find that the market pricing of bank debt appears to have responded to changes in liquidity measures, especially at large … liquidity regulations. Basel III and the capital stress tests introduced new requirements and new definitions while retaining …

consider liquidity regulation to be binding. Bank- and country-specific characteristics also matter. Liquid balance sheets and …We measure market reactions to announcements concerning liquidity regulation, a key innovation in the Basel framework …. Our initial results show that liquidity regulation attracts negative abnormal returns. However, the price responses are …

We investigate how liquidity regulations affect banks by examining a dormant monetary policy tool that functions as a … liquidity regulation. Our identification strategy uses a regression kink design that relies on the variation in a marginal high … credit supply. Liquidity requirements also depress banks' profitability, though some of the regulatory costs are passed on to …

We evaluate the effects of post-crisis liquidity regulation on the U.S. banking system. We find that regulated banks … have substantially improved their liquidity ratios by holding more liquidity buffers and terming out their liabilities …. However, some liquidity transformation has migrated to intermediaries not subject to liquidity regulation, such as small banks …

theoretical models' predictions of a trade-off between liquidity buffers and bank opacity that exacerbates funding liquidity risk …We evaluate how the liquidity coverage rule affects US banks' opacity and funding liquidity risk. Banks subject to the … rule become significantly more opaque and funding liquidity risk increases by $245 million per quarter. Higher funding …

to reduce the bank manager' incentives to take risks in order to promote financial stability. On both sides of the …' remuneration is economically justified, it is doubtful that assigning independent directors the task to discipline bank managers … pay structure and the risk management policies of a bank and protect their investment accordingly. This mechanism, however …

, liquidity management, and synergy improvements that reduce risk. The outcomes of such trade-offs may depend on bank governance … this type of complexity, leading to a decrease in systemic risk and an increase in liquidity risk among BHCs. While bank …Bank holding companies (BHCs) can be complex organizations, conducting multiple lines of business through many distinct …

parallel to the implementation of Basel III, a non-risk-sensitive leverage ratio and new liquidity standards are introduced. I … their voluntary liquidity reserves, or in combination with a binding liquidity coverage ratio requirement, to shrink the …

The convention in calculating trading costs in corporate bond markets is to assume that dealers provide liquidity to … provide liquidity in corporate bond markets, and thus, average bid-ask spreads underestimate trading costs that customers … demanding liquidity pay. Compared with periods before the 2008 financial crisis, substantial amounts of liquidity provision have …