In this paper we investigate the relationship between changes in risk and changes in leverage for a panel of Swiss … banks. Using market data for risk and both accounting and market data for capital for the period between 1990 and 2002, we … find a positive correlation between changes in capital and changes in risk, i.e., higher levels of capital are associated …

international subsidiary locations and risk of U.S. bank holding companies (BHCs). We find that U.S. BHCs are more likely to operate … risk and higher contribution to systemic risk. The quality of BHCs' internal controls and risk management play an important … role in these location choices and risk outcomes. Overall, our study suggests that U.S. banking organizations engage in …

securities that were hard to value. These securities created concerns about counterparty risk and ultimately created substantial …

-2013. Predicted distress risk has a consistently positive and significant effect on sub-debt spreads, suggesting the presence of … market discipline. A higher bailout probability significantly reduces the risk-sensitivity of spreads for the full sample …, appearing both as a uniform rise in, and a heightened risk sensitivity of, sub-debt spreads during the crisis. …

investors priced the risk of low-documentation loans via larger required equity tranches and/or higher security yields. …