Using a panel data approach for two samples of listed and unlisted European banks, this paper provides evidence that … the literature. Banks change their dividend payouts because they would like to signal good profitability to shareholders … prudential supervisors and regulators to retain earnings. Banks are found not to discount expectations about future economic …

staff collaborated to develop an experimental macro scenario stress testing approach to examine physical risks for banks by …, partly thanks to the strength of Philippines’ banks and economy before the COVID crisis. However, more work is needed before … destructions and their macroeconomic-level transmissions to banks …