The crisis management framework for banks in the European Union (EU) requires the resolution authorities to identify …

Procedure (MIP) Scoreboard of the European Commission to the crisis database of the European Systemic Risk Board (ESRB). The … events and (iv) Significant asset price corrections in EU Member States. Furthermore, we contribute to the literature by …

We study the impact of changes in regulations and policy interventions on systemic risk among European sovereigns … measured as volatility spillovers in respective credit risk markets. Our unique intraday CDS dataset allows for precise … which were most effective in reducing systemic risk. In comparison, we find that the effect of policy interventions was …