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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
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Fire-sale spillovers and systemic risk
Duarte, Fernando; Eisenbach, Thomas M. - 2013
We construct a new systemic risk measure that quantifies vulnerability to fire-sale spillovers using detailed regulatory balance sheet data for U.S. commercial banks and repo market data for broker-dealers. Even for moderate shocks in normal times, fire-sale externalities can be substantial. For...
Persistent link: https://www.econbiz.de/10010202672
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The UBS-Credit Suisse Merger : Helvetia's Gift
Böni, Pascal; Kroencke, Tim-Alexander; Vasvari, Florin P. - 2023
The UBS- Credit Suisse (CS) merger in March 2023, one of the biggest banking unions in history, was an emergency rescue deal engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. The merger resulted in a significant increase in the combined stakeholder net...
Persistent link: https://www.econbiz.de/10014349670
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When trust is not enough: bank resolution, SPE, ring‑fencing and group support
Dewatripont, Mathias; Montigny, Marie; Nguyen, Grégory - 2021
Entry resolution models and links this question to the issue of support that bank subsidiaries can expect from their parent …
Persistent link: https://www.econbiz.de/10012605315
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Shadow banking : financial intermediation beyond banks
Adrian, Tobias; Chrétien, Edouard; Chui, Michael; … - Shadow Banking: Financial Intermediation beyond Banks …; … - 2018
Persistent link: https://www.econbiz.de/10011790739
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Is Small Beautiful? The Resilience of Small Banks During the European Debt Crisis
Liu, Cai - 2019
to provide a liquidity buffer that influences bank-specific loan growth positively (complementarity effect), particularly … in new banking regulation that penalise bank size …
Persistent link: https://www.econbiz.de/10012901000
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Systemic Risk and Bank Business Models
van Oordt, Maarten R.C. - 2014
In this study we disentangle two dimensions of banks' systemic risk: the level of bank tail risk and the linkage … between a bank's tail risk and severe shocks in the financial system. We employ a measure of the systemic risk of financial … bank characteristics are related to bank tail risk and systemic linkage. The interrelationship between bank characteristics …
Persistent link: https://www.econbiz.de/10013045729
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Extreme Yet Plausible : Choosing Scenarios to Stress Test Financial Institutions
Arora, Rohit; Gao, Rui; Tompaidis, Stathis - 2021
Since the 2008 Financial Crisis, stress tests based on extreme-yet-plausible scenarios have become a preferred method of assessing risk for large financial institutions, yet scenario choice has largely been ad-hoc. We propose a principled methodology to choose scenarios by minimizing the...
Persistent link: https://www.econbiz.de/10013238231
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Models of financial stability and their application in stress tests
Aymanns, Christoph; Farmer, J. Doyne; Kleinnijenhuis, … - 2017
We review heterogeneous agent-based models of financial stability and their application in stress tests. In contrast to the mainstream approach, which relies heavily on the rational expectations assumption and focuses on situations where it is possible to compute an equilibrium, this approach...
Persistent link: https://www.econbiz.de/10011906282
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Does a Banking Relationship Help a Firm on the Syndicated Loans Market in a Time of Financial Crisis?
Alexandre, Hervé - 2015
show that firms that had developed a relationship with an investment bank obtained a lower spread, but did not benefit from …
Persistent link: https://www.econbiz.de/10013038577