We examine whether CDS contracts written on individual banks are effective leading indicators of bank financial … distress during a period of systemic bank crisis. Changes in CDS spreads are found to yield a robust signal of failure across a … measures of bank distress, including rating downgrades and accounting risk …

.3% increase in default rates. We present evidence revealing the extent to which bank financing dependence affects the influence of … rollover risk on default risk. Firms that depend on bank financing suffer the strongest rollover risk, especially during crisis …

particular, we ask whether bank-dependent firms suffer greater rollover risk than otherwise similar firms that do not rely on … bank financing (i.e., firms that depend on publicly traded debt). Empirical evidence strongly supports the rollover risk … examine if the rollover risk effect is higher for firms that depend on bank financing, compared with firms without this …

relationship between LGD and default date, workout period, loan modification, asset size, bank characteristics, geography, lien …

to fail. Failure of a bank may trigger formal insolvency (resolution) proceedings, if there is no available option to … save it as a going concern. Bank insolvency proceedings comprise various mechanisms, instruments, and transactions to … enable resolution authorities to properly deal with a failed bank. Bank restructuring within insolvency proceedings means …