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Publications [#322425] of Connel Fullenkamp

Journal Articles

  1. Fullenkamp, C; Rochon, C, Reconsidering bank capital regulation: a new combination of rules, regulators, and market discipline, Journal of Economic Policy Reform, vol. 20 no. 4 (October, 2017), pp. 343-359, Informa UK Limited [doi]
    (last updated on 2020/11/26)

    Abstract:
    © 2016 Informa UK Limited, trading as Taylor & Francis Group. Despite revisions to bank capital standards, fundamental shortcomings remain: the rules for setting capital requirements need to be simpler, and resolution should be an essential part of the capital requirement framework.We propose a revised system of capital regulation that addresses these needs by making changes to all three pillars of bank regulation: only common equity should be recognized as regulatory capital, and risk weighting of assets should be abandoned; capital requirements should be assigned on an institution-by-institution basis according to a regulatory (s, S) approach developed in the paper; a standard for prompt, corrective action is incorporated into the (s, S) approach.


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