Regulation and Bank Performance in Europe

Georgios E. Chortareas, Claudia Girardone and Alexia Ventouri

Chapter 7 in Bank Performance, Risk and Firm Financing, 2011, pp 154-173 from Palgrave Macmillan

Abstract: Abstract A complex net of regulations permeates the financial systems of most developed and emerging economies. The various rationales emphasize the implications of fragile financial structures for social welfare, especially those that materialize when financial crises occur. Given their specialness, banks are typically more heavily regulated than nonbanking financial institutions. Bank regulation, that is, the rules governing banks’ behaviour, is complemented by bank supervision, which refers to the oversight which ensures that banks comply with those rules.1 Both financial and bank regulation are highly controversial issues, and the debate has become more intense, especially since the 2008 financial crisis. The extent of financial regulation in the pre-crisis period has been considered inadequate by some analysts and excessive or misplaced by others. The financial crisis in itself is a manifestation of the failure of the existing regulatory framework, rendering the reconsideration of the existing arguments and policy institutions necessary.

Keywords: Data Envelopment Analysis; Efficiency Score; Commercial Bank; Market Discipline; Bank Performance (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-31387-3_8

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DOI: 10.1057/9780230313873_8

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