Reforming governance of ‘too big to fail’ banks: The prudent investor RULE and enhanced governance disclosures by bank boards of directors

Author:

Alles Michael,Friedland John

Publisher

Springer Science and Business Media LLC

Subject

Economics and Econometrics,Finance

Reference63 articles.

1. http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_bills&docid=f:h4173enr.txt.pdf .

2. On the final item, the bill fails completely. After President Obama signs it into law, the nation's financial industry will still be dominated by a handful of institutions that are too large, too interconnected and too politically powerful to be allowed to go bankrupt if they make unwise decisions or make huge wrong-way bets. New York Times, 26 June 2010. Rick Perry, the governor of Texas, has also called for the repeal of Dodd–Frank. ‘We have to end it right now,’ he said, on the same weekend in the same state as Mr Romney. Newt Gingrich said it is ‘a devastatingly bad bill’ that is ‘killing small banks, killing small business, killing the housing industry.’ Representative Michele Bachmann regularly reminds voters that she introduced the first Dodd–Frank repeal bill this year. New York Times, 20 September 2011.

3. Erkens, D., Hung, M. and Matos, P.P. (2010) Corporate Governance in the 2007–2008 Financial Crisis: Evidence from Financial Institutions Worldwide. ECGI – Finance Working Paper no. 249/2009; CELS 2009 4th Annual Conference on Empirical Legal Studies Paper. Available at SSRN: http://ssrn.com/abstract=1397685 , accessed 27 November 2010.

4. Beltratti, A. and Stulz, R.M. (2009) Why Did Some Banks Perform Better during the Credit Crisis? A Cross-Country Study of the Impact of Governance and Regulation. Fisher College of Business Working Paper no. 2009-03-012. Available at SSRN: http://ssrn.com/abstract=1433502 , accessed 27 November 2010.

5. Adams, R.B. (2009) Governance and the Financial Crisis. ECGI – Finance Working Paper no. 248/2009. Available at SSRN: http://ssrn.com/abstract=1398583 , accessed 27 November 2010.

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