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Investigation of the effects of financial regulation and supervision on bank stability: The application of CAMELS-DEA to quantile regressions

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  • Shaddady, Ali
  • Moore, Tomoe

Abstract

We rigorously investigate the multifaceted effects of financial regulation and supervision on bank stability using panel data for 2210 banks across 47 European countries over the period 2000–2016. The CAMELS rating system is applied to quantile regressions. We find that greater capital regulation is positively associated with bank stability, whilst tighter restrictions, deposit insurance and excess of supervision appear to exert an adverse effect on bank stability. These effects are more pronounced among banks at a higher level of stability. It also appears that commercial banks, smaller banks and banks in emerging countries are relatively sensitive to regulatory shocks.

Suggested Citation

  • Shaddady, Ali & Moore, Tomoe, 2019. "Investigation of the effects of financial regulation and supervision on bank stability: The application of CAMELS-DEA to quantile regressions," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 58(C), pages 96-116.
    • Handle: RePEc:eee:intfin:v:58:y:2019:i:c:p:96-116
    DOI: 10.1016/j.intfin.2018.09.006
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    Keywords

    Bank stability; Financial regulation; Bank supervision; CAMELS; Quantile approach;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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