This paper studies the impact of cyclical systemic risk on future bank profitability for a large representative panel … risk predict large drops in the average bank-level return on assets (ROA) with a lead time of 3-5 years. Based on quantile … local projections we further show that the negative impact of cyclical systemic risk on the left tail of the future bank …

supervisory data set collected by the European Central Bank that covers 26 large banks in the euro area. To assess the impact of …

Europe’s financial structure has become strongly bank-based – far more so than in other economies. We document that an … paper concludes by discussing policy solutions to Europe’s “bank bias”, which include reducing regulatory favouritism …

Europe's financial structure has become strongly bank-based – far more so than in other economies. We document that an … paper concludes by discussing policy solutions to Europe's “bank bias”, which include reducing regulatory favouritism …

This paper addresses the trade-off between additional loss-absorbing capacity and potentially higher bank risk …

strength of monetary policy accommodation and the degree of bank riskiness are key determinants of the trade-off between the …

the effect of competition on realised bank risk (i.e. more intense competition and greater use of securitisation is …

the LRR is no longer the binding capital constraint on them. If the LRR is lower than the average bank's IRB requirement …