We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where …

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

regulation, recovery and resolution, and risk culture. …

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 … introduce the model-based approach. Counter to the stated objectives, the introduction of complex regulation adversely affected …