---
title: Out with the new, in with the old? Supranational bank supervision and the composition of firm investment
url: https://www.ml-quant.com/papers/repec/ecb-ecbwps-20263286/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-23
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:ecb:ecbwps:20263286
source_url: https://econpapers.repec.org/RePEc:ecb:ecbwps:20263286
featured: 2026-10-23
citations: unknown
topic: Risk, Credit & Banking
---


# Out with the new, in with the old? Supranational bank supervision and the composition of firm investment

European single supervisory mechanism adoption caused firms to reduce intangible asset shares due to tighter lending and higher collateral standards, especially for small firms.

- Source: https://econpapers.repec.org/RePEc:ecb:ecbwps:20263286
- Identifier: RePEc:ecb:ecbwps:20263286
- Released: 2026-10-10
- First featured: Quant Letter No. 136 (2026-10-23): https://www.ml-quant.com/issues/2026-10-23/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Risk, Credit & Banking
- Authors: Ampudia, Miguel, Beck, Thorsten, Popov, Alexander

## Related

- [Asset Prices, Collateral and Bank Lending: The Case of COVID-19 and Real Estate](https://www.ml-quant.com/papers/ssrn/4470421/): The paper investigates the euro area's banking system's role in transmitting asset price shocks to credit during the Covid-19 crisis, highlighting significant frictions and a decrease in lending related to real estate collateral.
- [Financial Fragilities and Risk-taking of Corporate Bond Funds in the Aftermath of Central Bank Policy Interventions](https://www.ml-quant.com/papers/ssrn/4463970/): It finds that central bank asset purchases during the pandemic led corporate bond fund managers to take more risks, affecting market stability.
- [Financial Instruments for Decarbonization: Likely Pathways for the Romanian Economy](https://www.ml-quant.com/papers/ssrn/4440511/): The study highlights key financial tools in Romania, like green bonds and loans, which can help transition to a low-carbon economy, with banks playing a major role.
- [Centered‐Innovation MA for Bayesian Dirichlet ARMA: Theoretical Equivalence and an Application to Bank‐Asset Shares](https://www.ml-quant.com/papers/arxiv/2510.18903/): We remove bias in Dirichlet compositional time series by centering MA innovations using digamma adjustments, yielding unbiased MA terms, better forecasts, and cleaner MCMC diagnostics.
- [Optimal regulation and investment incentives in financial networks](https://www.ml-quant.com/papers/arxiv/2506.16648/): The research suggests financial regulation should be based on a firm's financial centrality and investment opportunities, and sometimes it's beneficial to limit one core bank's investments while allowing another to invest freely.
- [Failing Banks](https://www.ml-quant.com/papers/arxiv/2506.06082/): A study reveals that US bank failures from 1863 to 2024 are mainly due to worsening bank fundamentals like increasing asset losses and reliance on costly noncore funding.