- Quo Vadis Globalisation? Limits of Global Financial Regulation
9 June 2015
Since the 1990’s the global capital movements in the world economy took new direction: the previous scruples of the activity of transnational companies have disappeared. The global phenomena of…
- Bank Risk-Taking, Securitization, Supervision and Low Interest Rates: Evidence from the Euro Area and the U.S. Lending Standards
5 October 2010
Using a unique dataset of the Euro area and the U.S. bank lending standards, we find that low (monetary policy) short-term interest rates soften standards, for household and corporate loans. This…
- Preparing for Basel IV – Why Liquidity Risks Still Present a Challenge to Regulators in Prudential Supervision
22 December 2010
This paper considers and assesses various explanations attributed as principal factors of the recent Financial Crisis. In particular, it focuses on two principal regulatory tools which constitute the…
- Bank Supervision and Liquidity Creation
1 September 2021
This paper examines whether different supervisory practices affect banks’ liquidity creation. Using a sample of commercial banks in the 27 European countries over 1996-2013, we document a negative…
- Optimal Supervisory Architecture and Financial Integration in a Banking Union
Report · 20 June 2015
Both in the United States and in the Euro area, bank supervision is the joint responsibility of local and central/federal supervisors. I study how such a system can optimally balance the lower…
- Avoiding Another Enron: The Role of the External Auditor in Financial Regulation and Supervision
22 May 2009
Following the collapse of Enron, many questions have been raised as to why the UK has avoided its Enron. Many commentators have considered whether this is due to the fact that the UK's system of…
- Supervision by Risk and Minsky's Proposal for a Cash Flow-Oriented Bank Examination
30 August 2017
In recent statements, federal bank regulators from the OCC, FDIC, the Board of Governors of the Federal Reserve and Federal Reserve Banks have called for a new approach to bank examinations. The…
- Macro-Prudential Supervision in Europe and the U.S.: An Institutional Perspective
29 February 2024
This article delves into a comparative analysis of the European Systemic Risk Board (ESRB) and the Financial Stability Oversight Council (FSOC), with a focus on their roles in promoting financial…
- Micro- and Macro-Prudential Supervision: Is the Present Model of Financial Regulation Destructive?
23 October 2017
Banking regulation has undergone substantial reforms after the 2008 financial crisis. In spite of these developments, European banks, especially, continue to experience serious difficulties. Central…
- Bailouts, Taxation and Financial Supervision
3 July 2006
Two hypotheses are usually advanced to explain the East Asian twin financial and exchange rate crises in 1990's. The first, stresses market failure, namely the sudden shift in market sentiment that…
- The Limits of Prudential Supervision: Economic Problems, Institutional Failure and Competence
15 March 1999
Bank supervision typically receives little if any attention when banks are operating without difficulty. But when banks fail in large numbers, or large banks fail, and the system itself is…
- Macroprudential Supervision and Agents’ Information: What Stress Tests Really Tell the Markets
Report · 15 July 2020
Central banks' macro-prudential supervisory activities have to fulfill three distinct tasks: (i) assessing banking system's vulnerability to exogenous adverse turbulence, (ii) evaluating the risk of…
- Improving Credit Information, Bank Regulation, and Supervision: On the Role and Design of Public Credit Registries
Report · 20 April 2016
Powell, Mylenko, Miller, and Majnoni analyze how data in public credit registries can be used both to strengthen bank supervision and to improve the quality of credit analysis by financial…
- Are Foreign Banks More Profitable than Domestic Banks? Home- and Host-Country Effects of Banking Market Structure, Governance, and Supervision
Using both bank- and country-level data on banking sectors from 70 countries over the period 1992-2006, this paper empirically investigates the joint home- and host-country effects of banking market…
- Single Authority in Financial Market Regulation and Supervision: Trends and Economic and Political Determinants
7 May 2003
The objective of this work was to determine whether there is a current tendency toward the concentration of powers of financial regulation and supervision into a single authority, so as to analyze…
- Political Cycles in Financial Regulatory Enforcement
2 September 2013
While there is extensive research on financial regulatory policies, there is relatively little known about differences in bank regulatory enforcement across countries. This is one of the first…
- 금융위기 이후 감독체계 개편론 분석: 미국·영국·EU와 한국 (A Review of the Post-Crisis Proposals for Reforming the Institutional Structure of Financial Supervision in the United States, the United Kingdom, the European Union and in Korea)
15 August 2017
Korean Abstract: 글로벌 금융위기 이후, 국제적으로는 물론 각국 국내적으로도 감독개혁이 진행 중이다. 개혁 논의는 내용상 감독실질의 개혁과 감독체계(감독지배구조)의 개혁으로 대별된다. 이 글은 특히 미국·영국·EU에서 진행 중인 국내적 차원의 감독체계 개혁론을 각각 분석·비교한다. 이들 나라(지역)의 정부(관련 당국)는 각기 자국의…
- The Effect of Bank Supervision on Risk Taking: Evidence from a Natural Experiment
7 September 2017
In this paper, we exploit a natural experiment in which thrifts in several states witnessed an exogenous reduction in supervisory attention to assess the effect of supervision on financial…
- The Institutional Framework for the Supervision of the Financial Intermediary System in Hungary
Report · 11 April 2015
The economic crisis unfolding in 2007 had significant implications in terms of reinterpreting the role and responsibility of central banks. This paper presents a set of criteria for a “good”…
- Risk-oriented approach to determining bank’s capital size according to requirements of basel committee on banking supervision
Report · 11 February 2022
The article establishes that it is necessary to introduce capital requirements for the Basel Committee on Banking Supervision to improve the regulation of banking activities. The conducted experiment…
- Banking Regulation and Supervision, and the Output Cost of Systemic Banking Crises in Developed and Emerging Countries
Report · 7 August 2013
Recessions associated with banking crises are deeper and longer than other recessions. While banking crises are often believed to reflect defects in regulation and supervision, regulatory and…
- Risk Monitoring Tools in Bank Regulation and Supervision – Developments Since the Collapse of Barings Plc.
Report · 16 April 2010
This paper consolidates the work of its predecessor, “International Framework for Liquidity Risk Measurement, Standards and Monitoring: Corporate Governance and Internal Controls”, by considering…
- Die aktuellen Entwicklungen der Bankenaufsicht im Lichte der Stabilität des Finanzsystems (The Current Developments in Banking Supervision with Regards to Financial Stability)
Report · 18 August 2016
German Abstract: Die globale Finanzkrise hat deutlich gezeigt, dass der Banken- und Finanzsektor angemessen reguliert werden muss. Dabei kommt es vor allem darauf an, die Stabilität des Finanzsystems…
- EU Regulation and Supervision of Securities Business: A Critical Analysis of the Challenges Faced by the National Competent Authorities of Small EU and EEA EFTA Member States
Report · 21 February 2021
The paper aims at identifying the main challenges faced by the National Competent Authorities responsible for securities regulation and supervision of small EU and EEA EFTA Member States (SNCAs)…
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