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Operationalising the countercyclical capital buffer : indicator selection, threshold identification and calibration options

Detken, Carsten; Weeken, Olaf; Alessi, Lucia; Bonfim, Diana - 2014

This paper presents the analysis underpinning the ESRB Recommendation on guidance on setting countercyclical buffer rates (ESRB 2014/1). The Recommendation is designed to help authorities tasked with setting the countercyclical capital buffer (CCB) to operationalise this new macroprudential...

Persistent link: https://www.econbiz.de/10011972814

Strategic default in financial networks

Allouch, Nizar; Jalloul, Maya - 2018

This paper investigates a model of strategic interactions in financial networks, where the decision by one agent on whether or not to default impacts the incentives of other agents to escape default. Agents' payoffs are determined by the clearing mechanism introduced in the seminal contribution...

Persistent link: https://www.econbiz.de/10011812108

The Interplay between Regulations and Financial Stability

Allen, Franklin - 2018

The crisis demonstrated that microprudential regulation focusing on the risks taken by individual banks is not sufficient to prevent crises. This is because it ignores systemic risk. Six types of systemic risk are identified, namely: (i) panics – banking crises due to multiple equilibria; (ii)...

Persistent link: https://www.econbiz.de/10012924928

Toward a Framework for Macroprudential Regulation and Supervision of Systemically Important Financial Institutions (SIFI)

Nacaskul, PhD, DIC, CFA, Poomjai - 2010

One of the key features of regulatory-supervisory reform thinking post 2006-2007 Global Financial (nee US Subprime Mortgage) Crisis is emergence and popularisation of the ‘systemic' theme. In a similar vein, talks of ‘too interconnected to fail' superseding ‘too big to fail' widely...

Persistent link: https://www.econbiz.de/10013134888

Drivers of systemic risk : do national and European perspectives differ?

Buch, Claudia M.; Krause, Thomas; Tonzer, Lena - 2017

its size and profitability. It decreases in a bank's share of loans to total assets. Third, the qualitative determinants …. Since the establishment of the Banking Union in 2014, the European Central Bank (ECB) can impose stricter regulations than … bank's contribution to systemic risk (SRISK) at the national and the euro-area level. Our research delivers three main …

Persistent link: https://www.econbiz.de/10011640989

The perennial challenge to abolish too-big-to-fail in banking : empirical evidence from the new international regulation dealing with global systemically important banks

Moenninghoff, Sebastian C.; Ongena, Steven; Wieandt, Axel - 2014

This paper provides evidence on how the new international regulation on Global Systemically Important Banks (G-SIBs) impacts the market value of large banks. We analyze the stock price reactions for the 300 largest banks from 52 countries across 12 relevant regulatory announcement and...

Persistent link: https://www.econbiz.de/10010412297

A lost game of bank gargains : West Germany and international banking regulation between Bretton Woods and Basel I (1972-1988)

Kemmerer, Matthias - In: Jahrbuch für Wirtschaftsgeschichte 64 (2023) 2, pp. 339-375

-based informal co- and self-regulation through domestic (gentlemen's) agreements underpinned West German bank internationalisation …

Persistent link: https://www.econbiz.de/10014436557

Financial Regulation Reform and Too Big to Fail

McDonnell, Brett - 2012

Perhaps the leading critique of the Dodd-Frank Act is that it does too little to address the problem of too big to fail (“TBTF”) financial institutions. The critique of TBTF institutions has two main components. The economic argument focuses on a major moral hazard problem. The political...

Persistent link: https://www.econbiz.de/10013112241

The Political Economy of Dodd-Frank : Why Financial Reform Tends to be Frustrated and Systemic Risk Perpetuated

Coffee, John C. - 2012

Several commentators have argued that financial “reform” legislation enacted after a market crash is invariably flawed, results in “quack corporate governance” and “bubble laws,” and should be discouraged. This criticism has been specifically directed at both the Sarbanes-Oxley Act...

Persistent link: https://www.econbiz.de/10013112700

Financial networks as a source of systemic instability

Zieliński, Tomasz - In: E-Finanse : finansowy kwartalnik internetowy 12 (2016) 3, pp. 59-68

Systemic risk is a fundamental constituent of contemporary financial systems. For the past decades a growing number of abrupt upsets in financial systems could be observed. Due to previous experiences, politicians and regulators prefer to identify the off enders outside the system or to blame...

Persistent link: https://www.econbiz.de/10011616783