This paper examines how corporate governance reform of banks relates to systemic risk. Although there has been … the goal of financial stability. The first part of the paper differentiates between kinds of risk that arise from the … kinds of risk that arise from interactions at the systemic level. It highlights why the risk-taking of banks presents, in …

international subsidiary locations and risk of U.S. bank holding companies (BHCs). We find that U.S. BHCs are more likely to operate … risk and higher contribution to systemic risk. The quality of BHCs' internal controls and risk management play an important … role in these location choices and risk outcomes. Overall, our study suggests that U.S. banking organizations engage in …