Statement for the publication of the paper “The Origin of Financial Instability and Systemic Risk: Do Bank Business Models Matter?”, by the Journal of Financial Stability on March 2025.

The paper was co-authored by EMEA President Prof. Rym Ayadi, Professor at Bayes Business School, City University of London, and CEPS Senior Advisor; Prof. Barbara Casu, Professor of Banking and Finance & Director of the Centre for Banking Research at Bayes Business School, City University of London, and EMEA Advisor; Dr. Doriana Cucinelli, Associate Professor of Financial Intermediaries at the University of Parma, Italy, and EMEA Research Fellow; and Prof. Paola Bongini, Professor of Banking and Finance at the Università degli Studi di Milano-Bicocca, and member of the EMEA Expert Panel.

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It should be noted that Prof. Rym Ayadi served as the Chair of the European Banking Authority (EBA) Banking Stakeholders Group (BSG) of which she acted as elected Chair from February 2019 to July 2024. Please see "The EBA publishes the End of Term of Office report of the EBA Banking Stakeholder Group Chaired by Prof Rym Ayadi"