Book Reviews
Examines size, risk, and governance in European banking. Discusses bank systemic size and systemic crises; increasing in size and bank default risk—evidence from European bank mergers; the trends and composition of banking risk across Europe; the determinants of European bank exposure to systemic shocks; board monitoring, regulation, and performance in the European banking industry; executive pay and risk-taking in the European banking industry; systemic risk potential and opacity in European banks; and implications for the reregulation of European banking. Hagendorff is Martin Currie Professor in Finance and Investment at the University of Edinburgh. Keasey is Professor of Financial Services, Director of the International Institute of Banking and Financial Services, and Head of the Accounting and Finance Department at the University of Leeds. Vallascas is Associate Professor of Banking and Finance at the University of Leeds.