Explainable Graph Neural Networks for Interbank Contagion Surveillance: A Regulatory-Aligned Framework for the U.S. Banking Sector

Fuente: arXiv
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Autor principal: Uddin, Mohammad Nasir
Formato: Preprint
Publicado: 2026
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author Uddin, Mohammad Nasir
author_facet Uddin, Mohammad Nasir
contents The Spatial-Temporal Graph Attention Network (ST-GAT) framework was created to serve as an explainable GNN-based solution for detecting bank distress early warning signs and for conducting macro-prudential surveillance of the interbank system in the United States. The ST-GAT framework models 8,103 FDIC insured institutions across 58 quarterly snapshots (2010Q1-2024Q2). Bilateral exposures were reconstructed from publicly available FDIC Call Reports using maximum entropy estimation to produce a dynamic directed weighted graph. The framework achieves the highest AUPRC among all GNN architectures (0.939 +/- 0.010), trailing only XGBoost (0.944). Ablation analysis confirms the BiLSTM temporal component contributes +0.020 AUPRC; temporal attention weights exhibit a monotonically decreasing pattern consistent with long-run structural vulnerability weighting. Permutation importance identifies ROA (0.309) and NPL Ratio (0.252) as dominant predictors, consistent with post-mortem analyses of the 2023 regional banking crisis. All data are publicly available FDIC Call Reports and FRED series; all code and results are released.
format Preprint
id arxiv_https___arxiv_org_abs_2604_14232
institution arXiv
publishDate 2026
record_format arxiv
spellingShingle Explainable Graph Neural Networks for Interbank Contagion Surveillance: A Regulatory-Aligned Framework for the U.S. Banking Sector
Uddin, Mohammad Nasir
Machine Learning
Artificial Intelligence
The Spatial-Temporal Graph Attention Network (ST-GAT) framework was created to serve as an explainable GNN-based solution for detecting bank distress early warning signs and for conducting macro-prudential surveillance of the interbank system in the United States. The ST-GAT framework models 8,103 FDIC insured institutions across 58 quarterly snapshots (2010Q1-2024Q2). Bilateral exposures were reconstructed from publicly available FDIC Call Reports using maximum entropy estimation to produce a dynamic directed weighted graph. The framework achieves the highest AUPRC among all GNN architectures (0.939 +/- 0.010), trailing only XGBoost (0.944). Ablation analysis confirms the BiLSTM temporal component contributes +0.020 AUPRC; temporal attention weights exhibit a monotonically decreasing pattern consistent with long-run structural vulnerability weighting. Permutation importance identifies ROA (0.309) and NPL Ratio (0.252) as dominant predictors, consistent with post-mortem analyses of the 2023 regional banking crisis. All data are publicly available FDIC Call Reports and FRED series; all code and results are released.
title Explainable Graph Neural Networks for Interbank Contagion Surveillance: A Regulatory-Aligned Framework for the U.S. Banking Sector
topic Machine Learning
Artificial Intelligence
url https://arxiv.org/abs/2604.14232