The main aim of SEPA (Single European Payment Area) is to promote financial integration in Europe, more particularly in the field of cashless payment services and payment systems. It is intended to enable all economic players (businesses, consumers and public authorities) to effect payments...

Accurate measurement of bank risk is a matter of considerable importance for bank regulation and supervision. Current practices in most countries emphasize reliance on financial statement data for assessing banks’ risk. However, the possibility of increased reliance on market-based risk...

The paper examines the relationship between banking and securities activities in the light of financial market developments (securitisation, institutionalization of investment, emergence of complex financial instruments, conglomeration and consolidation), with particular reference to Europe. The...

The paper examines the relationship between banking and securities activities in the light of financial market developments (securitisation, institutionalization of investment, emergence of complex financial instruments, conglomeration and consolidation), with particular reference to Europe. The...

The paper examines the relationship between banking and securities activities in the light of financial market developments (securitisation, institutionalization of investment, emergence of complex financial instruments, conglomeration and consolidation), with particular reference to Europe. The...

E cikk az új, feltehetően 2007-ben életbe lépő Bázel II. tőkeegyezményben a hitelkockázatok számszerűsítésére alkalmazott közgazdasági modellt és annak matematikai hátterét mutatja be. A modell olyan leegyszerűsítő feltevéseket használ a csődfolyamatok modellezésére...

We examine the relevance and effectiveness of stock return correlations among financial institutions as an indicator of systemic risk. By analyzing the trends and fluctuations of daily stock return correlations and default correlations among the 22 largest bank holding companies and investment...

In this study, relationship between non-interest income generating activities (income diversification) and risk-adjusted bank performance is investigated by using yearly data of Turkish deposit banks for the period of 2005 – 2011. System Generalized Method of Moments (System-GMM) estimators...

The self-regulatory nature of the SEPA has not in itself been sufficient to achieve a swift transition to the European credit transfers and direct debits. It is for this reason that the European authorities have taken the initiative to pass legislation governing the migration to the Single Euro...

The money market rates in the United States exhibit various calendar patterns that are grounded in institutional and regulatory factors. In this paper, we document a new regularity in the overnight fed funds market. Specifically, we identify patterns of decreased volatility along with consistent...