Economics at your fingertips  

An analysis of European banks SND issues and its implications for the design of a mandatory subordinated debt policy

Andrea Sironi ()

No 2000-41, Finance and Economics Discussion Series from Board of Governors of the Federal Reserve System (US)

Abstract: During the last twenty years an increasing number of proposals to improve bank market discipline through the introduction of a mandatory subordinated debt policy have been drafted and critically discussed by academic economists and bank regulators. While theoretical issues are key in this debate, a proper understanding of the market of banks' subordinated notes and debentures (SND) and of the securities main features is also considered as relevant for the potential introduction, design, and goals setting of such a policy. This paper builds on information concerning issuers, investors, markets, and securities technical features to critically discuss these aspects. Data on over 1,800 European banks' SND issues completed during the 1988-2000 period together with information on primary and secondary market functioning is presented.

Keywords: Banking market - European; Risk management; Banks and banking (search for similar items in EconPapers)
Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link) (text/html) (application/pdf)

Related works:
Journal Article: An Analysis of European Banks' SND Issues and its Implications for the Design of a Mandatory Subordinated Debt Policy (2001) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This working paper can be ordered from
http://www.federalre ... /feds/fedsorder.html

Access Statistics for this paper

More papers in Finance and Economics Discussion Series from Board of Governors of the Federal Reserve System (US) Contact information at EDIRC.
Bibliographic data for series maintained by Ryan Wolfslayer ().

Page updated 2019-10-18
Handle: RePEc:fip:fedgfe:2000-41