This paper analyzes the welfare impact of supervisory shopping in the banking sector. Supervisory shopping leads to a welfare-increasing "race to the top" among supervisors, if strong supervision increases banks' access to deposits by signaling that banks have a less risky balance sheet....

Traditional organizations are strongly encouraged by emerging digital customer behavior and digital competition to transform their businesses for the digital age. Incumbents are particularly exposed to the field of tension between maintaining and renewing their business model. Banking is one of...