regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly … "missed the forest for the trees". As a result, the need for macroprudential aspects of regulation emerged, which has recently … macroprudential regulation in creating stable, yet effcient financial systems. At the same time, I emphasize the importance of …

This paper investigates the complementarity between the different macroprudential policies to contain bank systemic … vary depending on the set of tools implemented, as well as bank’ size, TBTF, leverage, liquidity and concentration. Our …

regulation, recovery and resolution, and risk culture. …

' risk is shaped through several channels like bank size, the share of foreign bank assets, banking sector competition and …

This paper contributes to the debate on the adequate regulatory treatment of non-bank financial intermediation (NBFI … proverbial race between hare and hedgehog in financial regulation and demonstrate how such an approach can be implemented in … proposes to apply regulatory burdens equivalent to prudential banking regulation if the respective transactional structures …