The G-20′s regulatory agenda and banks’ risk
Gerald P. Dwyer and
Maria J. Nieto
Journal of Financial Stability, 2018, vol. 39, issue C, 66-78
Using international listed banks from the United States, Europe, Japan and China from 2004 to 2014, we analyze the effect on banks’ risk of some of the most relevant new elements of the prudential regulatory framework proposed after the Financial Crisis. We measure risk by a market measure, the volatility of banks’ stock returns. We also examine the effect of government support during the financial crisis and designation as a G-SIB. We find little support for an association with government support and none for a negative relationship. We find support for a positive effect of designation as a G-SIB on risk. We find a positive association with securities trading and a negative association with capital. Banks´ chosen liquidity is unimportant for this measure of risk.
Keywords: Banks; Regulation; Financial crisis (search for similar items in EconPapers)
JEL-codes: G21 G38 G01 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finsta:v:39:y:2018:i:c:p:66-78
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