The Resource Analysis of proposals for a minimum subordinanted debt requirement, William W. Lang and Douglas Robertson, (electronic resource)

Analysis of proposals for a minimum subordinanted debt requirement, William W. Lang and Douglas Robertson, (electronic resource)

Label
Analysis of proposals for a minimum subordinanted debt requirement
Title
Analysis of proposals for a minimum subordinanted debt requirement
Statement of responsibility
William W. Lang and Douglas Robertson
Creator
Contributor
Subject
Genre
Language
eng
Summary
"Increasing the effectiveness of market discipline in regulated financial markets has emerged as a major policy issue for banking regulators. Perhaps the most prominent proposal for increasing market discipline is the proposal to require banks to issue publicly held subordinated debt. Subordinated debt holders can discipline banks either directly by demanding higher yields for riskier institutions or indirectly by means of market signals. This paper explores the fundamental rationale behind mandatory subordinated debt proposals, and discusses the advantages and disadvantages of the most prominent proposals. To more clearly focus the analysis, the paper concentrates on proposals for requiring publicly traded subordinated debt, and therefore our analysis is relevant only to relatively large institutions that can feasibly issue such securities. The paper does not consider the various alternative proposals for issuing subordinated debt specifically designed for small institutions. Our analysis indicates that a subordinated debt requirement will only modestly increase the risk sensitivity of bank costs at most large banks; however, we argue that there are substantial benefits to using subordinated debt as a market-based trigger for regulatory action. While we favor a mandatory requirement to issue subordinated debt, such a requirement should not eliminate separate minimums for equity capital, as some proponents of subordinated debt suggest"--Office of the Comptroller of the Currency web site
Member of
Additional physical form
Also available in paper.
Cataloging source
GPO
http://library.link/vocab/creatorName
Lang, William W
Government publication
federal national government publication
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Robertson, Douglas D
  • United States
Series statement
Economic and policy analysis working paper
Series volume
2000-4
http://library.link/vocab/subjectName
  • Banks and banking
  • Risk management
Label
Analysis of proposals for a minimum subordinanted debt requirement, William W. Lang and Douglas Robertson, (electronic resource)
Instantiates
Publication
Note
  • Title from title screen (viewed on Jan. 30, 2004)
  • "March 2000."
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
54357024
Dimensions
unknown
Form of item
electronic
Media category
computer
Media MARC source
rdamedia
Media type code
c
Specific material designation
remote
System control number
(GPO)99143571
System details
Mode of access: Internet via the OCC Web site. Address as of 01/30/04: http://www.occ.treas.gov/ftp/workpaper/wp2000-4.pdf; current access is available via PURL
Label
Analysis of proposals for a minimum subordinanted debt requirement, William W. Lang and Douglas Robertson, (electronic resource)
Publication
Note
  • Title from title screen (viewed on Jan. 30, 2004)
  • "March 2000."
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
54357024
Dimensions
unknown
Form of item
electronic
Media category
computer
Media MARC source
rdamedia
Media type code
c
Specific material designation
remote
System control number
(GPO)99143571
System details
Mode of access: Internet via the OCC Web site. Address as of 01/30/04: http://www.occ.treas.gov/ftp/workpaper/wp2000-4.pdf; current access is available via PURL

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