This paper investigates whether banks respond differently to supervisory guidance than to specific regulatory action. Using a sample of subsidiaries of European banks operating in developing countries, the study exploits the sequencing in the supervisory and regulatory implementation of a reform on provisioning for credit losses for identification, generally referred to as European calendar provisioning. While the reform achieved the intended goal...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2022/05/17
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Рабочий документ в рамках исследования вопросов политики
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WPS10050
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1
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2022/05/17
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Disclosed
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How Binding Is Supervisory Guidance ? Evidence from the European Calendar Provisioning