Banking regulators often practice forbearance and ambiguity in insolvency resolutions. The paper examines the effects … of regulatory forbearance and ambiguity in a context of allocational efficiency. Bailouts, liquidations and their … stochastic policy mix lead to suboptimal allocations if banks do not internalize insolvency costs. The policy of forbearance may …

Banking regulators often practice forbearance and ambiguity in insolvency resolutions. The paper examines the effects … of regulatory forbearance and ambiguity in a context of allocational efficiency. Bailouts, liquidations and their … stochastic policy mix lead to suboptimal allocations if banks do not internalize insolvency costs. The policy of forbearance may …

Banking regulators often practice forbearance and ambiguity in insolvency resolutions. The paper examines the effects … of regulatory forbearance and ambiguity in a context of allocational efficiency. Bailouts, liquidations and their … stochastic policy mix lead to suboptimal allocations if banks do not internalize insolvency costs. The policy of forbearance may …

economy and compares abilities of market-based andbank-based financial systems in processing the shock. Unregulated banking … improve the performance of the banking system.... …

On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame … Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial … College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …

banking system to aggregate liquidity shocks? And what are the implications, if any, for banking regulation? To answer these …