Too-Big-to-Fail in Banking

Impact of G-SIB Designation and Regulation on Relative Equity Valuations

AvTom Filip Lesche

Häftad, Engelska, 2021

Del i serien Finanzwirtschaft, Banken und Bankmanagement I Finance, Banks and Bank Management

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Beskrivning

The results suggest that the G-SIB designation effect, which positively impacts G-SIBs’ share prices because of funding benefits from IGGs, is dominated by the regulatory G-SIB burden effect, which negatively impacts G-SIBs’ share prices because of lower profitability due to capital surcharges and other regulatory requirements placed on G-SIBs.

Produktinformation

Utgivningsdatum:2021-06-29
Mått:168 x 240 x 15 mm
Vikt:455 g
Format:Häftad
Språk:Engelska
Serie:Finanzwirtschaft, Banken und Bankmanagement I Finance, Banks and Bank Management
Antal sidor:248
Upplaga:21001
Förlag:Springer Fachmedien Wiesbaden
ISBN:9783658341817

Utforska kategorier

Finansiering inom Ekonomi och Ledarskap

Mer om författaren

Dr. Tom Filip Lesche is a venture capitalist investing into financial technology companies. Previously he was an investment banker advising financial institutions on capital markets and M&A transactions.

Innehållsförteckning

1 Introduction and Overview.- 2 A Primer for Economics of Banking.- Part I Too-Big-to-Fail in Banking Review.- 3 Introduction to Too-Big-to-Fail in Banking.- 4 TBTF Causal Chain: Explicit and Implicit Government Guarantees.- 5 Public Cost and Benets of TBTF.- 6 TBTF Policy Recommendations.- 7 TBTF Policy Initiatives.- 8 Conclusion.- Part II Quantifying the Shareholder Value of Too-Big-to-Fail in Banking.- 9 Related Research.- 10 Hypothesis Development.- 11 Empirical Methodology and Data.- 12 Results and Discussion.- 13 Conclusion