Resilience in the EU Banking Sector and Beyond

Lucia Alessi, Francesca E. Di Girolamo and Marco Petracco-Giudici
Authors registered in the RePEc Author Service: Marco Petracco Giudici

Chapter 9 in Banking Resilience and Global Financial Stability, 2024, pp 227-268 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This chapter reviews scientific work conducted in support of the policy-making processes of the European Commission in reforming the financial sector. It first discusses how the introduction of new prudential requirements, resolution, and supervision tools in the aftermath of the Global Financial Crisis has allowed for a considerable reduction in the risk of systemic crises. This chapter also discusses how further benefits could come from further harmonization of resolution and insolvency frameworks, as well as from the completion of the Banking Union, including the introduction of a European Deposit Insurance Scheme, and of a European Safe Asset. Finally, this chapter briefly overviews more recent research underpinning policy efforts to enhance financial resilience toward the risks linked to climate change and the green transition, as well as to the impacts of the digital transformation.

Keywords: Bank capital; Capital Buffers; Financial Stability; Macroprudential Regulation; Systemic Risks; Accounting Standards; Bank Stability; Financial Reporting; Local GAAP; IAS/IFRS; Lending Risk; Bank Capitalization; Bank Risk-Taking; Credit Risk; Asian Banks; Stability; Financial Development; Banking System; Growth; Regression; Human Resources; Trade: Population; Emerging Economies; Human Capital; Financial Stability; Intellectual Capital Efficiency; Human Capital Efficiency; Structural Capital Efficiency; Relational Capital Efficiency; Resources Based Theory; System Generalize Method of Moments; Competitive Environment; Islamic Banks; Asian Countries; Banking; Regulatory Capital; Bank Performance; Basel Accord; Profitability; Risk; Minimal Capital Requirements; Political Instability; Bank Supervision; 2SLS; Financial Institutions; Bank Holding Companies; Great Recession: FDIC; Financial Markets; Financial Crises; Economic Recessions; Heterogeneity; Systemic Risk; Dodd Frank; Foreign Exchange; Systemic Risk; Turkish Banking Sector; Volatility; Foreign Loans; Domestic Loans; Total Assets; Total Credits; Total Deposits; Interest Rates; Financial Crisis; Risk Management; Competency Development; Banks; Integrated; Resilience; Uncertainty; Pandemic; Risk; Actionable; Financial Stability; Systemic Risk; Crisis Management; Bank Recovery and Resolution; Capital Requirements; Climate Physical Risk; Climate Transition Risk; Digital Finance; Safety Net; Twin Transition; Market Illiquidity; Monetary Policy; Bank Lending Channel; Banks; Shocks; Loan Supply; OECD Countries; Financial Crisis; Interest Rates; Transmission Mechanism; European Monetary Union; European Central Bank; ECB Governing Council; Expansionary Monetary Policy; Trilemma; TARGET2-Balance; Inflation; Transmission Protection Instrument (TPI); ECB Anti-Fragmentation Instrument; Pandemic Emergency Purchase Program (PEPP); Credit-to-GDP Gap; Out-of-Sample Forecasts; Augmented Credit Gap; Countercyclical Capital Buffer; Credit Gap; Decision-making Process; Basel Gap; Forecasting Gaps; One-Sided Gap Series; Two-Sided Gap Series; Altman; Z-Score; Economic Distress; Kazakhstan; Banks; Emerging Market; Multiple Discriminant Analysis; Financial Health; Prediction Accuracy; Wilks' Approach; Direct Approach; Microfinance; Microfinance Institutions; Global Financial Crisis; Covid-19; Social Outreach; Financial Sustainability; Operational Self-Sufficiency; NGOs; Capital Structure; Legal Status; Liquidity Hoarding; Economic Policy Uncertainty; Qatari Banks; Islamic Banks; Endogeneity; Instrumental Variable Approach; Economic Blockade; Asset-Side Liquidity Hoarding; Liability-Side Liquidity Hoarding; Gulf Cooperation Council (search for similar items in EconPapers)
JEL-codes: G2 G21 G24 G28 (search for similar items in EconPapers)
Date: 2024
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