Divulgence of Additional Capital Requirements in the EU Banking Union

Michał Kruszka and Marcin Wroński
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Michał Kruszka: Finance and Accounting Department, Vistula University, ul. Stoklosy 3, 03-787 Warsaw, Poland

Economies, 2020, vol. 8, issue 2, 1-10

Abstract: The European Central Bank, as a supervisory authority, set additional to the European level one capital requirements known as Pillar 2 for 118 significant credit institutions. Disclosure of Pillar 2 requirements is not compulsory, although many credit institutions choose to inform about them. We estimate a logit model to investigate if being listed on stock exchange, size, profitability and credibility have impact on the probability of divulgence. We estimate sixteen specifications of our model to compare the explanatory power of different measures of size, profitability and credibility. The legal form and the size are statistically significant in all specifications, while profitability and credibility are significant only in some of them.

Keywords: pillar 2 requirements; P2R; capital requirements; disclosure of financial data; financial market regulation; EU; banking union (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jecomi:v:8:y:2020:i:2:p:37-:d:355579

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