1. |
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Governance, regulation and bank stability
- 2014. - 1
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Samlingsverk (redaktörskap) (refereegranskat)abstract
- In order to accomplish a sounder banking industry, banks are challenged to adopt and pursue good governance practices. This challenge relates to decisions and activities conducted by top management and other inside stakeholders, but also increasingly to the collective pressures from, and evaluation measures adopted by, outside stakeholders. This book comprises a selection of high-quality research papers and provides insight into central issues such as deleveraging and other regulatory measures for strengthening bank stability. It includes empirical studies on the relationship between the board structures of banks and their financial risk-taking under extreme market conditions as well as on the financial crisis' impact on banks' lending capacity and the overall financial intermediation model. The book also includes in-depth analyses of the determinants of bank reputation and the future prospects of small banks
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2. |
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Financial systems, markets and institutional changes
- 2014. - 1
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Samlingsverk (redaktörskap) (refereegranskat)abstract
- Financial Systems, Markets and Institutional Changes analyses and exemplifies how the financial system endogenously adjusts to institutional changes such as new technology, political tendencies, cultural differences, new business models, and government interactions. It puts particular emphasis on how different institutional settings affect firms' borrowing and how the financial crisis affected the relationship between borrowing firms and lending banks. It further increases our understanding of how efficient financial markets are formed, by addressing issues related to the globalization of the financial market, questioning whether the EMU, with its regional imbalances, is an optimal currency union, and putting new requirements on an international lender of last resort. Recent technology development, with high frequency trading, and the increased existence of Islamic banking are two further examples of institutional changes that form new actors and new markets.
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3. |
- Lindblom, Ted, 1956, et al.
(författare)
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Basel III and Banking Efficiency
- 2012
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Ingår i: The European Association of University Teachers of Banking and Finance Annual Meeting, Aug. 29 - 1 Sept., Valetta, Malta.
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Konferensbidrag (refereegranskat)abstract
- The overall aim of the Basel III accord is to minimize and preferably eliminate the risk of a new global financial turmoil in the future. The new accord is particularly emphasising the importance of increasing the capitalization of banks in order to strengthening financial system stability. Basel III requires that banks set aside more ‘core’ equity capital than under the current Basel II accord. Banks are also required to gradually build-up an additional capital conservation buffer of 2.5 percentage units and, if the national regulator so decides, an equally large countercyclical buffer during periods of high credit growth. Besides this, the new accord introduces minimum liquidity requirements both on a monthly and annual basis. In this chapter we study the likely impact of the new regulation on banking operations and efficiency. What is the cost? In the prospect of increased core capital and new liquidity requirements there are already signs of larger Swedish banks reducing their trading operations and widening their interest rate spread differential. Will the new regulation mean a re-shaping of banks and that arbitraging activities move to less regulated parts of the financial industry? What can we learn from structural changes following Basel II when assessing and evaluating the impact of Basel III?
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4. |
- Humphrey, David, et al.
(författare)
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Benefits from a Changing Payment Technology in European Banking
- 2006
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Ingår i: Journal of Banking & Finance. - 0378-4266 .- 1872-6372. ; 30:6, s. 1631-1652
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Tidskriftsartikel (refereegranskat)abstract
- An “output characteristics” cost function is used to identify payment sources of technical change in European banking and estimate associated benefits. As the share of electronic payments in 12 European countries rose from 0.43 in 1987 to 0.79 in 1999 and ATMs expanded while the number of branch offices was constant, bank operating costs are $32 billion lower than they otherwise might have been, saving 0.38% of the 12 nations’ GDP. Policies facilitating these changes (antitrust exemptions to weakly coordinate implementation of payment service pricing) would permit benefits to be more fully realized.
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5. |
- Humphrey, David, et al.
(författare)
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What does it cost to make a payment?
- 2003
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Ingår i: Review of Network Economics. - : Walter de Gruyter. - 1446-9022 .- 2194-5993. ; 2:2, s. 159-174
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Tidskriftsartikel (refereegranskat)abstract
- We survey the limited data that exists concerning the cost of making/receiving a payment by banks, retailers, and other parties to a transaction. Since an electronic payment costs between one-third and onehalf that of a paper-based instrument, a country may save 1% of its GDP annually as it shifts from a fully paper-based to a fully electronic-based payment system. Some gains have already been realized. Additional analysis indicates that bank costs of making a payment may have fallen by 45% in Europe as the share of electronic transactions in 12 countries rose from .43 to .79 over 1987-1999.
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6. |
- Lindblom, Ted, 1956, et al.
(författare)
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Financial Crisis and EU banks' Performance
- 2012
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Ingår i: Crisis, Risk and Stability in Financial Markets. - London : Palgrave Macmillan. - 9781137001825 ; , s. 24-48
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Bokkapitel (refereegranskat)
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7. |
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8. |
- Lindblom, Ted, 1956, et al.
(författare)
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Banks' Operational Risk Measurement in Practice: Swedish banks' adaptation to the Basel II accord
- 2009
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Ingår i: Wolpertinger Conference 2009, European Association of University Teachers of Banking and Finance, Sept 2-5, Rome, Italy.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)abstract
- Since the implementation of Basel II in 2007, risk management in banks includes capital adequacy requirement also for operational risk. A bank‟s exposure to risk may be evaluated based on three measurement approaches with different degree of sophistication. The aim of this paper is to evaluate Swedish banks‟ adoption of regulatory risk measurement approaches over the first two years of Basel II. Particular interest is paid to the impact of the financial crisis and the proportion of capital held by the banks depending on how they measure exposure to operational risk as well as in relation to their exposure to credit and market risk. We find that most banks are using the default approaches provided by the regulatory body as it does not pay off to use a more sophisticated approach. The use of more advanced approaches depends primarily on the size of the bank, but also its ownership. Finally, there is strong relationship between the banks‟ choice of operational risk approach and their regulatory approach used for measuring exposures to credit risk.
