Bank Capital Adequacy and its Regulation

Articles on Capital Adequacy Regulation

"Can UK Banks Pass the Covid-19 Stress Test?" (D. Buckner and K. Dowd). KSP Books (29 June).

How Strong are UK Banks - and can they pass the Covid-19 stress test? (D. Buckner and K. Dowd) Institute of Economic Affairs Covid-19 Briefing (31 July 2020).

Can UK Banks Pass the Covid-19 Stress Test? (D. Buckner and K. Dowd) The Eumaeus Project, 6 May 2020. 

"Are CoCo Bonds Useful as Core Capital Instruments?" (July 2020). Journal of New Finance: Vol. 1, No. 1, Article 1: DOI 10.46671/2521-2480.1000 Available at 


What a Capital Idea! How to Make Britain's Banks More Competitive, Innovative, and Safer. (J. Cochrane and K. Dowd, with an introduction by M. Lesh). London: Adam Smith Institute, 1 May 2019.


A Simple Proposal to Recapitalize the U.S. Banking System." Pp. 29-36 in Norbert J. Michel (Ed.) Prosperity Unleashed: Smarter Financial Regulation. Washington, D.C.: Heritage Foundation.

"Capital Inadequacies: The Dismal Failure of the Basel System of Bank Capital Regulation.” (K. Dowd, M. Hutchinson, S. Ashby and J. Hinchliffe) Cato Institute Policy Analysis No. 681, July 29, 2011.

The Failure of Capital Adequacy Regulation”. Pp. 73-80 in P. Booth (ed) Verdict on the Crash, London: Institute of Economic Affairs, April 2009.

It’s Time to Abolish Risk-Based Regulation.” Insurance Risk and Capital, December 19, 2008.

Assessing the Pre-Commitment Approach to Bank Capital Regulation.” Journal of Risk Finance, Vol. 3, No. 4 (Summer 2002), pages 35-40.

Bank Capital Adequacy versus Deposit Insurance.”  Journal of Financial Services Research, Vol. 17, No. 1, February 2000, pp. 7-15.

Does Asymmetric Information Justify Bank Capital Adequacy Regulation?”  Cato Journal, Vol. 19, No. 1, Spring-Summer 1999, pp. 39-41. 

The Regulation of Bank Capital Adequacy.” Advances in Austrian Economics, Vol. 4, 1997, pp. 95-110.

Blog Postings and Newspaper Articles on Capital Adequacy Regulation

"Northern Rock 10 Years on: Is the UK Banking System Resilient?" Presentation to the Durham Society for Economic Pluralism seminar, St. Mary's College, Durham University, December 2nd 2017. 


"How Onerous are Basel III's Constraints on Bank Leverage?Adam Smith Institute blog, July 25th 2017.


"Are Bank Capital Requirements Really Ten Times Higher than Before the Crisis?" Adam Smith Institute blog, July 13th 2017. 


"Banks need to disclose genuinely available capital." (Natasha Landell-Mills, Kieran Quinn, Eric Tracey, Martin White, Robert Talbut, Frank Curtiss, Kevin Dowd and Stella Fearnley) Financial Times July 8th 2017.


"The Fiction of the 'Great Capital Rebuild'." Adam Smith Institute blog, July 6th 2017.


"The Average Leverage Ratio Across the UK Banking System: 2007 vs Now." Adam Smith Institute blog, June 3rd 2016.


"Two Cheers for the Leverage Ratio." Alt-M, May 12th 2016.


"Do Market Failures Justify Capital Adequacy Regulation?Alt-M, April 19th 2016.