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regulation has been a recurring activity in Western financial systems over the last 50 years. After the financial crisis of 2007 …, including several specific regulatory constraints being placed on non-bank financial institutions (NBFI). This paper proposes a … regulation of particular contractual arrangements, this paper argues for a normative approach to supervision. We outline this …
Persistent link: https://www.econbiz.de/10012105218
liabilities subject to bail-in. The combination of both components leads to a three-layer structure of bank capital: a bail …
Persistent link: https://www.econbiz.de/10011762942
debate regarding (a) the creation of a European Deposit Insurance System (EDIS) and (b) the further harmonisation of bank …
Persistent link: https://www.econbiz.de/10013300341
a bank-level systemic risk indicator that can be decomposed into a bank's individual risk and its systemic linkage. To …This paper investigates how countries' micro-prudential regulatory regimes are related to banks' systemic risk. We use … proxy the strictness of a country's regulatory regime, we employ World Bank survey data …
Persistent link: https://www.econbiz.de/10012860144
Are bank resolution regimes effective enough to improve financial stability? We look at the effect of the new bank … resolution reforms on the systemic risk of big financial conglomerates. We find that in developed countries, parents in a … stricter resolution regime have lower systemic risk contributions, compared to their foreign subsidiaries. The opposite is true …
Persistent link: https://www.econbiz.de/10013293062
The failure to spot emerging systemic risk and prevent the current global financial crisis warrants a reexamination of …
Persistent link: https://www.econbiz.de/10013145394
This paper builds a model of a regulation game, in which the active regulator moves first and designs the regulation … requirement with the consideration of the network formed by banks and the associated systemic risk. Banks form the network … strategically and diversify their portfolios within the network in response to the regulation. Multiple equilibrium network …
Persistent link: https://www.econbiz.de/10014235971
almost 4,000 bonds, we test whether credit rating based- regulation can create the bank moral hazard predicted by our model … ratings only partially reflect systematic risk. If a bank chooses bonds within a given credit rating that have above median … bank's physical expected default losses, a bank can increase its shareholder value by making loans and investing in bonds …
Persistent link: https://www.econbiz.de/10013109208
We examine the effects of opacity on bank valuation and the synchronicity of bank equity prices over the years 2000 … rise in bank equity share prices, decrease in transparent asset holdings by banks, and greater price synchronicity …
Persistent link: https://www.econbiz.de/10013070815
-2009 financial crisis, research has also paid more attention to systemic risk and the impact of financial institutions on systemic … risk. As fintech grows, so too should the concern about its possible impact on systemic risk. This paper analyzes two … firms against the financial system to measure their impact on systemic risk. Our results show that at this time fintech …
Persistent link: https://www.econbiz.de/10012219547