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9. |
- Lindblom, Ted, 1956, et al.
(författare)
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Basel III and Banking Efficiency
- 2013
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Ingår i: Bank Performance, Risk and Securitisation. Edited By Joseph Falzon.. - London : Palgrave Macmillan. - 9781137332080 ; , s. 20-36
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Bokkapitel (refereegranskat)abstract
- The overall aim of the Basel III accord is to minimize and preferably eliminate the risk of global financial turmoil’s in the future. The accord is emphasising the importance of increasing the capitalization of banks and their liquidity. In this chapter we analyse its likely impact on banking efficiency. The analysis is based on a fictitious bank, which is operating at the very edge of the Basel II regulatory capital requirement and gradually adapts to the new regulatory framework. This analysis demonstrates that the new liquidity and capital adequacy requirements of Basel III are likely to have substantial effects on both the returns and risk exposures of banks. The higher liquidity requirement will not only lower the bank’s liquidity risk, which will lead to less interest revenue, but the bank will also lower its interest rate risk exposure. The sharpened capital adequacy requirements will on one hand result in lower return on equity. On the other hand, the return on assets will increase due to a lower proportion of debt in the bank’s funding. The analysis also implies that Basle III will cause a large price effect if market competition is too weak to make banks price-takers. Hence, a bank’s customers will have to pay higher prices for loans of the same risk class and/or get paid lower interest rates on their savings and deposits.
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10. |
- Lindblom, Ted, 1956, et al.
(författare)
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Financial crisis and EU banks’ performance
- 2011
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Ingår i: The 13th Annual SNEE European Integration Conference, May 17-20, 2011, Mölle, Sweden.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)abstract
- This study replicates a prior study on how the profitability of Swedish banks was affected by the financial crisis on banks in EU countries that are also members of BIS. Particular emphasis is put on analyzing how the crisis affected banks' profitability with respect to their exposures to different kinds of financial risk, i.e. to credit risk, liquidity risk, interest rate risk and capital risk. Comparisons are made between banks in different regions in the EU as well as between different types of banks in order to explore whether there are differences in the financial performance and risk-taking of the banks with respect to their geographical operations area (nationality) and association form.
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11. |
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12. |
- Elliot, Viktor, et al.
(författare)
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The impact of recent regulatory reforms on cross-border correspondent banking: A study of the Nordic markets
- 2018
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Ingår i: Wolperting Conference on Banking and Finance.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)abstract
- Banks are fundamental to trade between countries and the relationships between banks in different countries are part of the global infrastructure. In recent years this infrastructure has been put under pressure by stricter regulations, both within the Basel III agenda and with regards to money laundering and terrorist financing. The Financial Stability Board (FSB, 2016, p. 3) notes that “A decline in the number of correspondent banking relationships is a source of concern for the international community because it may affect the ability to send and receive international payments, or drive some payment flows underground, with potential consequences on growth, financial inclusion, as well as the stability and integrity of the financial system,”. Still, present analyses of cross-border banking remain anecdotal and tend to focus on dyadic buyer/supplier relationships. In this study, we present empirical results from interviews with the six leading Nordic banks and the Swedish export credit agency. We find that although all six banks have significantly reduced the number of correspondent banking relationships (CBRs), they approach the reduction in different ways. This means that their regulatory responses are similar at an aggregate level but quite different on the individual basis. The results further indicate that compliance costs have risen extensively with potential implications on trade.
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14. |
- Lindblom, Ted, 1956, et al.
(författare)
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Financial crisis and bank profitability
- 2010
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Ingår i: Wolpertinger Conference 2010, European Association of University Teacher of Banking and Finance, Sept 8-12, Bangor, Wales.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)
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15. |
- Lindblom, Ted, 1956, et al.
(författare)
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Financial Crisis and Bank Profitability
- 2011
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Ingår i: Bank Performance, Risk and Firm Financing. - Houndmills, Basingstoke, Hampshire UK : Palgrave Macmillan. - 9780230313354 ; , s. 83-105
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Bokkapitel (övrigt vetenskapligt/konstnärligt)abstract
- This paper examines the impact of the financial crisis on the profitability of Swedish banks. At the beginning of the crisis many banks experienced liquidity problems due to a mismatch in their funding of loans. Aside ordinary savings deposits these banks had for a number of years been financing long-term (mortgage) lending with short-term borrowing on the market. Without resolute interventions by the Government, issuing general banking guarantees, and the Central bank, fuelling the market with liquidity to ever lower interest rates, the financial system might have collapsed totally. This moved the focus from liquidity risk to credit risk. A major concern for bigger commercial banks also operating internationally has been how to manage anticipated and increasingly realized credit losses on the Baltic markets. It seems as their loan loss provisions to a great extent have been covered by greater interest rate margins on the Swedish market. Whether wider margins are motivated by a larger risk exposure of the banks or/ and mainly explained by weaker competition on the financial market is not fully clear. This issue is explored more in depth in this study. Particular emphasis is put on whether there are differences between banks and between different regions (sub-markets). Conducted (econometrical) analyses are based on financial data on an annual but to some extent also a quarterly basis.
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16. |
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