even very low stigma costs induce large buffer usability constraints, i.e. when faced with losses banks will deleverage …

-based requirements within the prudential framework reduce buffer usability to around 65% to 74% of the overall combined buffer … requirement. When the resolution framework is also considered, buffer usability further declines to an average of 40% to 50 …%, depending on the analytical approach employed. Our simulations of buffer usability under different regulatory options discussed …

-based requirements within the prudential framework reduce buffer usability to around 65% to 74% of the overall combined buffer … requirement. When the resolution framework is also considered, buffer usability further declines to an average of 40% to 50 …%, depending on the analytical approach employed. Our simulations of buffer usability under different regulatory options discussed …

the first to quantify buffer usability in multiple jurisdictions and across various bank types, identify key drivers of … buffer usability and assess the impact of various policy measures using longer time series. The paper shows that while both … without breaching current leverage ratio requirements, which is in line with the approach to buffer usability taken in ESRB …

the first to quantify buffer usability in multiple jurisdictions and across various bank types, identify key drivers of … buffer usability and assess the impact of various policy measures using longer time series. The paper shows that while both … without breaching current leverage ratio requirements, which is in line with the approach to buffer usability taken in ESRB …