US enforcement actions stopped worse borrowing terms during subprime crisis, paper argues

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Bank enforcement actions by US regulators before 2008 prevented the cost of borrowing from rising "much higher" during the subprime crisis, a working paper published by the Bank of Finland argues.

In Bank enforcement actions and the terms of lending, Yota Deli, Manthos Delis, Iftekhar Hasan and Liuling Liu use their own dataset on enforcement actions to examine how they affect the terms of syndicated loans. The authors match all formal enforcement actions by US authorities against banks between

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