This paper analyses the reasons why Spanish banks securitised in the period 2000-2007 on such a large scale that Spain …

. We then investigate whether this effect is influenced by two key bank characteristics: securitization and bank capital …We examine how bank competition in the run-up to the 2007-2009 crisis affects banks' systemic risk during the crisis …. Using a sample of the largest listed banks from 15 countries, we find that greater market power at the bank level and higher …

performance. Nevertheless, the effect of residential mortgage loans securitization on bank risk appeared to be negative after the … crisis, indicating that the securitization of this type of credit can reduce the bank risk in the detriment of a lower profit … their effects on the bank risk, liquidity and profitability before the crisis event and contributes to the recent scarce …