Biography
Mark Flannery is the Bank of America Eminent Scholar in Finance in the Warrington College of Business. His work is focuses on corporate finance and the financial regulatory process, particularly as it applies to banks in the United States and abroad. Current research interests include the stability of “shadow banking” institutions and Islamic banking.
Areas of Expertise (7)
Government Regulation of the Financial Sector
Banks and Supervision
Financial Advisors
Monetary Policy
SEC Regulation
Mutual Funds
Business
Media Appearances (3)
Fed’s Unprecedented Interest Rate Hike Means Uncertainty For US Banking Sector
Texas A&M Today online
2023-05-03
Federal Reserve officials released an interest rate decision Wednesday afternoon that a Texas A&M University finance expert says will likely send shockwaves throughout the financial markets and U.S. banking sector.
Is First Republic Bank’s failure sign of a slow-motion banking crisis?
Vox online
2023-05-01
JPMorgan Chase bought most of the assets of First Republic Bank in a deal announced early Monday, just after the federal government seized control of the troubled regional bank. First Republic is the second-largest bank failure in US history, following Washington Mutual which collapsed in 2008 and was also acquired by JPMorgan.
Silicon Valley Bank Sold to First Citizens in Government-Backed Deal
The New York Times online
2023-03-27
First Citizens BancShares, a family-run bank in North Carolina that traces its history to the late 1800s, said on Sunday that it would acquire Silicon Valley Bank, the California lender founded in the 1980s at the center of the technology industry, whose rapid growth and sudden collapse this month sent shock waves across the financial sector.
Articles (3)
Housing Booms and Bank Growth
Social Science Research NetworkMark J Flannery, et al.
2021-02-18
The rapid increase in U.S. house prices during the 2001-2006 period was accompanied by a historically rapid expansion of bank assets. This article exploits cross-regional variation in local housing booms to study how housing demand shocks affected the growth of the banking sector. This article estimates the effect of housing demand shocks. The finding was the housing boom’s large effect on bank asset growth.
Contrasting Worldviews at Bank and Securities Market Regulators
Journal of Money, Credit and BankingMark J Flannery
2020-11-06
Bank and securities regulators operate with different attitudes about the appropriate regulation of financial institutions and markets. Securities market regulators tend to presume that security markets almost always clear quickly at prices close to the asset's fundamental value. These regulators seek to assure full disclosure of information, which facilitates active securities trading. The Securities and Exchange Commission's investor protection duties are tailored to the financial sophistication of investors.
Bond Mutual Fund Flows, Fund Liquidity, and Broker-Dealer Inventories
Social Science Research NetworkMark J Flannery
2020-07-01
Some financial supervisors worry that liquidity transformation within the “shadow banking” sector might threaten financial stability. One protection against this possibility would be a broker-dealer sector that stands ready to stabilize prices by buying (or selling) for its own inventory. I evaluate the extent to which bond mutual funds’ flows are reflected in broker-dealers’ inventories. These results provide further information about how various types of bond mutual funds handle liquidity demands.
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