TY  - UNPD
A1  - Haselmann, Rainer
A1  - Wahrenburg, Mark
T1  - How demanding and consistent is the 2018 stress test design in comparison to previous exercises?
T2  - SAFE white paper ; No. 54
N2  - Bank regulators have the discretion to discipline banks by executing enforcement actions to ensure that banks correct deficiencies regarding safe and sound banking principles. We highlight the trade-offs regarding the execution of enforcement actions for financial stability. Following this we provide an overview of the differences in the legal framework governing supervisors’ execution of enforcement actions in the Banking Union and the United States. After discussing work on the effect of enforcement action on bank behaviour and the real economy, we present data on the evolution of enforcement actions and monetary penalties by U.S. regulators. We conclude by noting the importance of supervisors to levy efficient monetary penalties and stressing that a division of competences among different regulators should not lead to a loss of efficiency regarding the execution of enforcement actions.
T3  - SAFE white paper series - 54 
KW  - stress test
KW  - European banks
KW  - Banking union
Y1  - 2018
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/47231
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-472313
UR  - https://safe-frankfurt.de/de/policy-center/publikationen/detailsview/publicationname/how-demanding-and-consistent-is-the-2018-stress-test-design-in-comparison-to-previous-exercises-1.html
UR  - http://www.europarl.europa.eu/RegData/etudes/IDAN/2018/614512/IPOL_IDA(2018)614512_EN.pdf
N1  - This paper was provided at the request of the Committee on Economic and Monetary Affairs of the European Parliament and commissioned and drafted under the responsibility of the Economic Governance Support Unit (EGOV) of the European Parliament. It was originally published on the European Parliament’s webpage:www.europarl.europa.eu/RegData/etudes/IDAN/2018/614512/IPOL_IDA(2018)614512_EN.pdf
PB  - SAFE
CY  - Frankfurt am Main
ER  -