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In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the findings are consistent with regulatory capture, which...
Persistent link: https://www.econbiz.de/10012103556
'' incentives, we show that under an expanded mandate to explicitly oversee systemic risk, regulators would be more forbearing … degree of systemic risk vis-á-vis a multiple regulatory arrangement …
Persistent link: https://www.econbiz.de/10014398488
. It is shown that such ""regulatory capture"" in banking does not imply ineffectual regulation; a ""captured"" regulator … may impose very tight, costly prudential requirements to reduce negative spillovers of risk-taking by weaker banks. In …
Persistent link: https://www.econbiz.de/10014400538
, and effective regulation. Recent developments suggest that regulatory approaches and their legal foundations need to … augment entity-based regulation with increasing focus on activities and risks as market structure changes. This paper draws on …
Persistent link: https://www.econbiz.de/10012251408
system of capital regulation that addresses these needs by making changes to all three pillars of bank regulation: only … common equity should be recognized as capital for regulatory purposes, and risk weighting of assets should be abandoned …
Persistent link: https://www.econbiz.de/10014411506
This study assesses the overall impact on credit of the financial regulatory reforms in Europe, Japan, and the United States. Long-term cost estimates are provided for Basel III capital and liquidity requirements, derivatives reforms, and higher taxes and fees. Overall, average lending rates in...
Persistent link: https://www.econbiz.de/10014395668
concerns about the cost-effectiveness of the present framework of deposit insurance and regulation of depository institutions … altering those regulations of depository institutions that limit portfolio risk to reduce their overall cost. Consideration is …
Persistent link: https://www.econbiz.de/10014395783
The use of collateral has become one of the most widespread risk mitigation techniques. While it brings stabilizing … effects to the individual lender we argue that it may exacerbate systemic risk through margin call activation. We show how a …
Persistent link: https://www.econbiz.de/10014397334
This paper describes how behavioral elements are relevant to financial supervision, regulation, and central banking. It …
Persistent link: https://www.econbiz.de/10011905870
In Latin America and the Caribbean (LAC), financial technology has been growing rapidly and is on the agenda of many policy makers. Fintech provides opportunities to deepen financial development, competition, innovation, and inclusion in the region but also creates new and only partially...
Persistent link: https://www.econbiz.de/10012009989