Add to ORKGWe study the informative value of stress tests by investigating the impact of the disclosure of their results on banks' bonds split ratings taken as a measure of bank opacity. We consider bonds jointly rated by Moody's and Standard & Poor's and issued by banks that participated to the European and US banks' stress tests. Our results suggest that the disclosure of stress results has mixed effect on split ratings. Our findings also suggest a frequent divergence of interpretation of the stress test results between the two rating agencies meaning that information would not be as relevant as hoped by regulators. Market players certainly could not extract an unambiguous signal from all the results disclosed by the stress tests
The Dodd-Frank Act requires that the Federal Reserve conduct an annual stress test on large bank hol...
We tested whether the 2010, 2011 and 2014 European Union bank stress tests produced useful and real ...
Since the financial crisis, stress tests have become an important supervisory and financial stabilit...
Stress test results have always been a fascinating topic for a scholars and practitioners herein we ...
In this paper we examine the 2011 European stress test exercise to assess whether and how it affecte...
© 2018 Elsevier B.V. This paper studies the effect of information disclosure on banks’ portfolio ris...
This paper uses standard event study techniques to examine whether the release of the results of the...
This dissertation studies the impact of banks’ stress tests on the different market players. The fir...
This chapter provides an overview of European bank stress tests, one of the supervisory tools used t...
We investigate the effects of the announcement and the disclosure of the clarification, methodology,...
What is the impact of stress tests on bank stock prices? To answer this question we study the impact...
The question of whether banks are relatively more opaque than non-banking firms is empirically inves...
This paper studies the effect of information disclosure on banks’ portfolio risk. We cast a simple b...
The question of whether banks are relatively more opaque than non-banking firms is empirically inves...
After the financial crisis, the Fed Reserve enacted the Dodd-Frank Act to maintain the sound and saf...
The Dodd-Frank Act requires that the Federal Reserve conduct an annual stress test on large bank hol...
We tested whether the 2010, 2011 and 2014 European Union bank stress tests produced useful and real ...
Since the financial crisis, stress tests have become an important supervisory and financial stabilit...
Stress test results have always been a fascinating topic for a scholars and practitioners herein we ...
In this paper we examine the 2011 European stress test exercise to assess whether and how it affecte...
© 2018 Elsevier B.V. This paper studies the effect of information disclosure on banks’ portfolio ris...
This paper uses standard event study techniques to examine whether the release of the results of the...
This dissertation studies the impact of banks’ stress tests on the different market players. The fir...
This chapter provides an overview of European bank stress tests, one of the supervisory tools used t...
We investigate the effects of the announcement and the disclosure of the clarification, methodology,...
What is the impact of stress tests on bank stock prices? To answer this question we study the impact...
The question of whether banks are relatively more opaque than non-banking firms is empirically inves...
This paper studies the effect of information disclosure on banks’ portfolio risk. We cast a simple b...
The question of whether banks are relatively more opaque than non-banking firms is empirically inves...
After the financial crisis, the Fed Reserve enacted the Dodd-Frank Act to maintain the sound and saf...
The Dodd-Frank Act requires that the Federal Reserve conduct an annual stress test on large bank hol...
We tested whether the 2010, 2011 and 2014 European Union bank stress tests produced useful and real ...
Since the financial crisis, stress tests have become an important supervisory and financial stabilit...