between these vehicles and lead banks. CLOs that have a relationship with the lead bank of the renegotiated loan are strong … fund not only their portion of the loan increase, but also the portion that was supposed to be funded by the lead bank. Our … findings highlight the previously unrecognized role of the growing presence of non-bank lenders in corporate lending. …

informationally opaque and the lead bank retains a small loan share, suggesting some substitutability between participants' lending … experience and the lead bank's loan share. Another implication of our findings, which we confirm, is that participant banks do …

scenario with the largest estimates coming from the NGFS (2022a) disorderly transition scenario, where the average bank …

This paper empirically explores the monitoring behavior of banks. We are able to infer bank monitoring activity by … better understand the bank monitoring motives and abilities. We find banks more closely monitor those credits to which they …

estimate bank biases at the credit level by comparing bank-generated risk estimates within loan syndicates. The biases are … positively correlated with measures of regulatory capital, even in the presence of bank fixed effects, consistent with an effort … by low-capital banks to improve regulatory ratios. At the portfolio level, the difference in borrower probability of …