2026-06-08T03:08:02Zhttps://docta.ucm.es/rest/oai/request

oai:docta.ucm.es:20.500.14352/229002025-05-22T13:56:22Zcom_20.500.14352_14col_20.500.14352_17

00925njm 22002777a 4500 dc Echevarría Icaza, Victor author Sosvilla Rivero, Simón Javier author 2017 This paper shows that systemic banks are prone to increase their regulatory capital ratio through a decline in risk-weighted assets density and an intense use of lower level capital. The market access of systemic banks, and the fact that they were singled out for higher capital requirements seem to have biased them towards lower level capital, consistent with the theory that asymmetric information drives capital decisions. These effects are particularly strong for institutions that had a rather low level of capitalization at the start of the period and for those that exhibited a strong use of Additional Tier I capital before the regulatory changes. Strict capital composition requirements for firms with lower buffers would be an improvement. 2530-0849 https://hdl.handle.net/20.500.14352/22900 https://www.ucm.es/icei/working-papers https://www.ucm.es/icei/working-papers Systemic banks, capital composition and CoCo bonds issuance: The effects on bank risk