The use of collateral has become one of the most widespread risk mitigation techniques. While it brings stabilizing … effects to the individual lender we argue that it may exacerbate systemic risk through margin call activation. We show how a …

'' incentives, we show that under an expanded mandate to explicitly oversee systemic risk, regulators would be more forbearing … degree of systemic risk vis-á-vis a multiple regulatory arrangement …

shareholders; (ii) implementing the new related party lending regulation with tightened definitions; (iii) strengthening oversight …

This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United … States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank …

Banks will want to influence the bank regulator to favor their interests, and they typically have the means to do so …. It is shown that such ""regulatory capture"" in banking does not imply ineffectual regulation; a ""captured"" regulator … may impose very tight, costly prudential requirements to reduce negative spillovers of risk-taking by weaker banks. In …

that can be made to capture country-specific institutional features. The model uses bank portfolio data broken down by risk …We present a semi-structural model of default risk, which is a function of loan and borrower characteristics, economic … conditions, and the regulatory environment. We use this model to simulate bank credit losses for stress-testing purposes and to …

We analyze a range of macrofinancial indicators to extract signals about cyclical systemic risk across 107 economies … patterns over the financial cycle. We find that liquidity and solvency risk indicators tend to be counter-cyclical, whereas … mispricing risk ones are procyclical, and they all lead the credit cycle. Our results lend support to high-level accounts that …

This paper assesses liquidity risk for the United States (U.S.) bond mutual funds industry and performs a range of …

Cyber risk is an emerging source of systemic risk in the financial sector, and possibly a macro-critical risk too. It … approaches to assess and monitor cyber risk to the financial sector, including various approaches to stress testing. The paper …