Reconsidering bank capital regulation: a new combination of rules, regulators, and market discipline
| Autor: | Celine Rochon, Connel Fullenkamp |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Western hemisphere
Finance 050208 finance Bank capital business.industry 05 social sciences Equity (finance) Bank regulation Resolution (logic) Market discipline Capital adequacy ratio Action (philosophy) Capital (economics) 0502 economics and business Capital requirement General Earth and Planetary Sciences Business 050207 economics Business and International Management General Economics Econometrics and Finance Banking systems Bank supervision Bank regulations Capital regulation Capital requirements Regulation bank capital regulation banking capital adequacy Government Policy and Regulation Government Policy and Regulation General Environmental Science |
| Zdroj: | Journal of Economic Policy Reform. 20:343-359 |
| ISSN: | 1748-7889 1748-7870 |
| Popis: | Despite revisions to bank capital standards, fundamental shortcomings remain: the rules for setting capital requirements need to be simpler, and resolution should be an essential part of the capital requirement framework.We propose a new system of capital regulation that addresses these needs by making changes to all three pillars of bank regulation: only common equity should be recognized as capital for regulatory purposes, and risk weighting of assets should be abandoned; capital requirements should be assigned on an institution-by-institution basis according to a regulatory (s,S) approach developed in the paper; a standard for prompt, corrective action is incorporated into the (s,S) approach. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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