Neil Komesar's work has transformed our understanding of how institutional analysis should be done. There is one very surprising omission from the breathtaking range of Komesar's oeuvre, however: he has never directly applied his framework to crises. My aim in this Article is to advance, at...

We study the legal provisions of 92 European systemic banks from 18 countries over the years 2008-2017. Since legal provisions may be viewed as a mechanism for disclosing information to capital markets, the creation of legal provisions is determined by the risk taken by the bank and the...