... were not apparent on bank risk indicators 1 “In the tail (is) the poison” or “To save the worst for last”. Roman aphorism. 3ECBWorking Paper Series No 1394November 2011Abstract 4Non-technical ... Standards”, Review of Financial Studies 17, No. 4, pp. 1073-1102. Shin, H.S. (2009), “Securitisation and Financial Stability”, Economic Journal 119, No. 536, pp. 309-332. Shleifer, A. and Vishny ... “Diversification in Banking: Is Non-interest Income the Answer?”, Journal of Money, Credit, and Banking, 36, pp. 853-882. 4ECBWorking Paper Series No 1394November 2011Abstract We exploit...