2026-06-08T12:22:31Zhttps://docta.ucm.es/rest/oai/requestoai:docta.ucm.es:20.500.14352/229002025-05-22T13:56:22Zcom_20.500.14352_14col_20.500.14352_17
Docta Complutense
author
Echevarría Icaza, Victor
author
Sosvilla Rivero, Simón Javier
2023-06-18T05:38:24Z
2023-06-18T05:38:24Z
2017
2530-0849
https://hdl.handle.net/20.500.14352/22900
https://www.ucm.es/icei/working-papers
https://www.ucm.es/icei/working-papers
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.
eng
Atribución-NoComercial 3.0 España
Systemic banks, capital composition and CoCo bonds issuance: The effects on bank risk
technical report
URL
https://docta.ucm.es/bitstreams/359758f5-cb2a-4c36-97d8-2a9b6f38a262/download
File
MD5
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application/pdf
WP06-17.pdf
URL
https://docta.ucm.es/bitstreams/50737099-4d2d-4dff-a2b9-2d0f0f8cb9bc/download
File
MD5
92933ab01bfe7e8afaebf6a0d145e4bf
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text/plain
WP06-17.pdf.txt