EBA research workshop: Banks' business models after the crisis: incentives, strategies, de-risking

• The European Banking Authority organised on 21 and 22 November a research workshop on "Banks' business models after the crisis: incentives, strategies, de-risking". This workshop brought together economists from national supervisory authorities and leading academics with the objective of stimulating the discussion on the impact of the crisis and the Basel 3 rules on EU banks.

Ahead of the workshop and to stimulate the debate, a call for research papers was sent to supervisory authorities and central banks. Following the authors' approval, some papers are published below.

The opinions expressed in these papers are those of the authors and do not necessarily reflect those of the European Banking Authority.
 

List of papers

 
Yiwei Fang, Bill Francis and Iftekhar Hasan: More than Connectedness—Heterogeneity of CEO Social Network and Firm Value

Session : Risk measurement
 

• Diana Bonfim and Moshe Kim: Liquidity risk in banking: is there herding?
• Saskia van Ewijk and Ivo Arnold: How bank business models drive interest margins: Evidence from U.S. bank-level data
• Sam Langfield, Zijun Liu and Tomohiro Ota: Mapping the UK interbank system
• Francesco Cannata and Simone Casellina: A comprehensive approach to banks' RWA: An application to Italian banks

Session : Business Cycles and Banking

• Yener Altunbas, Simone Manganelli and David Marques-Ibanez:Bank risk during the Great Recession: Do business models matter?
• Ugo Albertazzi and Margherita Bottero:The procyclicality of foreign bank lending: Evidence from the global financial crisis
• Thomas Conefrey, Trevor Fitzpatrick and Kieran McQuinn: Bank lending in a liberal credit market: Evidence from a small open economy
• Lea-Kathrin Heursen: Lesson learnt? Financial leverage, macroprudential regulation and financial stability

Session : Regulation

• Shekhar Aiyar, Charles W. Calomiris and Tomasz Wieladek: Does macro-pru leak? Evidence from a UK policy experiment
• Rym Ayadi, Emrah Arbak and Willem Pieter De Groen (with a contribution from David T. Llewellyn): Regulation of European banks and business models: Towards a new paradigm?
• Harald Hau, Sam Langfield and David Marques-Ibanez: Bank ratings: What determines their quality?

Session : The Financial Crisis and Shadow Banking 

• Enrico Perotti: The roots of shadow banking
• Glenn Schepens and Christoffer Kok: Bank reactions after capital shortfalls
• Claudia M. Buch, Katja Neugebauer and Christoph Schröder: Changing forces of gravity: How the crisis affected cross-border banking
• Giovanni di Iasio and Federico Pierobon: Shadow banking, sovereign risk and collective moral hazard