, liquidity management, and synergy improvements that reduce risk. The outcomes of such trade-offs may depend on bank governance … this type of complexity, leading to a decrease in systemic risk and an increase in liquidity risk among BHCs. While bank …Bank holding companies (BHCs) can be complex organizations, conducting multiple lines of business through many distinct …

detailed, specific, and data-driven rules that clearly delineate firms or activities that do, or do not, pose systemic risk …

, regulation and supervision cannot achieve zero failure regimes. Banks fail like any other commercial entities, and will continue … 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 …

-2007), crisis (2008-2010), post-crisis (2011-2013) and normalcy (2014-2016). We find that risk metrics such as leverage and … premature to conclude that 'Too Big to Fail" has been solved, but macro-prudential regulation is now much more effective and …

financial institutions (SIFIs). The purpose of this paper is to review the recent literature on systemic risk and evaluate the … regulation proposals in the Basel III framework with respect to this literature. A number of shortcomings in the current … framework are analyzed and three measures for future reform are proposed: counter-cyclical risk-weights, dynamic asset value …

This is a chapter for a forthcoming volume Oxford Handbook of Financial Regulation (Oxford University Press 2014) (eds …. Eilís Ferran, Niamh Moloney, and Jennifer Payne). It provides an overview of EU financial regulation from the first banking … the accommodation of cross-border capital flows and their regulation necessarily require an orchestration of the …

at the expense of taxpayers: the merger-bailout has increased Switzerland’s sovereign credit risk, resulting in an …

of systemic risk measurement and regulation. The thesis is informed by what I consider two key lessons from the recent …The working hypothesis of international financial regulation is that it should be globally harmonized. This paper … global financial crisis. The first lesson is that, when business strategies that internationally-harmonized regulation …

This paper contributes to the debate on the adequate regulatory treatment of non-bank financial intermediation (NBFI … proverbial race between hare and hedgehog in financial regulation and demonstrate how such an approach can be implemented in … practice. We first show that regulators should primarily analyse the allocation of tail risk inherent in NBFI. Our paper …