Arbeitspapier
Foreign investment, regulatory arbitrage, and the risk of U.S. banking organizations
This study investigates the implications of cross-country differences in banking regulation and supervision for the international subsidiary locations and risk of U.S. bank holding companies (BHCs). We find that U.S. BHCs are more likely to operate subsidiaries in countries with weaker regulation and supervision and that such location decisions are associated with elevated BHC risk and higher contribution to systemic risk. The quality of BHCs' internal controls and risk management play an important role in these location choices and risk outcomes. Overall, our study suggests that U.S. banking organizations engage in cross-country regulatory arbitrage with potentially adverse consequences.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2017-2
- Klassifikation
-
Wirtschaft
International Financial Markets
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Financial Institutions and Services: Government Policy and Regulation
- Thema
-
regulation
supervision
bank holding companies
cross-border operations
subsidiary locations
risk
systemic risk
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Frame, W. Scott
Mihov, Atanas
Sanz, Leandro
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of Atlanta
- (wo)
-
Atlanta, GA
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Frame, W. Scott
- Mihov, Atanas
- Sanz, Leandro
- Federal Reserve Bank of Atlanta
Entstanden
- 2017