SPGMI: SNL Financial Data (Topic)最新文献_第2页

Asset Insulators 资产绝缘体

SPGMI: SNL Financial Data (Topic) Pub Date : 2016-05-28 DOI: 10.2139/ssrn.2810553

Gabriel Chodorow-reich, Andra Ghent, Valentin Haddad

引用次数: 45

Optimal Regulation of Pollution with Stochastic Exposure, Acute Damages, and Chronic Damages 随机暴露、急性损害和慢性损害污染的最优调控

SPGMI: SNL Financial Data (Topic) Pub Date : 2016-04-18 DOI: 10.2139/ssrn.2768882

David A Bielen, A. Yates

引用次数: 0

A Post-Mortem of the Life Insurance Industry's Bid for Capital During the Financial Crisis 金融危机期间寿险行业资本收购的事后反思

SPGMI: SNL Financial Data (Topic) Pub Date : 2015-12-01 DOI: 10.52227/20985.2016

M. Barnes, James G. Bohn, C. Martin

{"title":"A Post-Mortem of the Life Insurance Industry's Bid for Capital During the Financial Crisis","authors":"M. Barnes, James G. Bohn, C. Martin","doi":"10.52227/20985.2016","DOIUrl":"https://doi.org/10.52227/20985.2016","url":null,"abstract":"In this paper, we show that life insurance companies were under significant capital strain during the recent financial crisis. This was the case not just for the notable case of American International Group (AIG), or for life insurers within the largest life insurance groups that applied for government funds, but for life insurers across the entire industry. The ability to access government funds, the benefit of regulatory actions and the large internal capital transfers received by life insurers from their non-insurance parents during the crisis combined to contribute significant amounts of reported statutory capital to life insurance companies. Moreover, capital contributions to life insurers from their parents are not limited to crisis periods; they also exhibit a business cycle pattern. This study provides evidence suggesting two important policy recommendations and calls for additional research on these issues: 1) insurance supervisors should have the ability to assess capital adequacy and availability beyond the level of the insurance operating company, including the ability to assess the capital adequacy of, and availability of capital from, holding companies not currently supervised by state insurance regulators, and these supervisors should take a consolidated view in monitoring the size, type and direction of internal capital transfers when evaluating the viability of entity-level life insurers; and 2) life insurance supervisors would benefit from staff with expertise in understanding and forecasting the impact of macroeconomic and financial conditions on life insurers’ balance sheets.","PeriodicalId":314321,"journal":{"name":"SPGMI: SNL Financial Data (Topic)","volume":"58 4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116519816","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}

引用次数: 4

The Economics and Regulation of Captive Reinsurance in Life Insurance 寿险自保再保险的经济学与监管

SPGMI: SNL Financial Data (Topic) Pub Date : 2015-01-01 DOI: 10.2139/SSRN.2608141

S. Harrington

引用次数: 7

Loan Loss Accounting Rules across the Globe: What do we Know? 全球贷款损失会计准则:我们知道些什么?

SPGMI: SNL Financial Data (Topic) Pub Date : 2014-11-06 DOI: 10.2139/ssrn.2521338

Christian Domikowsky

{"title":"Loan Loss Accounting Rules across the Globe: What do we Know?","authors":"Christian Domikowsky","doi":"10.2139/ssrn.2521338","DOIUrl":"https://doi.org/10.2139/ssrn.2521338","url":null,"abstract":"A number of empirical studies in recent years have used cross-country data to analyze topics related to the procyclicality of loan loss provisions. However, surprisingly little is known about countries' underlying local GAAP provisioning rules. In this study, we extend the knowledge on loan loss accounting across the globe in three different ways: First, we shed light on the distribution of different characteristics of more than 150 local GAAP loan loss accounting regimes across the globe using data from the World Bank's Bank Regulation and Supervision Survey. Second, we use these data to develop indices that reflect if a provisioning regime follows an incurred loss model or allows banks to take account of expected losses. Third, we group countries, e.g. by development status or continental region, and examine patterns in provisioning rules across these groups. Fourth, we conduct our own survey among eleven central banks which is intended to provide a more comprehensive understanding of provisioning regimes. Generally, we find considerable heterogeneity in the structure of provisioning rules across countries as well as groups of countries. Whilst most countries require banks to classify a loan as nonperforming if payments are in arrears, almost 35% of the countries in our sample allow the recognition of nonperforming loans based on a forward-looking estimate of the PD. This finding is by far more pronounced in highly developed countries. Our findings can have important implications for the analysis of loan loss provisions in cross-country settings.","PeriodicalId":314321,"journal":{"name":"SPGMI: SNL Financial Data (Topic)","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126861216","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}

引用次数: 1

Is Europe Overbanked? 欧洲银行业过度?

