This paper studies the systemic risk contribution of a set of large publicly traded European banks. Over a sample covering the last twenty years and three di!erent crises, we "nd that all banks in our sample signi"cantly contribute to systemic risk. Moreover, larger banks and banks with a...

European financial regulation and supervision have undergone tremendous changes over the last years. The current institutional arrangements adopted in Europe, at both EU/eurozone and national level, are the results of an evolutionary process that was mainly driven in its recent phases by the...