A Model of Self-Regulation in Banking Industry
Aboura, Sofiane; Lépinette, Emmanuel (2014-02), A Model of Self-Regulation in Banking Industry. https://basepub.dauphine.fr/handle/123456789/13804
TypeDocument de travail / Working paper
External document linkhttp://dx.doi.org/10.2139/ssrn.2392778
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Dauphine Recherches en Management [DRM]
Abstract (EN)This article derives a model of self-regulation where banks issue insurance products to hedge their leverage ratio. This approach is an alternative policy to Basel regulation for controlling systemic risk without increasing equity level. We show some conditions under which the model can be applied to each of the 22 banks of 5 major countries from 2005 to 2012.
Subjects / KeywordsSelf-regulation; Banking regulation; Systemic risk; Insurance
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