Christian Laux is WU researcher of the month

VGSF fac­ulty mem­ber Chris­tian Laux is WU re­searcher of the month Decem­ber. In his re­search video he talks about the topic "Did banks un­derre­port losses and delay dis­clos­ures dur­ing the fin­an­cial crisis?".

Politi­cians, reg­u­lat­ors, and pun­dits have criti­cized banks' fin­an­cial re­port­ing as a key cul­prit of the prob­lem in the fin­an­cial crisis 2008–2009 and have called for changes. But is the criti­cism really jus­ti­fied? What changes are ne­ces­sary? In a re­cent study, Pro­fessor Chris­tian Laux from the In­sti­tute for Fin­ance, Bank­ing and In­sur­ance at WU (Vi­enna Uni­versity of Eco­nom­ics and Busi­ness) and his co-au­thors ex­am­ine the dis­clos­ure and re­cog­ni­tion of losses of in­ter­na­tional banks dur­ing the fin­an­cial crisis. The au­thors also in­vestig­ate the con­sequences of a reg­u­la­tion that re­duces the im­pact of losses on banks’ re­quired reg­u­lat­ory cap­ital. The evid­ence is im­port­ant to guide stand­ard set­ting and re­cent de­bates in bank reg­u­la­tion.

The title Re­searcher of the Month is awar­ded every month as a spe­cial re­cog­ni­tion and ap­pre­ci­ation of the re­search achieve­ments of the dis­tin­guished per­son.