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The impact of regulatory penalties on bank stability: evidence from global systemically important banks
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| 5.74 MB | Adobe PDF |
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Resumo(s)
I investigate the impact of regulatory penalties on bank stability by focusing on 20 systemically
important banks from Europe and the U.S. between 2011 and 2023. I use the Tier 1 Capital
Ratio, Return on Assets and the Z-Score to measure bank stability, along with a manually
collected dataset of regulatory penalties imposed by U.S. and European supervisory authorities.
The findings reveal a strong, significant and lasting impact of imposed penalties on the Tier 1
capital ratio, which offsets the negative impact on Return on Assets, so that there is no decline
in the Z-Score, implying a stable insolvency risk.
Descrição
Palavras-chave
Regulatory penalties Banking regulation Financial stability Supervisory effectiveness