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Before the financial crisis securitization was commonly considered an efficient way of replacing illiquid assets with liquid securities (ABS), in which the risk was supposed to be adequately compensated by the tranching techniques. However, with the emergence of the crisis investors became more...
Persistent link: https://www.econbiz.de/10010188000
market. We also show that there is a growing importance in the contagion channel from cyber security breaches to markets …
Persistent link: https://www.econbiz.de/10012964812
Political economy approaches to shadow banking should take into account interconnectedness. Rather than tracing … intensive nature of shadow banking generates two mechanisms of interconnectedness: the risk management framework and the re … banking because private leverage is born in, and can destabilize, government debt markets. Collateral-intensive finance thus …
Persistent link: https://www.econbiz.de/10013076055
2016 (unless the analysis requires a longer time span) and on the banking sectors that dominate financial systems in this … calls for continued efforts to promote the use of domestic currencies in the financial system. At the same time, banking … a period of heightened financial stress during 2018 and, while its banking system appears to have sufficient buffers to …
Persistent link: https://www.econbiz.de/10013315343
the further reduction and abolition of crossborder barriers impeding the entry into the markets of banking and insurance …
Persistent link: https://www.econbiz.de/10013136626
The project of creating a Banking Union is designed to overcome the fatal link between sovereigns and their banks in … the necessary third pillar of a successful Banking Union. This paper argues for an organizational and capital structure … reorganizing bank. On these conditions, a viable and realistic Banking Union would be within reach — and the resolution of global …
Persistent link: https://www.econbiz.de/10013062012
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 Banks. The conference focused on core aspects of banking reform …
Persistent link: https://www.econbiz.de/10011557140
This paper exploits a novel bank-level monthly dataset to assess the effects of global liquidity on the global flows of euro area banks. The period associated with the European sovereign debt crisis has witnessed increased growth in euro area bank claims on extra-euro area residents, against a...
Persistent link: https://www.econbiz.de/10011446311
financial supervision for the CMU. Therefore, the European Banking Union should cover all European Union members' systemic …
Persistent link: https://www.econbiz.de/10011292921
We analyze the impact of market liquidity on bank lending in the euro area for different segments over the period 2003 to 2016. Our results on the aggregate level show that market liquidity is positively related to loan volumes and negatively related to credit spreads. Particularly during the...
Persistent link: https://www.econbiz.de/10011897986