Showing 1 - 10 of 15
acquiring banks value profitable, high-growth, and low-risk targets. We also find that the strength of bank regulation and …We analyze the takeover premiums paid for a sample of European bank mergers between 1997 and 2007. We find that … supervision and of deposit insurance regimes in Europe has measurable effects on takeover pricing. Stricter bank regulatory …
Persistent link: https://www.econbiz.de/10010292291
This paper studies the impact of European bank mergers and acquisitions on changes in key safety and soundness measures … of both acquirers and targets. We find that capitalization, profitability, and liquidity show signs of statistically and … insurance funding regimes tend to result in positive postmerger changes in liquidity and performance. …
Persistent link: https://www.econbiz.de/10010292358
remain. This paper examines whether stricter regulation of incentive compensation is the missing piece needed to reduce risk … to acceptable levels. Unfortunately, this review of the literatures on the relationship of risk to bank chief operating …Although a number of steps have been taken to reduce the risk of financial stability, some significant weaknesses …
Persistent link: https://www.econbiz.de/10012030288
In the United States and the European Union (EU), political incentives to oppose cross-border banking have been strong in spite of the measurable benefits to the real economy from breaking down geographic barriers. Even a federal-level supervisor and safety net are not by themselves sufficient...
Persistent link: https://www.econbiz.de/10011460623
credit and interest rate risk, the way it measures bank capital, and the way it creates countercyclical capital buffers …
Persistent link: https://www.econbiz.de/10010397674
The Basel capital adequacy ratios lost credibility with financial markets during the crisis. This paper argues that failure was the result of the reliance of the Basel standards on overstated asset values in reported equity capital. The United States' stress tests were able to assist in...
Persistent link: https://www.econbiz.de/10010397713
Over the past years, several countries around the world have adopted a system of prudential prompt corrective action (PCA). The European Union countries are being encouraged to adopt PCA by policy analysts who explicitly call for its adoption. To date, most of the discussion on PCA has focused...
Persistent link: https://www.econbiz.de/10010292333
This paper analyzes the determinants of bank acquisitions both within and across 25 members of the European Union (EU …
Persistent link: https://www.econbiz.de/10010292345
This paper seeks to contribute to the U.S. housing finance reform conversation by providing a critical assessment of the various types of policy proposals that have been offered. There appears to be a broad consensus to maintain explicit government guarantees for certain narrowly defined...
Persistent link: https://www.econbiz.de/10010292239
primary responsibility for risk management must rest with firms, not government supervisors. Unfortunately, systemic risk … concerns have led governments to shield the private sector from the full losses that dull their incentive to discipline risk …
Persistent link: https://www.econbiz.de/10010292244