0000000000894501
AUTHOR
S Polizzi
Persistency of window dressing practices in the US repo markets after the GFC: The unexplored role of the deposit insurance premium
We investigate whether the regulatory improvements made in the aftermath of the global financial crisis have been effective in limiting bank downward window dressing by means of repos in the United States. We find that a strict application of the Basel III regulation wipes out incentives to engage in window dressing to bolster the level of leverage Tier 1 ratio at quarter-end. We also show that the persistency of window dressing is related to the computation of the Federal Deposit Insurance Corporation assessment base, which motivates banks to engage in window dressing to reduce the deposit insurance premium.
Eustatic and oceanographic control on sedimentary evolution of middle-late Quaternary shelf margin-to-upper slope deposits on the Egadi Islands offshore (Italy)
During the past decades a number of sequence stratigraphy studies illustrated how, during Quaternary, interaction between sea level changes and sediment supply controlled the depositional evolution along continental margins, giving a cyclic signature to the sedimentary infilling. However, as both deposition and erosion are processes ultimately controlled by balance between environmental energy and sedimentary influx, also the oceanographic regime takes part in controlling the sedimentary growth along the continental margin. This is exactly what occurs on physiographic settings as islands offshore areas, where bottom currents can be very energetic. In the western Sicily offshore, southwards …