Journal of Banking Regulation最新文献

The purpose of the article is to assess the fluctuations of financial stress and to study the resilience of the banking sector of Ukraine in the countercyclical events of the war. The study used methods such as analysis, correlation, and regression analysis. It examined the banking system's functioning and evaluated its operational stability during the martial law period. The primary focus was on the Financial Stress Index, measures of financial stability, adherence to economic standards, and profitability. The study also delved into understanding the influence of different factors on bank revenues. The findings revealed several key insights. Firstly, the level of financial stress exhibited fluctuations influenced by military events, attack activity and the National Bank of Ukraine's regular policies. Secondly, the study indicated that adherence to economic standards and the dynamics of financial stability indicators did not experience significant fluctuations, demonstrating the stable performance of the sector.

This article aims to examine the moderating role of investor sentiment in the impact of house prices on banking stability over the period from 2017 to 2022 in Vietnam. The research tries to build a banking stability index by combining the principal components of an international rating system of financial institutions stability (CAMELS) through principal component analysis, while the average apartment price index in Hanoi and Ho Chi Minh City is used as a variable of house prices in Vietnam, and investor sentiment is measured using the Google search volume index. By using panel corrected standard errors, the research gives evidence of the positive impact of house prices on banking stability in Vietnam, and the moderating role of investor sentiment on this positive effect. Moreover, the research indicates the positive roles of bank efficiency, regulatory quality, and GDP growth for boosting banking stability, while the opposite impact can be seen in the case of bank concentration. In addition, there is no evidence of any influence of bank size on banking stability in Vietnam.

Chile’s consumer loan market has strong concerns about high indebtedness levels and credit constraints. Using survey data, I show that banks have the borrowers of highest income and education and the lowest unemployment rates, while households with no access to debt have the lowest income and education and the highest unemployment risk. I then simulate the effects of counterfactual policies, such as increased borrower repayment capacity tests and better financial literacy. Repayment capacity testing reduces the number of borrowers, aggregate debt amounts, and debt risk across all lender types. Financial literacy program has even stronger effects, reducing the number of borrowers, aggregate debt amounts, and delinquency risk by more than half across all lender types. The financial literacy program achieves its effect by increasing the number of households with “No wish for debt,” while the repayment capacity test has the downside of increasing the number of households with “No access to debt.”

Under the Single Supervisory Mechanism (SSM), the enforcement of pecuniary obligations vis-à-vis the ECB, such as fees and sanctions, is unclear at two levels: first, the division of sanctioning powers between European authorities (ECB) and the ‘National Competent Authorities’ (NCAs) under primary and secondary law is rather unclear due to the underlying jumble of referrals. Second, the Article pivotal to enforcement, namely Art. 299 TFEU, constitutes only a ‘vague hybrid legal regime’ between European and national law, leaving credit institutions as well as the ECB exposed to considerable legal uncertainties and, as a result, additional costs. This paper examines both levels—which have received almost no attention in the literature so far—and offers concrete solutions to close the existing protection gaps.