Download or read book Risk Governance at Board Level of European Banks written by Hans-Georg Beyer and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Proper Corporate Governance and specifically Risk Governance of banks at board level is key for a sound and robust banking sector, which based on the important function of banks as intermediaries is also relevant for the overall economy. According to supranational institutions as well as regulators weaknesses of these governance arrangements have supported the development and the size of the impact of the Financial Crisis in 2008. Therefore, regulatory changes with regard to this topic have been implemented in Europe. This study investigates the influence of Risk Governance at board level executed via the risk committee on the robustness of European banks through the economic cycle. Based on existing theories on Corporate Governance with focus on bank specifics, the current academic discussion, the regulatory environment as well as the opinion of experts an integrated framework of Risk Governance for banks, including the responsibilities and tasks of the Board of Directors, is developed. Using manually collected data of 157 European banks (EU28 and Switzerland) on 21 Risk Governance variables, relevant to board structures, processes and tools, a panel data analysis is performed for time period from 1999 to 2015 including. The presented dissertation is hence covering the three main financial crises of recent European history, i.e. the Dot.com Crisis, the Financial Crisis and the Eurozone Crisis. Based on this, the influence of the variables on the robustness of European banks, in form of 6 risk and performance variables, after controlling for bank and country specifics, is assessed. By applying Fixed and Random Effects estimators, multiple evidence for the influence of the variables on the robustness of banks is found. However, after using a dynamic systems GMM estimator and controlling, therefore, for further sources of endogeneity, evidence for the effectiveness of these measures and its influence on robustness of banks throug.