In this paper we examine important recent regulatory changes that focus on G-SIBs, aiming to shed light on whether markets believe that being a G-SIB is good, a “blessing”, or bad, “a curse”. We analyse three events, one related to the designation of a bank as a G-SIB, and two to the...

Post-crisis reforms aim to mitigate the systemic risks that arise from global systemically important banks (G-SIBs). Based on our estimates of G-SIBs' probability of distress, we find that their resilience has improved in recent years on the back of higher capital ratios. Furthermore, by...

In this paper we investigate the issues of identification and capital regulation of global systemically important banks (G-SIBs). Both issues are fundamental for global financial stability. However, there are many open questions that remain on the political and academic agenda. We underline that...