examines the changes in regulation in …

regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly … "missed the forest for the trees". As a result, the need for macroprudential aspects of regulation emerged, which has recently … macroprudential regulation in creating stable, yet effcient financial systems. At the same time, I emphasize the importance of …

that have different objectives. Therefore, I investigate the legitimacy of prudential regulation based on the capital … the prudential regulator reacts to shortcomings to ensure a higher degree of legitimacy in prudential banking Regulation …

. I show that when the bank has an informational advantage over the regulator, designing risk-sensitive banking regulation … gives rise to a trade-off: relying on the banking market for information to refine regulation improves bank risk-taking but …Banking is risky and prone to failure. Yet banking regulation is surprisingly not all that risk-sensitive in practice …

systemic risk. A wide consensus now exists among them that network theory is the natural framework for studying systemic risk …. Yet, most of the existing rules in financial regulation are still “atomistic,” in that they fail to incorporate the fact … network theory (network-sensitive policies) can address systemic risk more effectively than traditional atomistic policies …

systemic risk. A wide consensus now exists among them that network theory is the natural framework for studying systemic risk …. Yet, most of the existing rules in financial regulation are still “atomistic,” in that they fail to incorporate the fact … network theory (network-sensitive policies) can address systemic risk more effectively than traditional atomistic policies …

the goal of using regulation to maintain financial stability is clear, it is not obvious how to design an effective … effectiveness of bank stress testing as a tool to enhance financial stability, whether the financial crisis was caused by too big to …

Regulation of risks in banking is driven by evolution of financial intermediation and markets, and vice versa. The … banking regulation in the world, precise requirements and scope were reformed and implemented in response to crises and global … the paradigm from partial improvements under financial liberalization regime to a world-wide regulation tightening on the …