000			01540nam a2200157 4500
999			_c512650 _d512650
008			191205b ||||| |||| 00| 0 eng d
100			_aQuaglia, Lucia _914282
245			_aRegulators and the quest for coherence in finance: the case of loss absorbing capacity for banks
260			_bPublic Administration
300			_a97(3), 2019: p.499-512.
520			_aAfter the international financial crisis, new financial regulation was adopted at the international, regional and national levels, raising the issue of how to promote regulatory coherence, defined as the consistency between the rules adopted at different governance levels and in a variety of policy venues. A major recent area of reform concerned the loss absorbing capacity (LAC) of banks. In practice, the lack of regulatory coherence concerning LAC hampers the effective resolution of large international banks in a timely manner, ultimately undermining financial stability. We examine the role of regulators in the quest for coherence on LAC, explaining the incentives they had and how they deployed their delegated competences at different levels to achieve coherent rules that ensure financial stability. Theoretically, we combine insights from the public administration and political economy literatures. Methodologically, we process trace the making of LAC rules on three governance levels and in multiple policy venues. - Reproduced.
700			_aSpendzharova, Aneta _914283
773			_aPublic Administration
906			_aBanks and Banking
942			_2ddc _cAR