IDEAS home Printed from https://ideas.repec.org/a/mul/jqmthn/doi10.1435-34749y2011i1p9-48.html
   My bibliography  Save this article

The cost of banking regulation: A comparison among Italy, France and Spain

Author

Listed:
  • Domenico Piatti

Abstract

The paper examines both the direct regulatory cost and the compliance cost with financial regulations. More specifically, the paper intends to quantify the direct regulatory cost by considering, for the period 2000-2007 the accounting data of the regulatory agencies operating in Italy, France and Spain. This comparison can give a benchmark to asses the effect of regulation. Moreover the paper attempts to analyse the compliance cost with the financial regulation by using the data available in the surveys of Interbank Convention Automation for a period 2005-2007. An empirical analysis shows: a) a significant impact of direct cost sustained by financial authority much higher in Italy than in the other 2 countries, b) a significant effect of compliance cost on operating costs of the banks. The aggregated data of Interbank Convention on Automation leads to hypothesize, for smaller banks, the existence of cost disadvantage in comply with regulations.

Suggested Citation

  • Domenico Piatti, 2011. "The cost of banking regulation: A comparison among Italy, France and Spain," Banca Impresa Società, Società editrice il Mulino, issue 1, pages 9-48.
    • Handle: RePEc:mul:jqmthn:doi:10.1435/34749:y:2011:i:1:p:9-48
    as

    Download full text from publisher

    File URL: https://www.rivisteweb.it/download/article/10.1435/34749
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.rivisteweb.it/doi/10.1435/34749
    Download Restriction: no
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Comparative costs; financial regulation; compliance costs; direct regulatory costs; italian banks; G18; G15.;
    All these keywords.

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mul:jqmthn:doi:10.1435/34749:y:2011:i:1:p:9-48. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.rivisteweb.it/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.