Hélène Dufour"... our results imply that when derivatives-related proprietary costs are high, benefits of non-compliance likely outweigh the costs."
"We find that banks manage regulatory capital to exceed the threshold and thus to pay lower deposit insurance fees and to have access brokered deposits and financial activities. To reach the threshold
"... the paper surveys the obvious but seldom commented-upon facts that the vast majority of dirty money and assets resides in, passes through, or is facilitated by the world's largest and richest cou
"Our results suggest that a stronger preference for confidential reporting is associated with significantly lower trading volume, return volatility, and absolute returns around banks’ earnings announc