This paper analyzes the systemic risk effects of bank mergers to test the “concentration-fragility” hypothesis. We use … the marginal expected shortfall as well as the lower tail dependence between a bank’s stock returns and a relevant bank …

In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a … particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a … outside the bank as depositors rushed to withdraw their deposits. There was always a fear that this could spark a systemic run …

presence of a chief risk officer (CRO) in a bank’s executive board and whether the CRO reports to the CEO or directly to the … board of directors, are associated with a better bank performance during the financial crisis of 2007/2008. We measure bank …

incentives, risk management models and procedures, conflicts of interest and bank strategies. Their perspectives are quite …

Diversified and focused business models may affect foreign bank efficiency differently in branches or subsidiaries. We … differences across groups. We further analyze the link between bank efficiency and bank-specific characteristics including … diversification measures. Using Luxembourg bank data that includes the financial crisis, we find there is no unique business model as …

undesired effects and distortions. Finally, we briefly review the recent evolution of bank lending to the private sector. We …