SPGMI: SNL Financial Data (Topic) Pub Date : 2014-06-01 DOI: 10.2139/ssrn.3723325

M. Pagano, Sam Langfield, V. Acharya, Arnoud Boot, Markus K. Brunnermeier, C. Buch, M. Hellwig, A. Sapir, Ieke van den

{"title":"Is Europe Overbanked?","authors":"M. Pagano, Sam Langfield, V. Acharya, Arnoud Boot, Markus K. Brunnermeier, C. Buch, M. Hellwig, A. Sapir, Ieke van den","doi":"10.2139/ssrn.3723325","DOIUrl":"https://doi.org/10.2139/ssrn.3723325","url":null,"abstract":"This paper is after a difficult question: has banking grown too much in Europe? The difficultly of the question lies in the words “too much”, which require a normative answer. The authors took a stance on how much is “too much”, based on the needs of the real economy in Europe. To tackle the question, they take an approach similar to that of a doctor treating a patient who seems overweight. They were not the first doctors that the European banking system has consulted in recent years. Their patient had just taken a potent medicine (the CRD IV package) and had prescriptions for more (BRRD, SSM, SRM, and possibly structural reform). Indeed, the patient has grown tired of this medicinal onslaught: he has “therapy fatigue”. But, in the authors' view, more is needed. Some therapies could have a higher dosage; others have not been tried at all. Pagano et al. thought that a course of new treatments will brighten the prognosis: helping the European banking system to make a speedy and lasting recovery from its current bloated state. This publication was originally published by ESRB – European Systemic Risk Board as Reports of the Advisory Scientific Committee No. 4/June 2014 “Is Europe Overbanked?”. It was presented during the mBank-CASE Seminar no 132 \"Is Europe overbanked?\". This report was written by a group of the ESRB’s Advisory Scientific Committee, chaired by Marco Pagano and assisted by Sam Langfield. In addition, the ASC group comprised Viral Acharya, Arnoud Boot, Markus Brunnermeier, Claudia Buch, Martin Hellwig, Andr´e Sapir and Ieke van den Burg.","PeriodicalId":314321,"journal":{"name":"SPGMI: SNL Financial Data (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129702598","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}

引用次数: 86

Banks’ Capital: The Relevance of Market Signals 银行资本:市场信号的相关性

SPGMI: SNL Financial Data (Topic) Pub Date : 2014-03-26 DOI: 10.2139/ssrn.2416121

R. Masera, G. Mazzoni

引用次数: 6

The Evolution of U.S. Community Banks and its Impact on Small Business Lending 美国社区银行的演变及其对小企业贷款的影响

SPGMI: SNL Financial Data (Topic) Pub Date : 2014-03-13 DOI: 10.2139/ssrn.2437396

Julapa Jagtiani, I. Kotliar, R. Maingi

{"title":"The Evolution of U.S. Community Banks and its Impact on Small Business Lending","authors":"Julapa Jagtiani, I. Kotliar, R. Maingi","doi":"10.2139/ssrn.2437396","DOIUrl":"https://doi.org/10.2139/ssrn.2437396","url":null,"abstract":"There have been increasing concerns about the declining number of community banks and that the acquisitions of community banks by larger banks might result in significant reductions in small business lending (SBL) and disrupt relationship lending. This paper examines the roles and characteristics of U.S. community banks in the past decade, covering the recent economic boom and downturn. We analyze risk characteristics (including the confidential ratings assigned by bank regulators) of acquired community banks, compare pre- and post-acquisition performance and stock market reactions to these acquisitions, and investigate how the acquisitions have affected small business lending. We find that community banks that were merged during the financial crisis period were mostly in poor financial condition and had been rated as unsatisfactory by their regulators on all risk aspects. We also find that the ratio of SBL lending to assets has declined (from 2001 to 2012) for all bank size groups, including community banks. The overall amount of SBL lending tends to increase when the acquirer is a large bank. Our results indicate that mergers involving community bank targets so far have enhanced the overall safety and soundness of the overall banking system and that community bank targets are willing to accept a smaller merger premium (or even a discount) to become a part of a large banking organization. Overall, the decline in the number of community banks during this period does not appear to have adversely impacted SBL lending, and larger bank acquirers have tended to step in and play a larger role in SBL lending.","PeriodicalId":314321,"journal":{"name":"SPGMI: SNL Financial Data (Topic)","volume":"120 5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128488707","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}

引用次数: 5

Impact of Rating Standards on Risk-Taking of Financial Institutions: Evidence from Catastrophe Risks in Insurance 评级标准对金融机构风险承担的影响:来自保险业巨灾风险的证据

SPGMI: SNL Financial Data (Topic) Pub Date : 2013-10-23 DOI: 10.2139/ssrn.2364734

Christoph Basten, A. Kartasheva, S. Park

引用次数: 5

Financial Guarantee Insurance and the Failures in Risk Management 金融担保保险与风险管理失灵

SPGMI: SNL Financial Data (Topic) Pub Date : 2010-10-20 DOI: 10.2139/SSRN.1703602

P. Drake, F. R. Neale

引用次数: 14