This paper develops a model of banking to study the risk-taking consequences of contingent capital (CC). It begins with … (latter) asset typically induces a preference for risk taking (safety), the net preference of CC-holders upon conversion … preferences and equity control rights - may be inclined to either: (1) dilute their own equity stakes through "excessive" risk …

institutions is firmly embedded in bank supervisory law and regulation. Most recently there has been intense discussion on the … far as risk and compliance are concerned, but also the remuneration paid to bank directors and senior managers or key … purpose of (non-bank) corporations. Shareholder governance and stakeholder governance have been and still are the two …

governance specificities. We conclude that parts of the particular bank governance legislation and regulation misses appropriate …Banks and bank governance are different. We critically assess the arguments used to pervade these divergences in … operational activities. We also question if and how, in light of the specificity of banking activities, bank governance translates …

as for Swiss and Belgian banks; establishment of a separate risk committee of the board or an independent chief risk … banks and other financial institutions, specifically for risk management, internal control and compliance, and internal and … having a number of independent directors is useful. These and other requirements of the regulation and supervision of banks …

or an independent chief risk officer; dealing with the problem of complex or opaque bank structure; and group … bank-internal procedures, specifically for risk management, internal control and compliance, and internal and external … regulation and bank supervision must not spill over to the corporate governance of the firm …

function of bank boards, the compensation of bank executives and the function of risk management within organizations needs … shareholders and other stakeholders of the way in which they are run. The problem of bank governance stems from the way in which … banks are financed and regulated, from the externalities bank failures produce, and from the nature of their assets. In the …

. By definition, a floating NAV prevents MMFs from breaking the buck but is unlikely to eliminate the risk of large … shape of MMF reform has been influenced by a turf war among regulators as the SEC has battled with bank regulators both … about the need for additional reforms and about the structure and timing of those reforms. Bank regulators have been …