for the remaining three quintiles of listed European banks. This observation suggests that the Basel process has succeeded … in containing systemic risk for the majority of European banks but not for the largest and most risky institutions. In … risk. Based on this evidence, the sub-prime crisis found especially the largest and more systemic banks ill-prepared and …

for the remaining three quintiles of listed European banks. This observation suggests that the Basel process has succeeded … in containing systemic risk for the majority of European banks but not for the largest institutions. In the second part … on this evidence, the sub-prime crisis found especially the largest and more systemic banks ill-prepared and lacking …