Buch, Claudia M.; Krause, Thomas; Tonzer, Lena - 2021
. Since the establishment of the Banking Union in 2014, the European Central Bank (ECB) can impose stricter regulations than … the national regulator. The precondition is that the ECB identifies systemic risks which are not adequately addressed by … when applying a national versus a European perspective. We use market data for 80 listed euro-area banks to measure each …