This paper reviews post-crisis financial regulatory reforms, examines how they fit together
and identifies open issues. Specifically, it takes stock of the salient new features of bank and …

… We gauge the ES of the whole system N as well as of all subsystems N sub ⊆ N. As it will …
, GCA requires that we derive the joint distribution of L i N sub i ∈ N sub for each N sub …

… Following the intuition in Tarashev et al (2009), we observe that attributing aggregate risk
to parts of the whole is akin to attributing aggregate worth to the individual players in a …

… This general result is studied in detail in Tarashev (2009). … , weighting them by the degree
of confidence that one attaches to them (Tarashev et al (2009)). In addition, it may be advisable …

We identify three business models using balance sheet characteristics of 222 international
banks and a data-driven procedure. We find that institutions engaging mainly in commercial …

Are there simple yet reliable indicators of banks’ systemic importance? In addressing this
question, this article explores three model-based measures of systemic importance and finds …

Banks' performance on equity and debt markets since the Covid-19 outbreak has been on a
par with that experienced after the collapse of Lehman Brothers in 2008. During the initial …

Over the past decade, many emerging markets have increased their dependence on credit
from foreign banks. However, the ongoing financial crisis may prompt banks to reassess their …

The three major rating agencies are reassessing banks’ credit risk in the light of the recent
crisis. So far, this has resulted in material downgrades, especially of European and US …

We allocate banks to distinct business models by experimenting with various combinations
of balance sheet characteristics as inputs in cluster analysis. Using a panel of 178 banks for …