This paper proposes and evaluates several market-based measures for US and eurozone individual bank tail risk and … banking system risk. We apply statistical extreme value analysis to the tails of bank equity prices to estimate the likelihood … to global shocks ( extreme systematic risk). Moreover, the estimators presuppose that bank equity prices are heavy tailed …

and thought-provoking basis for action I have seen so far.' (Paul Achleitner, Chair of Supervisory Board Deutsche Bank AG … such disasters in the future.' (William C. Dudley, President of the Federal Reserve Bank of New York, US). -- 'Since 2008 … National Bank). -- 'Financial stability is necessary. To achieve this common target an on-going dialogue is required between …