Regulatory oversight and bank risk
| Autor: | Dimitris K. Chronopoulos, John O.S. Wilson, Muhammed H. Yilmaz |
|---|---|
| Přispěvatelé: | University of St Andrews. Centre for Responsible Banking and Finance, University of St Andrews. School of Management |
| Rok vydání: | 2023 |
| Předmět: |
MCC
History Difference-in-differences Regulatory relief HG Finance Polymers and Plastics Dodd-Frank Act Consumer Protection Act Bank regulation SDG 8 - Decent Work and Economic Growth Bank risk HG Industrial and Manufacturing Engineering 3rd-NDAS Business and International Management General Economics Econometrics and Finance Economic growth Finance |
| Zdroj: | Journal of Financial Stability. 64:101105 |
| ISSN: | 1572-3089 |
| DOI: | 10.1016/j.jfs.2023.101105 |
| Popis: | We investigate how a change in regulatory oversight affects bank risk, using the passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 as a setting. Using a sample of bank holding companies (BHCs) covering the period 2015Q1 through 2020Q1, we find that risk increases for large BHCs affected by a change in regulatory oversight. In addition to increasing bank level risk, affected BHCs increase their respective contribution to the systemic risk. These BHCs also experience higher profitability, increased market valuation and reduced compliance costs. Publisher PDF |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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