Enhancing Loan Quality Through Transparency: Evidence from the European Central Bank Loan Level Reporting Initiative

We explore whether transparency in banks’ securitization activities enhances loan quality. We take advantage of a novel disclosure initiative introduced by the European Central Bank, which requires, as of January 2013, banks that use their asset-backed securities as collateral for repo financing to report securitized loan characteristics and performance in a standardized format. We find that securitized loans originated under the transparency regime are of better quality with a lower default probability, a lower delinquent amount, fewer days in delinquency and lower losses upon default. Additionally, banks with more intensive loan level information collection and those operating under stronger market discipline experience greater improvement in their loan quality under the new reporting standards. Overall, we demonstrate that greater transparency has real effects by incentivizing banks to improve their credit practices

Rapport de l'annee 1984 sur l'etat des connaissances scientifiques et techniques dans le domaine de la maitrise de l'energie et des matieres premieres. Programme de recherche et d'innovation de l'agence francaise pour la maitrise de l'energie

SIGLECNRS-CDST / INIST-CNRS - Institut de l'Information Scientifique et TechniqueFRFranc

Rapport sur l'etat des connaissances scientifiques et techniques dans le domaine de la maitrise de l'energie

SIGLECNRS-CDST / INIST-CNRS - Institut de l'Information Scientifique et TechniqueFRFranc

Performance Of Gladiolus Under Protected Cultivation In The Rainy Season

An investigation was conducted with a view to observing the performance of two gladiolus genotypes during the rainy summer under poly tunnel production system. The genotype GL-027 produced taller plants (73.8 cm) with longer spike (97.2 cm) and longer rachis (51.7 cm) compared to the genotype GL-023. In respect of spike length (97.0 cm), rachis length (54.4 cm), weight of corm per plant (16.0g) and weight of cormel per plant (30.3 g), 1 July planting was better than in 1 May planting. Plants grown under poly tunnel produced flower earlier (82.5 days) compared to plants grown without poly tunnel (84.6 days). Although difference of only two days in flower initiation is of no significance, but plants grown under poly tunnel performed better in respect of number of florets per spike (12.8), number of cormels per plant (8.2), weight of corm per plant (16.0 g) and weight of cormels per plant (30.6 g) than the plants grown without poly tunnel. Keywords: Gladiolus; protected cultivation; rainy season. DOI: http://dx.doi.org/10.3329/bjar.v36i2.9256 BJAR 2011; 36(2): 285-290</jats:p

Mise en oeuvre et utilisation du biogaz

SIGLECNRS-CDST / INIST-CNRS - Institut de l'Information Scientifique et TechniqueFRFranc

Etablissement d'un bilan scientifique du procede de methanisation CETOM-METHANE

SIGLECNRS-CDST / INIST-CNRS - Institut de l'Information Scientifique et TechniqueFRFranc

Campagne de mesures des piscines solaires. Saison 1982

SIGLECNRS-CDST / INIST-CNRS - Institut de l'Information Scientifique et TechniqueFRFranc

La lettre de Rhonalpenergie. Dossier-lettre no 5. Un exemple regional: special bois

CNRS-CDST / INIST-CNRS - Institut de l'Information Scientifique et TechniqueSIGLEFRFranc