' liabilities, and argue that they are unlikely to improve bank boards' effectiveness or prevent excessive risk-taking. We criticize …, the European Union has engaged in an ambitious overhaul of banking regulation. One of its centerpieces, the 2013 Fourth … banks. We focus on the provisions that are aimed at reshaping bank boards' composition, functioning, and their members …

, 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 …

risk premium that must go down if banks have more equity. It is thus incorrect to assume that the required return on equity … empirical support. We conclude that bank equity is not socially expensive, and that high leverage at the levels allowed, for … challenges are addressed, capital regulation can be a powerful tool for enhancing the role of banks in the economy. …

, regulation and supervision cannot achieve zero failure regimes. Banks fail like any other commercial entities, and will continue … to fail. Failure of a bank may trigger formal insolvency (resolution) proceedings, if there is no available option to … save it as a going concern. Bank insolvency proceedings comprise various mechanisms, instruments, and transactions to …

. The European Central Bank, in its capacity as supervisory authority for systemically important banks, as well as the …

This paper investigates the impact of governance and regulation on systemic risk across a sample of banks from 10 … Emerging CEE countries during 2005-2012. Overall, our results show that tight internal risk management mechanisms and … shareholder-friendly supervisory boards are associated with higher contribution of banks to systemic risk. Additionally, external …

-2007), crisis (2008-2010), post-crisis (2011-2013) and normalcy (2014-2016). We find that risk metrics such as leverage and … premature to conclude that 'Too Big to Fail" has been solved, but macro-prudential regulation is now much more effective and …