This editorial examines global efforts to regulate the shadow banking system, in particular the green paper released by the European Commission in March 2012. It suggests that the financial market landscape in Europe is currently in flux and large swings in market activity — either through...

The recent report by Standards and poor has generated a lot of controversies. While some commentators are saying such report should be discarded others are clamouring for its proper perusal and examination. Investors are beginning to panic over their investments. The question in the lips of...

Given the fragmented structure of the U.S. government, business is able to capitalize on its structural power only when it is united. This paper illustrates this dynamic through an analysis of the processes leading to the enactment of the Financial Modernization Act (FMA) of 1999, which repealed...

Purpose Financial inclusion aims to provide affordable financial services, including banking, loans, equity, and insurance products, to underserved populations. This study aims to examine the moderating effect of a bank's capital adequacy ratio (CAR) on the nexus between financial inclusion (FI)...

This paper aims at testing the effect of AIG's loss announcements and Federal Reserve's subsequent innovation on the financial industry. An analysis of seemingly unrelated regression on the returns of four industries- banking, insurance, brokerage firms and savings and loan Institutions (S&Ls)...

Using a sample of 1,992 banks from 39 OECD countries during the 1999–2013 period, we examine whether the imposition of higher capital ratios is effective in reducing risk and improving the efficiency and profitability of banking institutions. We demonstrate that while risk- and non-risk based...