The Legal Structure of Commercial Banks and Financial Regulation : does organizational form matter for the design of bank regulation?

Doctoral thesis English OPEN
Cedeno-Brea, Enmanuel;
(2017)
  • Publisher: Erasmus University Rotterdam

markdownabstractDo the different ways that commercial banks are legally organized matter for the design of financial regulation? It is often assumed that most commercial banks are setup as investor owned business corporations. However, this is not always the case In man... View more
  • References (23)
    23 references, page 1 of 3

    Regulation? - An Overview of the Thesis .......................................................................1 1. RESEARCH QUESTIONS AND OBJECTIVES ........................................................... 5 2. MOTIVATION ................................................................................................................... 8 3. PLACING THE THESIS WITHIN THE LITERATURE ........................................... 11 4. METHODS........................................................................................................................ 16 5. THESIS STRUCTURE .................................................................................................... 17

    Partitioning in the United Kingdom ............................................................................169 1. INTRODUCTION .......................................................................................................... 170 2. SOME ECONOMIC ASPECTS OF BANK RING-FENCING ................................. 177 2.1. What is Bank Ring-Fencing? .................................................................................... 177

    Conclusions - the Legal Organization of Banks Matters for Financial Regulation221 1. CONCLUDING REMARKS......................................................................................... 221 2. WHAT HYPOTHESES COULD BE DRAWN FROM THIS THESIS.................... 224 3. SOME LIMITATIONS.................................................................................................. 226 4. WIDER POLICY IMPLICATIONS AND OPPORTUNITIES FOR FUTURE RESEARCH ........................................................................................................................... 227 The Legal Organization of Non-Bank Financial Institutions .............................................. 227 Legal Structure and Regulatory Compliance ...................................................................... 229 The Political Economy of Banking Structural Reforms...................................................... 230 BIBLIOGRAPHY.................................................................................................................. 233 SUMMARY ............................................................................................................................ 266 SAMENVATTING ................................................................................................................ 267

    Figure 1. Linkage Between Legal Form and Financial Regulation.....................................8

    Figure 2. Liquidation Protection and Creditor Rank .........................................................83

    Figure 3. FDIC Bank Claims Priority Structure ..............................................................100

    Figure 4. Bank Ownership and Voting Rules....................................................................97

    Figure 5. Bank Capital to Total Assets Ratio for Selected Countries .............................117

    Figure 6. 8% Total Capital Ratio Under Basel III ...........................................................124

    Figure 7. Total Regulatory Capital to RWA Under Basel I and Basel III.......................133

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