We use the results of the ECB's comprehensive assessment to evaluate the importance of the bank business model on risk assessment and the persuasive effectiveness of different supervisory styles on banks’ recapitalization. Our analysis reveals inconsistencies in the information content provided by the various regulatory measures used for assessing bank stability. Moreover, opposite to CET1 ratio, the leverage ratio provides assessments on business models more consistent with a market‐based measure of bank risk exposure and Z‐SCORE. Accounting for several control variables both at the bank and country level, we also find evidence that the effectiveness of the supervisory action depends on the specific type of supervisory model. In particular, countries adopting the hybrid model seem more effective in persuading banks to recapitalize preventively. Differently, countries adopting the integrated and the sectorial model seem less effective in their requests.

中文翻译：

---

银行业务模式和风险：欧洲央行全面评估的结果

我们使用欧洲央行的全面评估结果来评估银行业务模型对风险评估的重要性以及不同监管方式对银行资本重组的说服力。我们的分析显示，用于评估银行稳定性的各种监管措施所提供的信息内容不一致。此外，与CET1比率相反，杠杆比率可提供与基于市场的银行风险敞口和Z-SCORE度量更一致的业务模型评估。考虑到银行和国家两级的几个控制变量，我们还发现有证据表明监管行动的有效性取决于监管模型的特定类型。特别是，采取混合模式的国家在说服银行进行预防性注资方面似乎更为有效。不同的是，采用一体化和部门模式的国家在其要求方面似乎不太有效。