Skin-in-the-Game in ABS Transactions: A Critical Review of Policy Options
Relying on a hand-collected data set of European asset securitizations, we analyze risk retention, a key regulatory reform requirement after the...
Read moreRelying on a hand-collected data set of European asset securitizations, we analyze risk retention, a key regulatory reform requirement after the...
Read moreAuditing failures and scandals have become commonplace. In response, reformers (including the Kingman Review in the U.K and a recent report of the...
Read moreDuring the recent COVID-19 pandemic crisis, stock markets around the world have witnessed an abrupt decline in security prices and an unprecedented...
Read moreWe use the enactment of limited liability legislation across Canadian provinces to examine the effect of the change in liability status on firm outcomes...
Read moreWhat is the purpose of a corporation? This fundamental question is as old as corporate law itself and traditionally it is asked with reference to the...
Read moreThis paper argues that a mitigated strict liability regime can incentivize Credit Rating Agencies (CRAs) to produce ratings as accurate as the...
Read moreThe European Banking Authority (EBA), an EU agency that works to ensure effective and consistent prudential regulation and supervision across the...
Read moreThis article explores how issuer liability reallocates fraud risk and how risk allocation may reduce the incidence of fraud. In the US, the apparent...
Read moreThis paper studies the impact of public audit oversight on financial reporting credibility. We analyze changes in market responses to earnings news...
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