In our paper, Banks’ Survival during the Financial Crisis: The Role of Financial Reporting Transparency, which was recently made publicly available on SSRN, we focus on how financial reporting quality affects bank stability by examining the relation between bank transparency and regulatory intervention in the form of enforcement orders and bank closures. Enforcement orders are issued against banks in which a federal regulator such as the Federal Reserve, the OCC, or the FDIC has found unsafe or unsound banking practices and violations of law and/or regulations. A bank closure, also known as a bank failure, generally refers to the closing of a bank by a federal or state banking regulatory agency due to concerns that the bank will be unable to meet its obligations to its depositors or other creditors.

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