Introduction / Charles Goodhart, Daniela Gabor, Ismail Ertürk, and Jakob Vestergaard -- Constraining descretion in bank … bolster Europe's ailing banks / Jakob Vestergaard and Maria Retana -- Bank resolution in comparative perspective : what … Nier -- Bank resolution in New Zealand and its implications for Europe / David G. Mayes -- Collateral and monetary policy …

. We then investigate whether this effect is influenced by two key bank characteristics: securitization and bank capital …We examine how bank competition in the run-up to the 2007-2009 crisis affects banks' systemic risk during the crisis …. Using a sample of the largest listed banks from 15 countries, we find that greater market power at the bank level and higher …

performance. Nevertheless, the effect of residential mortgage loans securitization on bank risk appeared to be negative after the … crisis, indicating that the securitization of this type of credit can reduce the bank risk in the detriment of a lower profit … their effects on the bank risk, liquidity and profitability before the crisis event and contributes to the recent scarce …