This paper provides evidence on how the new international regulation on Global Systemically Important Banks (G … across 12 relevant regulatory announcement and designation events. We observe that the new regulation negatively affects the …-Big-to-Fail (TBTF) perception by investors. The fact that these valuation effects emerge from a regulation specifically designed to …

Using a novel cross-European dataset on bank internationalization, the paper accounts for both organizational and …–11 European sovereign debt crisis might have modified such an impact. Ahead of the crisis (2005–07), results suggest that bank … complexity affects systemic risk via its impact on bank size, activity diversity and foreign expansion strategies. Regardless of …

diversification, value creation and riskiness of financial intermediaries does not provide a unique answer. In this paper we analyze … crisis. Our evidence shows a positive and statistically significant effect of international diversification on both value and …

returns. The increased correlation across stock returns was associated with a reduction in the diversification benefits of …