The value of being systemically important financial institution

Maria Luisa Di Battista, Laura Nieri, Paola Bongini

Risultato della ricerca: Contributo in libroChapter

Abstract

We investigate whether financial markets reacted to the regulatory change implied by the publication of the SIFIs list and the new rules designed to address the too-big-to fail problem of systemic banks. Using event study methodology applied to a sample of 70 of the world’s largest banks, we assess whether following the methodology used to identify SIFIs and their new capital requirements and the disclosure of the former list of 29 SIFIs stock prices of SIFIs reacted significantly and differently from those of other large banks, not deemed to be systemically important. Overall, we find that financial markets did not strongly react to the new regulation regarding SIFIs.
Lingua originaleEnglish
Titolo della pubblicazione ospiteLa banca commerciale territoriale nella crisi dei mercati
Pagine163-181
Numero di pagine19
Stato di pubblicazionePubblicato - 2012

Keywords

  • Systemic risk
  • event study
  • financial institutions
  • regulatory reforms

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