Pub Date : 2019-02-06DOI: 10.18572/1812-3945-2019-1-40-48
E. Zvonova
{"title":"THE ROLE OF THE BANKING SECTOR OF THE RUSSIAN FINANCIAL MARKET IN TRANS-BORDER MOVEMENTS OF CAPITAL ON THE INTERNATIONAL FINANCIAL MARKET","authors":"E. Zvonova","doi":"10.18572/1812-3945-2019-1-40-48","DOIUrl":"https://doi.org/10.18572/1812-3945-2019-1-40-48","url":null,"abstract":"","PeriodicalId":39659,"journal":{"name":"Banking Law Journal","volume":"35 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73859383","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-02-06DOI: 10.18572/1812-3945-2019-1-35-39
E. V. Shanazarova
{"title":"CONFLICTS BETWEEN APPLICABLE LAWS IN THE CREDIT COOPERATION SECTOR","authors":"E. V. Shanazarova","doi":"10.18572/1812-3945-2019-1-35-39","DOIUrl":"https://doi.org/10.18572/1812-3945-2019-1-35-39","url":null,"abstract":"","PeriodicalId":39659,"journal":{"name":"Banking Law Journal","volume":"48 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83006680","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-02-06DOI: 10.18572/1812-3945-2019-1-49-54
S. S. Dakhnenko, E. Vengerovskiy
{"title":"AREAS OF THE MONETARY POLICY OF FOREIGN COUNTRIES RELATED TO THE INCREASE IN STABILITY OF THE FINANCIAL SYSTEM AND COMPETITIVE PERFORMANCE OF THE BANKING SECTOR","authors":"S. S. Dakhnenko, E. Vengerovskiy","doi":"10.18572/1812-3945-2019-1-49-54","DOIUrl":"https://doi.org/10.18572/1812-3945-2019-1-49-54","url":null,"abstract":"","PeriodicalId":39659,"journal":{"name":"Banking Law Journal","volume":"1 4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88398825","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-02-06DOI: 10.18572/1812-3945-2019-1-72-73
P. I. Zinchenko
{"title":"LEGAL MECHANISMS OF CONTROL OF TAX AUTHORITIES OVER DISCHARGE OF OBLIGATIONS STIPULATED BY THE TAX CODE OF THE RUSSIAN FEDERATION (PURSUANT TO ARTICLE 31 OF THE TAX CODE OF THE RUSSIAN FEDERATION) BY CREDIT INSTITUTIONS","authors":"P. I. Zinchenko","doi":"10.18572/1812-3945-2019-1-72-73","DOIUrl":"https://doi.org/10.18572/1812-3945-2019-1-72-73","url":null,"abstract":"","PeriodicalId":39659,"journal":{"name":"Banking Law Journal","volume":"5 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85152477","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-02-06DOI: 10.18572/1812-3945-2019-1-63-71
A. Popova
{"title":"MODERN BANKING AND THE SOCIAL WELFARE STATE: POSSIBLE AREAS OF COOPERATION","authors":"A. Popova","doi":"10.18572/1812-3945-2019-1-63-71","DOIUrl":"https://doi.org/10.18572/1812-3945-2019-1-63-71","url":null,"abstract":"","PeriodicalId":39659,"journal":{"name":"Banking Law Journal","volume":"153 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77121707","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-02-06DOI: 10.18572/1812-3945-2019-1-7-20
G. Ruchkina
{"title":"COUNTERING ILLICIT USE OF INSIDER INFORMATION AND MARKET MANIPULATION: EXPERIENCE OF THE BANK OF RUSSIA","authors":"G. Ruchkina","doi":"10.18572/1812-3945-2019-1-7-20","DOIUrl":"https://doi.org/10.18572/1812-3945-2019-1-7-20","url":null,"abstract":"","PeriodicalId":39659,"journal":{"name":"Banking Law Journal","volume":"122 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83236041","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-02-06DOI: 10.18572/1812-3945-2019-1-21-28
L. Efimova, O. Sizemova
{"title":"THE LEGAL NATURE OF A SMART CONTRACT","authors":"L. Efimova, O. Sizemova","doi":"10.18572/1812-3945-2019-1-21-28","DOIUrl":"https://doi.org/10.18572/1812-3945-2019-1-21-28","url":null,"abstract":"","PeriodicalId":39659,"journal":{"name":"Banking Law Journal","volume":"44 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88166851","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper estimates causal effects of supervision on bank performance using discontinuities in the minimum frequency of examinations required by regulation. This frequency is discontinuous at a value of bank assets that varied over time, allowing us to break the endogeneity between supervision and performance and to separate the effects of examinations from confounding effects of other banking policies that are triggered by asset thresholds too. We find that more frequent examinations increase profitability by decreasing loan losses and delinquencies. This suggests that supervisors limit the risks that banks are exposed to and, consequently, limit banks’ losses on risky assets.
