• Corporate Groups 

      Tröger, Tobias H. (2014-09-22)
      This paper contrasts the recent European initiatives on regulating corporate groups with alternative approaches to the phenomenon. In doing so it pays particular regard to the German codified law on corporate groups as the ...
    • Does Say on Pay Matter? Evidence from Germany 

      Tröger, Tobias H.; Walz, Uwe (2017-09-13)
      We analyze a hand-collected dataset of 1682 executive compensation packages at 34 firms included in the main German stock market index (DAX) for the years 2009-2017 in order to investigate the impact of the 2009 say on pay ...
    • How Special Are They? – Targeting Systemic Risk by Regulating Shadow Banking 

      Tröger, Tobias H. (2014-10-05)
      This essay argues that at least some of the financial stability concerns associated with shadow banking can be addressed by an approach to financial regulation that imports its functional foundations more vigorously into ...
    • Regulatory Influence on Market Conditions in the Banking Union 

      Tröger, Tobias H. (2015-06-02)
      This paper looks into the specific influence that the European banking union will have on (future) bank client relationships. It shows that the intended regulatory influence on market conditions in principle serves as a ...
    • Remarks on the German Regulation of Crowdfunding 

      Tröger, Tobias H. (2017-12-05)
      Crowdfunding is a buzzword that signifies a sub-set in the new forms of finance facilitated by advances in information technology usually categorized as fintech. Concerns for financial stability, investor and consumer ...
    • The Single Supervisory Mechanism – Panacea or Quack Banking Regulation? 

      Tröger, Tobias H. (2014-09-10)
      This paper analyzes the new architecture for the prudential supervision of banks in the euro area. It is primarily concerned with the likely effectiveness of the SSM as a regime that intends to bolster financial stability ...
    • Too Complex to Work: A Critical Assessment of the Bail-in Tool under the European Bank Recovery and Resolution Regime 

      Tröger, Tobias H. (2018-02-06)
      This paper analyzes the bail-in tool under the BRRD and predicts that it will not reach its policy objective. To make this argument, this paper first describes the policy rationale that calls for mandatory private sector ...
    • Why MREL Won't Help Much 

      Tröger, Tobias H. (2018-01-28)
      The bail-in tool as implemented in the European bank resolution framework suffers from severe shortcomings. To some extent, the regulatory framework can remove the impediments to the desirable incentive effect of private ...