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Shadow Banking
Pozsar, Zoltan - 2014
The rapid growth of the market-based financial system since the mid-1980s has changed the nature of financial intermediation. Within the system, “shadow banks” have served a critical role, especially in the run-up to the recent financial crisis. Shadow banks are financial intermediaries that...
Persistent link: https://www.econbiz.de/10013060941
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The Aggregated Leverage Ratio and the Detection of Financial Vulnerability :Evidence from the United States and European Countries
Ondo-Ndong, Sonia; Rigot, Sandra - In: Brussels Economic Review 54 (2011) 1, pp. 5-20
The aim of this paper is to put forward a relevant indicator that could help supervisors to regulate the excessive use of leverage which gives rise to systemic risk. We suggest the aggregated leverage ratio named “Global Aggregated Leverage Ratio” (GALR), which encompasses the activity of...
Persistent link: https://www.econbiz.de/10009646113
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Shadow banking: Financial intermediation beyond banks
Jokivuolle, Esa (contributor) - 2018
Shadow banking is a broad concept. A possible definition is that it comprises non-bank institutions which undertake bank-like activities. Another characteristic is that the sector is overall less regulated. Therefore there are still shortcomings in systematic collection of information of the sector.
Persistent link: https://www.econbiz.de/10011985212
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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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Capital Relief : Synthetic Balance Sheet Securitisation of Switzerland's Systemically Important Global Banks
Koumbarakis, Antonios - 2018
In June 2016, the Basel Committee on Banking Supervision warned that capital relief transactions “can be complex, artificial and opaque” and reduce capital requirements. In this article, we analyse the structure of synthetic ‘balance sheet' securitisations, which have, inter alia, the...
Persistent link: https://www.econbiz.de/10012924742
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The systemic risk of corporate credit securitization revisited
Lojak, Benjamin; Theobald, Thomas - 2020
a securitization process. Against the background of increased corporate indebtedness, our interest is in quantifying … the U.S., where corporate credit securitization has been reintensified in recent years. Simulations deliver adverse medium …%. Securitization activities above this threshold lead to significant welfare losses from the medium-term onwards. Two transmission …
Persistent link: https://www.econbiz.de/10012224673
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The effects of securitization for managing banking risk using alternative tranching schemes
Cadenas, Pedro; Gzyl, Henryk - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-25
the cost of increasing systemic risk. Later, a follow-up study showed that a particular strategy of securitization with … tranches can help avoid this trade-off. We extend the theoretical work on securitization by considering all possible strategies … for securitization with two tranches, by finding their corresponding optimal diversification solutions, and by discussing …
Persistent link: https://www.econbiz.de/10013471496
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The value of a joint liability scheme : estimating group support for German Landesbanken
Käfer, Benjamin - 2015
This paper estimates the funding advantage afforded by the joint liability scheme to German Landesbanken. The advantage is estimated by computing the difference between Moody's baseline credit assessment (BCA), representing the stand-alone rating, and the adjusted BCA incorporating group support...
Persistent link: https://www.econbiz.de/10011302433
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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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The perennial challenge to abolish too-big-to-fail in banking : empirical evidence from the new international regulation dealing with global systemically important banks
Moenninghoff, Sebastian C.; Ongena, Steven; Wieandt, Axel - 2014
This paper provides evidence on how the new international regulation on Global Systemically Important Banks (G-SIBs) impacts the market value of large banks. We analyze the stock price reactions for the 300 largest banks from 52 countries across 12 relevant regulatory announcement and...
Persistent link: https://www.econbiz.de/10010412297