-2009 financial crisis, research has also paid more attention to systemic risk and the impact of financial institutions on systemic … risk. As fintech grows, so too should the concern about its possible impact on systemic risk. This paper analyzes two … firms against the financial system to measure their impact on systemic risk. Our results show that at this time fintech …

-term transition scenarios, we document a significant variance among banks in their risk exposure, with the most exposed institutions …

We study the impact of changes in regulations and policy interventions on systemic risk among European sovereigns … measured as volatility spillovers in respective credit risk markets. Our unique intraday CDS dataset allows for precise … which were most effective in reducing systemic risk. In comparison, we find that the effect of policy interventions was …

We study the impact of changes in regulations and policy interventions on systemic risk among European sovereigns … measured as volatility spillovers in respective credit risk markets. Our unique intraday CDS dataset allows for precise … which were most effective in reducing systemic risk. In comparison, we find that the effect of policy interventions was …

regulation, recovery and resolution, and risk culture. …

In this paper we study systemic risk for the US and Europe. We show that banks' exposures to common risk factors are … crucial for systemic risk. We come to this conclusion by first showing that relations between US and European banks are … than US ones. Regarding the consequences of systemic risk, we show that dependence between the banking sector and a wide …

reallocation by banks in response to regulatory reform. Simulations highlight a tension between concentration and credit risk in … opportunity set to include an area-wide low-risk asset. By reinvesting into such an asset, banks would reduce both their … concentration and credit risk exposure. …

Euro area governments have committed to break the doom loop between bank risk and sovereign risk. But policymakers have …. Simulations highlight a tension in regulatory design between concentration and credit risk. An area-wide low-risk asset - created … risk. …

the macroprudential regulator at the national level. In this paper, we ask whether the drivers of systemic risk differ … bank's contribution to systemic risk (SRISK) at the national and the euro-area level. Our research delivers three main … findings. First, on average, systemic risk increased during the financial crisis. The difference between systemic risk at the …