Using a novel cross-European dataset on bank internationalization, the paper accounts for both organizational and …–11 European sovereign debt crisis might have modified such an impact. Ahead of the crisis (2005–07), results suggest that bank … complexity affects systemic risk via its impact on bank size, activity diversity and foreign expansion strategies. Regardless of …

reduce significant idiosyncratic operational losses. A systemic risk event that leads to significant losses in a bank holding … goal to improve quality and principled performance through measurable tools that may enhance effectiveness and efficiency …

of the less regulated, so-called shadow banking sector. Employing flow-of-funds data for the Euro Area's non-bank banking … increase in non-bank banking). Overall intermediation activity, hence, has remained roughly at the same level. Moreover, our … findings also suggest that non-bank banks have tended to take positions in riskier assets (particularly in equities). In line …