We study the impact of macroprudential capital buffers on banking groups' lending and risk-taking decisions, also investigating implications for internal capital markets. For identification, we exploit heterogeneity in buffers applied to other systemically important institutions, using...

We investigate the impact of macroprudential capital requirements on bank lending behaviour across economic sectors, focusing on their potentially heterogenous effects and transmission channel. By employing confidential loan-level data for the euro area over 2015-18, we find that the reaction of...

We study the impact of higher bank capital buffers, namely of the Other Systemically Important Institu- tions (O-SII) buffer, on banks' lending and risk-taking behaviour. The O-SII buffer is a macroprudential policy aiming to increase banks' resilience. However, higher capital requirements...

We study the impact of macroprudential capital buffers on banking groups' lending and risk-taking decisions, also investigating implications for internal capital markets. For identification, we exploit heterogeneity in buffers applied to other systemically important institutions, using...

Beggar-thy-neighbour in macroprudential policy? To answer this question, we study the impact of macroprudential capital buffers on banking groups’ lending and risk-taking decisions. This paper also presents the first evidence on whether banking groups respond to changes in capital buffers by...

Beggar-thy-neighbour in macroprudential policy? To answer this question, we exploit a confidential dataset, including a large set of banking groups operating in the euro area and abroad, which are subject to additional capital buffers (OSII buffers). This paper studies the impact of...