Fed paper estimates impact of more stringent bank supervision

federal reserve

A discussion paper, published by the Federal Reserve in August, examines changes in the stringency of the US bank rating system known as ‘Camels', suggesting that while variation is small, a tightening of supervisory standards has a significant impact on bank lending.

Authors William Bassett, Seung Jung Lee and Thomas Spiller use ratings and bank balance sheet data over the period 1991–2011 to assess changes in supervisory standards. The paper finds that most changes to the stringency of ratings

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