Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/208332
Authors: 
Behn, Markus
Mangiante, Giacomo
Parisi, Laura
Wedow, Michael
Year of Publication: 
2019
Series/Report no.: 
ECB Working Paper No. 2298
Abstract: 
This paper illustrates that systemically important banks reduce a range of activities at year- end, leading to lower additional capital requirements in the form of G-SIB buffers. The effects are stronger for banks with higher incentives to reduce the indicators, and for banks with balance sheet structures that can more easily be adjusted. The observed reduction in activity may imply an overall underestimation of banks' systemic importance as well as a distortion in their relative ranking, with implications for banks' ability to absorb losses. Moreover, a reduction in the provision of certain services at year-end may adversely affect overall market functioning.
Subjects: 
bank regulation
window dressing
systemically important banks
JEL: 
G20
G21
G28
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-3560-9
Document Type: 
Working Paper

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