... 15 03 2019 22 04 2019 © Emerald Publishing Limited 2019 Emerald Publishing Limited Licensed re-use rights only Securitization Bank regulation Bankruptcy remote Off-balance sheet Recourse G21 G28 Securitization is based on the concept of a “true” sale...

... of the financial system. The results contribute to the ongoing debate on the appropriateness of financial penalties and address the question of whether bank regulators reduce or contribute to banks’ systemic risk. We exploit a database that comprises hand-collected information from different sources...

..., and these human beings have their own personal interests at stake. Naturally there are a large number of cases where personal interests will not make much difference, but in other cases they may be of crucial importance, as will be discussed in this article. Financial supervision Bank regulation...