In this paper, we investigate how the introduction of complex, model-based capital regulation affected credit risk of … financial institutions. Model-based regulation was meant to enhance the stability of the financial sector by making capital … associated with these loans and priced them accordingly. Further, we document that large banks benefited from the reform as they …

This Article considers the application of “new governance” theory and scholarship to financial regulatory reform by …-emphasized in financial regulation legal scholarship. New governance scholarship focuses on these modes of interaction and tools of … processes.This Article finds that the bank regulators adopted this “internal models approach” to capital adequacy in order to …

. Yet, most of the existing rules in financial regulation are still “atomistic,” in that they fail to incorporate the fact …

. Yet, most of the existing rules in financial regulation are still “atomistic,” in that they fail to incorporate the fact …