authorities. The banks deleverage to comply with a regulatory capital (leverage) ratio, roll off interbank loans, bid for central …In this paper we conduct a simulation run on a sample of Italian banks where a trigger shock, a one-off event fairly … large in size, spreads through the interbank network in a set-up featuring among the actors both commercial banks and the …

We analyse the deleveraging process with reference to a sample of European banks from December 2011 to June 2013 and … find that the leverage ratio (measured as assets to equity) has declined on average from 28.6 to 25.0. Its standard …¿½ugly� (indiscriminate asset sales) even though only a few banks in our sample managed to pursue it also through a reduction in bad assets …

tranches inflicted severe losses on banks, calling into question the credibility of Rating Agencies. I discuss the limits of …

Brothers demise to help banks retain access to wholesale funding. We describe the evolution and the pattern of bond issuance … new market, namely the significant �tiering� of the spreads paid by banks at issuance, finding that they mainly …

banks in the sample, according to their systemic importance scores. The methodology is then applied to EU and Eurozone … samples of banks to obtain their systemic importance ranking and SIFI lists. This is one of the first methodologies capable of … identifying systemically relevant banks at the European level. A statistical analysis and some geographical and historical …

September 2008, in order to support banks and other financial institutions. We first provide an overview of the programmes … the issuance of government guaranteed bonds by banks, examining their impact on banks� funding and highlighting …

steeper than the one approved by the Basel Committee. Finally the difference between the spread/rating relation of banks and …