We compare the timeliness and accuracy of government supervisors versus market participants in assessing the condition of large U.S. bank holding companies. We find that supervisors and bond rating agencies both have some prior information that is useful to the other. In contrast, supervisory...

We compare the timeliness and accuracy of government supervisors versus market participants in assessing the condition of large U.S. bank holding companies. We find that supervisors and bond rating agencies both have some prior information that is useful to the other. In contrast, supervisory...

We compare the timeliness and accuracy of government supervisors versus market participants in assessing the condition of large U.S. bank holding companies. We find that supervisors and bond rating agencies both have some prior information that is useful to the other. In contrast, supervisory...

Theory suggests that banks hold substantial private information. The main purpose of bank examinations is to acquire some of this information. We use event study methodology to explore whether bank examinations are associated with abnormal stock market returns. We identify three types of...

Theory suggests that banks hold substantial private information. The main purpose of bank examinations is to acquire some of this information. We use event study methodology to explore whether bank examinations are associated with abnormal stock market returns. We identify three types of...