IDEAS home Printed from https://ideas.repec.org/p/ecl/upafin/15-10.html
   My bibliography  Save this paper

Corporate Structures, Transparency and Resolvability of Global Systemically Important Banks

Author

Listed:
  • Carmassi, Jacopo

    (University LUISS Guido Carli)

  • Herring, Richard J.

    (University of PA)

Abstract

Before the global 2008 financial crisis, most officials appeared not to have anticipated the problems that would need to be addressed if a large cross-border bank should need to be resolved. During and after the financial crisis, this issue surged to the top of the policy agenda. Events made clear that several institutions had become too big and too complex to fail: new rules were needed to make resolution of global banks possible, without cost to taxpayers or damaging spillovers to the economy. After the crisis, the G-20 gave the Financial Stability Board (FSB) a mandate to identify Global Systemically Important Banks (G-SIBs) and to ensure that each had a credible recovery and resolution plan. This study investigates the complexity of the 29 institutions that have been designated as G-SIBs in 2013.

Suggested Citation

  • Carmassi, Jacopo & Herring, Richard J., 2015. "Corporate Structures, Transparency and Resolvability of Global Systemically Important Banks," Working Papers 15-10, University of Pennsylvania, Wharton School, Weiss Center.
    • Handle: RePEc:ecl:upafin:15-10
    as

    Download full text from publisher

    File URL: http://fic.wharton.upenn.edu/fic/papers/15/p1510.html
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Aldasoro, Iñaki & Hardy, Bryan & Jager, Maximilian, 2022. "The Janus face of bank geographic complexity," Journal of Banking & Finance, Elsevier, vol. 134(C).
    2. Carmassi, Jacopo & Herring, Richard, 2016. "The Corporate Complexity of Global Systemically Important Banks," Working Papers 16-09, University of Pennsylvania, Wharton School, Weiss Center.
    3. Herring, Richard J., 2016. "Less Really Can Be More: Why Simplicity and Comparability Should be Regulatory Objectives," Working Papers 16-08, University of Pennsylvania, Wharton School, Weiss Center.
    4. Herring, Richard J., 2018. "The Evolving Complexity of Capital Regulation," Working Papers 18-01, University of Pennsylvania, Wharton School, Weiss Center.
    5. Nicola Cetorelli & Linda S. Goldberg, 2016. "Organizational complexity and balance sheet management in global banks," Staff Reports 772, Federal Reserve Bank of New York.
    6. Richard J. Herring, 2016. "Less Really Can be More: Why Simplicity & Comparability Should be Regulatory Objectives," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 44(1), pages 33-50, March.
    7. Luciano, Elisa & Wihlborg, Clas, 2018. "Financial synergies and systemic risk in the organization of bank affiliates," Journal of Banking & Finance, Elsevier, vol. 88(C), pages 208-224.
    8. Jacopo Carmassi & Richard Herring, 2016. "The Corporate Complexity of Global Systemically Important Banks," Journal of Financial Services Research, Springer;Western Finance Association, vol. 49(2), pages 175-201, June.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecl:upafin:15-10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/wcupaus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.