This paper investigates the effects of financial globalization on bank risk by highlighting the role of rollover risk …. We extend the canonical rollover risk model by allowing an “active” bank manager to choose excessive risk-taking or … systemic risk-shifting actions. Financial globalization is characterized by an increase in investors' opportunity cost, which …

Basel III regulation intent is to increase the resiliency of banks through effective risk management practices that can … reduce significant idiosyncratic operational losses. A systemic risk event that leads to significant losses in a bank holding … are evident in human error, fraud, and legal expenses that are aligned to systemic operational risk. The occurrences of …