commercial and investment banking activities under one entity, as well as the interconnectedness of the banking entities with … other financial institutions, investment funds, and the shadow banking system. This paper focuses on various measures that … aim to structurally separate the banking entities and their core functions from riskier financial activities such as …

groups.But do these group provisions ensure a consistent recovery procedure for the entire banking group across borders …? While recovery tools applicable to more than one group affiliate are part of the EU regulatory framework, use of such tools … architecture of supervision in the EU, and in particular, the relationships between supervisors within and beyond the SSM …

the global banking system. Drawing on a unique dataset, the paper documents the degree of interconnectedness and systemic … risk of the euro area banking system based on bilateral linkages. We develop a Contagion Mapping model fully calibrated … tipping points shifting the euro area banking system from a less vulnerable state to a highly vulnerable state are a non …

might have undermined regional stability. If they wish to protect EU taxpayers from potentially destabilizing regulatory …

Transnational regulatory networks play important roles in multi-level regulatory regimes, as e.g, the European Union …. In this paper we analyze the role of regulatory networks from the perspective of the economic theory of legal federalism … the insights of the political science literature about regulatory networks, we show that regulatory networks might be an …

The European Union's (EU) mission has been and continues to be the establishment of a single, internal market for … financial services comprising the entire territory of its fifteen Member States. Achieving a single market was historically … dependent on provision of market access and development of a comprehensive securities regulatory regime to displace or otherwise …