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This written testimony accompanied Professor J.W. Verret's oral testimony before the House Committee on Financial Services. This testimony argues that executive compensation proposals by the Administration will not address any systemic risk posed by large financial institutions. It also argues...
Persistent link: https://www.econbiz.de/10013157878
innovations and lenient government regulation are at the root of the current financial crisis and recession. Combined with a long … argued that we need to change the way we approach the regulation of financial institutions and look at what has been done in … other sectors of the economy, where regulation and supervision are proactive and carefully implemented in order to guarantee …
Persistent link: https://www.econbiz.de/10013156908
Sector-specific macroprudential regulations can increase the riskiness of credit to other sectors. First, using cross-country bank-level data we find that after a tightening of household-specific macroprudential policy during a credit expansion, banks with larger portfolios of residential...
Persistent link: https://www.econbiz.de/10013553461
finds that effective regulation can help to create a viable junior equity market that facilitates the development of smaller …
Persistent link: https://www.econbiz.de/10013071381
An important question in banking is how strict supervision affects bank lending and in turn local business activity. Supervisors forcing banks to recognize losses could choke off lending and amplify local economic woes. But stricter supervision could also change how banks assess and manage...
Persistent link: https://www.econbiz.de/10012668203
Regulators of financial institutions in most parts of the globe are making impressive achievement in terms of regulating the behavior of banks on the level of risk they can take in making investment decisions. Professionals in the finance industry have made a huge impact in trying to regulate...
Persistent link: https://www.econbiz.de/10013247489
This working paper aims to take stock of global efforts towards financial reform since the start of the financial crisis in 2007–08 and to provide a synthetic (if simplified) picture of their status as of January 2012. Underlying dynamics are described and analyzed both at the global level...
Persistent link: https://www.econbiz.de/10013112243
Persistent link: https://www.econbiz.de/10012967860
Persistent link: https://www.econbiz.de/10010407817
Over the past two decades, hedge fund activism has emerged as a new mechanism of corporate governance that brings about operational, financial and governance reforms to a corporation. Many prominent business executives and legal scholars are convinced that the entire American economy will suffer...
Persistent link: https://www.econbiz.de/10012999130