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Bank Stress Testing: Public Interest or Regulatory Capture? / Thomas Ian Schneider, Philip E. Strahan, Jun Yang.
- Format:
- Book
- Author/Creator:
- Schneider, Thomas Ian.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w26887.
- NBER working paper series no. w26887
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Bank Stress Testing
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2020.
- Summary:
- We test whether measures of potential influence on regulators affect stress test outcomes. The large trading banks - those most plausibly 'Too big to Fail' - face the toughest tests. In contrast, we find no evidence that either political or regulatory connections affect the tests. Stress tests have a greater effect on the value of large trading banks' portfolios; the large trading banks respond by making more conservative capital plans; and, despite their more conservative capital plans, the large trading banks still fail their tests more frequently than other banks. These results are consistent with a public-interest view of regulation, not regulatory capture.
- Notes:
- Print version record
- March 2020.
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