In Europe, the financial stability mandate generally rests at the national level. But there is an important exception …. Since the establishment of the Banking Union in 2014, the European Central Bank (ECB) can impose stricter regulations than … bank's contribution to systemic risk (SRISK) at the national and the euro-area level. Our research delivers three main …

forfeited if the bank does not meet its capital requirements. This memo underscores the benefits of contingent deferred …

Brunnermeier (2011) based on the CoVaR and find that size is a predictor of a bank contribution to systemic risk, but it is not the …

We find that the level of bank herding in real estate loans during boom period is substantially higher than the level … of bank herding in commercial and industrial loans or consumer loans. More importantly, we find that bank herding … find bank herding interacts with boom period to provide a stronger predictive power of systemic risk to next period beyond …

. By revaluating the fair valued balance sheets on a daily basis, we calculate bank capital maximum drawdowns for different …