This paper provides evidence for regulatory arbitrage within the class of asset-backed securities (ABS) based on … with the highest yield and the lowest collateral performance among ABS with the same regulatory risk weight. This reaching …

the Eurosystem’s risk management framework for ABSs and CBs, and support the orientation of recent regulatory efforts at …

banks' capital management toolkit, alongside other standard but better-known instruments. Drawing on the ECB's unique and …

This study examines the relationship between securitization and loan performance using proprietary loan-level data from … retained on the bank's balance sheet, suggesting no adverse selection or moral hazard within the Chinese securitization market … instrumental variable estimators. Exploiting the introduction of the New Asset Management Rule as a quasi-natural experiment, which …