, liquidity management, and synergy improvements that reduce risk. The outcomes of such trade-offs may depend on bank governance … this type of complexity, leading to a decrease in systemic risk and an increase in liquidity risk among BHCs. While bank …Bank holding companies (BHCs) can be complex organizations, conducting multiple lines of business through many distinct …

-of-second-to-last-resort". Using daily supervisory bank balance sheet information, we find that U.S. GSIBs modestly increase their dollar liquidity … broker-dealer subsidiaries within the same bank holding company are crucial to this type of "reserve-draining" intermediation …

-level governance, country-level governance, country-level regulation, and bank balance sheet and profitability characteristics before …Though overall bank performance from July 2007 to December 2008 was the worst since at least the Great Depression … performance of banks during the credit crisis. More specifically, we investigate whether bank performance is related to bank …

institutional change that is likely to occur. These examples emphasize the role of hedging versus equity capital in managing risk …, the need for risk accounting and changes in methods for implementing both regulatory and stabilization public policy …

We propose several econometric measures of systemic risk to capture the interconnectedness among the monthly returns of … find that all four sectors have become highly interrelated over the past decade, increasing the level of systemic risk in … of market dislocation, and systemic risk arises from a complex and dynamic network of relationships among hedge funds …

their risk assessments and outcomes to those from a simple methodology that relies on publicly available market data and … market data; (iii) This discrepancy arises due to the reliance on regulatory risk weights in determining required levels of … capital once stress-test losses are taken into account. In particular, the continued reliance on regulatory risk weights in …

Here, I present and discuss a "10-by-10-by-10" network-based approach to monitoring systemic financial risk. Under this … of cash flow, allowing regulators to assess risk magnitudes in terms of stresses to both economic values and also …

, and near-frictionless refinancing opportunities---led to vastly increased systemic risk in the financial system …