Max Headroom: Discretionary Capital Buffers and Bank Risk
| العنوان: | Max Headroom: Discretionary Capital Buffers and Bank Risk |
|---|---|
| المؤلفون: | Martien Lubberink |
| بيانات النشر: | Open Access Te Herenga Waka-Victoria University of Wellington, 2022. |
| سنة النشر: | 2022 |
| مصطلحات موضوعية: | Economics and Econometrics, History, Polymers and Plastics, Exploit, Pillar, 150199 Accounting, Auditing and Accountability not elsewhere classified, Financial system, FOS: Law, Industrial and Manufacturing Engineering, Headroom (audio signal processing), FOS: Economics and business, Bank risk, Stress test, 150299 Banking, Finance and Investment not elsewhere classified, Capital requirement, Business, Business and International Management, Law, Finance |
| الوصف: | This paper examines the association between discretionary capital buffers, capital requirements, and risk for European banks. The discretionary buffers are banks' own buffers, or headroom: the difference between reported and required capital. I exploit capital requirements data that banks started to disclose since the release of a 2015 European Banking Authority opinion. Results using detailed SREP and Pillar 2 data of the largest 99 European banks over 2013-2019 show that less headroom is associated with increased bank risk. An additional examination reveals a positive association between headroom and stress test results for banks subjected to the Single Supervisory Mechanism, a result that runs against supervisory requirements. |
| DOI: | 10.25455/wgtn.21391557 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::20ae468e0a0052e9ce1de63ac51d843e |
| Rights: | CLOSED |
| رقم الانضمام: | edsair.doi.dedup.....20ae468e0a0052e9ce1de63ac51d843e |
| قاعدة البيانات: | OpenAIRE |
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