{"title":"The Effects of Supervision on Bank Performance: Evidence from Discontinuous Examination Frequencies","authors":"Marcelo Rezende, Jason Wu","doi":"10.2139/ssrn.2135017","DOIUrl":"https://doi.org/10.2139/ssrn.2135017","url":null,"abstract":"This paper estimates causal effects of supervision on bank performance using discontinuities in the minimum frequency of examinations required by regulation. This frequency is discontinuous at a value of bank assets that varied over time, allowing us to break the endogeneity between supervision and performance and to separate the effects of examinations from confounding effects of other banking policies that are triggered by asset thresholds too. We find that more frequent examinations increase profitability by decreasing loan losses and delinquencies. This suggests that supervisors limit the risks that banks are exposed to and, consequently, limit banks’ losses on risky assets.","PeriodicalId":39659,"journal":{"name":"Banking Law Journal","volume":"44 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2014-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73852177","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Using a unique data set on French firms, we show that credit constrained firms that face liquidity shocks are more likely to default on their payments to suppliers. Credit constrained firms pass on a sizeable fraction of such shocks to their suppliers. This is consistent with the idea that firms provide liquidity insurance to each other and that this mechanism is able to alleviate credit constraints. We show that the chain of defaults stops when it reaches unconstrained firms. Liquidity appears to be allocated from firms with access to outside finance to credit constrained firms along supply chains. Copyright 2013, Oxford University Press.
{"title":"Payment Defaults and Interfirm Liquidity Provision","authors":"Reint Gropp, F. Boissay","doi":"10.2139/ssrn.966281","DOIUrl":"https://doi.org/10.2139/ssrn.966281","url":null,"abstract":"Using a unique data set on French firms, we show that credit constrained firms that face liquidity shocks are more likely to default on their payments to suppliers. Credit constrained firms pass on a sizeable fraction of such shocks to their suppliers. This is consistent with the idea that firms provide liquidity insurance to each other and that this mechanism is able to alleviate credit constraints. We show that the chain of defaults stops when it reaches unconstrained firms. Liquidity appears to be allocated from firms with access to outside finance to credit constrained firms along supply chains. Copyright 2013, Oxford University Press.","PeriodicalId":39659,"journal":{"name":"Banking Law Journal","volume":"176 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2013-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73150674","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We assess the long-term funding conditions for banks in the US, the euro area and the UK and, separately, for the group of global systemically important financial institutions (G-SIFIs), over the period 1997-2011. After the outbreak of the subprime crisis there was a considerable reshuffling of the relative weight of banksi?½ funding sources, also due to non-conventional monetary policy interventions, government support measures and a significant increase in wholesale funding costs. By looking at 6,400 bank bonds we find that both implicit and explicit guarantees by the sovereign have a substantial role in shaping the wholesale cost of bond issuance with significant differences between AAA-rated and lower-rated countries. However, when a bank CDS exists the role of the government is significantly reduced with the market giving more weight to the soundness and creditworthiness of the issuing institution.
{"title":"Recent Trends in Long-Term Bank Funding","authors":"A. Cardillo, Andrea Zaghini","doi":"10.2139/ssrn.2132445","DOIUrl":"https://doi.org/10.2139/ssrn.2132445","url":null,"abstract":"We assess the long-term funding conditions for banks in the US, the euro area and the UK and, separately, for the group of global systemically important financial institutions (G-SIFIs), over the period 1997-2011. After the outbreak of the subprime crisis there was a considerable reshuffling of the relative weight of banksi?½ funding sources, also due to non-conventional monetary policy interventions, government support measures and a significant increase in wholesale funding costs. By looking at 6,400 bank bonds we find that both implicit and explicit guarantees by the sovereign have a substantial role in shaping the wholesale cost of bond issuance with significant differences between AAA-rated and lower-rated countries. However, when a bank CDS exists the role of the government is significantly reduced with the market giving more weight to the soundness and creditworthiness of the issuing institution.","PeriodicalId":39659,"journal":{"name":"Banking Law Journal","volume":"51 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2012-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90941015","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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