Efficient Risk-Taking and Regulatory Covenant Enforcement in a Deregulated Banking Industry

@inproceedings{DeyoungEfficientRA,
  title={Efficient Risk-Taking and Regulatory Covenant Enforcement in a Deregulated Banking Industry},
  author={R Andrea Deyoung}
}
Over the past two decades, a variety of deregulatory measures have increased competition in the U.S. commercial banking industry. While increased competitive rivalry creates incentives for banks to operate more efficiently, it also creates incentives for banks to take additional risk, potentially threatening the safety of banking and payments system. Commercial bank regulators have responded to this increased potential for risk-taking by formally linking bank supervision and regulation to the… CONTINUE READING

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