causal effects of those reforms on bank risk. Using a difference-in-difference approach, we show that banks’ financial … corporate governance. We also find that the effects of legal and governance reforms on bank risk may critically depend on the … progress of banking reforms. A further examination of alternative risk measures reveals that the increases in financial …

Conventional wisdom in banking argues that diversification tends to reduce bank risk and improve performance, but the … recent financial crisis suggests that aggressive diversification strategies may have resulted in increased risk taking and … poor performance. This paper addresses this important question by evaluating the empirical relationship between …

This paper proposes an early-warning bank risk measure based on the syndicate concentration of recent syndicated loans …

relationship between retail payment business and overall bank performance. Using data from across 27 European markets over the … period 2000-07, we analyse whether the provisions of retail payment services are reflected in improved bank performance …, using accounting ratios and efficiency measures. The results confirm that the performance of banks in countries with more …

been in pursuit of possible outcomes for undertaking such credit risk. In this paper, we propose a simplified formula to …

to significantly improve performance. …

depositors flexibly accommodated to the changing sources of risk. We also analyse the informational foundations of depositors … to accounting risk measures. We establish that depositors’ actions were much more strongly influenced by press rumours …

performance. We then review the policy tools available to promote efficient retail payments in Europe. We argue that while SEPA is …