How Does Regulation Affect Banking Sector Performance, Risk Taking and Stability; Evidence from Dual Banking System

Several countries around the world have been embarking on dual banking system with the rapid progression of Islamic banks as a substitute to established conventional banks. This study examines and compares efficiency, stability and risk taking with regulations and supervision, of 77 Islamic banks 14...

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Main Author: Faruqi, Rimsha Kiran
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2016
Online Access:https://eprints.nottingham.ac.uk/36072/
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author Faruqi, Rimsha Kiran
author_facet Faruqi, Rimsha Kiran
author_sort Faruqi, Rimsha Kiran
building Nottingham Research Data Repository
collection Online Access
description Several countries around the world have been embarking on dual banking system with the rapid progression of Islamic banks as a substitute to established conventional banks. This study examines and compares efficiency, stability and risk taking with regulations and supervision, of 77 Islamic banks 141 conventional banks from 9 countries between 2005 and 2014. Data Envelopment Approach is used for the calculation of profit and cost efficiency scores. Stability of banks used two proxies: score and capitalization ratio. And loan loss provision ratio is used for measuring risk-taking behaviour of banks. In addition to regulatory factors, country-specific and bank-specific variables are also included in the study. Results show that while higher capital requirements improve cost efficiency of conventional banks, they seem to result in cost inefficiency among Islamic banks. Similarly, greater restrictions on activities of conventional banks enhance their performance but Islamic banks become cost inefficient under such regulatory environment. However both type of banks perform better under private monitoring as compared to when controlled by the supervisory agencies. Regarding stability it was found that conventional banks are more stable under official supervision whereas, Islamic bank’s become more stable under private monitoring. Furthermore, while capital requirements and official supervision increase the risk taking activities by the banks private monitoring and higher restrictions on the activities assist in controlling the risk taking in both banking systems. However, size of the bank and profitability ratio effect risk taking of conventional and Islamic banks differently indicating that as loans given by Islamic banks are backed by real assets,Islamic banks tend to have lower reserve for loan loss reserve as compared to the conventional banks.
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spelling nottingham-360722017-10-19T16:51:29Z https://eprints.nottingham.ac.uk/36072/ How Does Regulation Affect Banking Sector Performance, Risk Taking and Stability; Evidence from Dual Banking System Faruqi, Rimsha Kiran Several countries around the world have been embarking on dual banking system with the rapid progression of Islamic banks as a substitute to established conventional banks. This study examines and compares efficiency, stability and risk taking with regulations and supervision, of 77 Islamic banks 141 conventional banks from 9 countries between 2005 and 2014. Data Envelopment Approach is used for the calculation of profit and cost efficiency scores. Stability of banks used two proxies: score and capitalization ratio. And loan loss provision ratio is used for measuring risk-taking behaviour of banks. In addition to regulatory factors, country-specific and bank-specific variables are also included in the study. Results show that while higher capital requirements improve cost efficiency of conventional banks, they seem to result in cost inefficiency among Islamic banks. Similarly, greater restrictions on activities of conventional banks enhance their performance but Islamic banks become cost inefficient under such regulatory environment. However both type of banks perform better under private monitoring as compared to when controlled by the supervisory agencies. Regarding stability it was found that conventional banks are more stable under official supervision whereas, Islamic bank’s become more stable under private monitoring. Furthermore, while capital requirements and official supervision increase the risk taking activities by the banks private monitoring and higher restrictions on the activities assist in controlling the risk taking in both banking systems. However, size of the bank and profitability ratio effect risk taking of conventional and Islamic banks differently indicating that as loans given by Islamic banks are backed by real assets,Islamic banks tend to have lower reserve for loan loss reserve as compared to the conventional banks. 2016 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/36072/1/FaruqiRimshaKiran-36072.pdf Faruqi, Rimsha Kiran (2016) How Does Regulation Affect Banking Sector Performance, Risk Taking and Stability; Evidence from Dual Banking System. [Dissertation (University of Nottingham only)]
spellingShingle Faruqi, Rimsha Kiran
How Does Regulation Affect Banking Sector Performance, Risk Taking and Stability; Evidence from Dual Banking System
title How Does Regulation Affect Banking Sector Performance, Risk Taking and Stability; Evidence from Dual Banking System
title_full How Does Regulation Affect Banking Sector Performance, Risk Taking and Stability; Evidence from Dual Banking System
title_fullStr How Does Regulation Affect Banking Sector Performance, Risk Taking and Stability; Evidence from Dual Banking System
title_full_unstemmed How Does Regulation Affect Banking Sector Performance, Risk Taking and Stability; Evidence from Dual Banking System
title_short How Does Regulation Affect Banking Sector Performance, Risk Taking and Stability; Evidence from Dual Banking System
title_sort how does regulation affect banking sector performance, risk taking and stability; evidence from dual banking system
url https://eprints.nottingham.ac.uk/36072/