Capital requirements and Basel III

The global financial crisis inspired a radical overhaul of international conventions for capital and liquidity requirements applied to banks. Did the reforms lead to a broad convergence in national approaches to bank regulation, or did the crisis experience lead national authorities to seek broader discretion to reign in risky lending and contain potential crises. Click here to see the working paper.

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Bank recovery and resolution

The global financial crisis drew attention to the costs of bank failure – taxpayer-funded bailouts of large financial institutions were an unpopular but common solution. How have different countries adapted tools for bank recovery and resolution to avoid bailouts in the future? I look at the experience of Eurozone nations, the US and the UK to determine how or if national approaches converged or diverged as the crisis unfolded. Click here for a copy of the working paper.

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