Euro-Area Banking At the Crossroads

By Agnes A Belaisch, Joaquim Vieira Ferreira Levy, Laura E. Kodres, Angel J. Ubide

March 1, 2001

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Agnes A Belaisch, Joaquim Vieira Ferreira Levy, Laura E. Kodres, and Angel J. Ubide Euro-Area Banking At the Crossroads, (USA: International Monetary Fund, 2001) accessed December 22, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper analyses the process of disintermediation, the progress in consolidation, the impact of new technologies, and the role of ownership and control structures for the euro area banking sector. The impact of these trends on competition policy, "too big to fail" concerns, and financial stability is investigated. In this setting, the paper endorses stronger cross-border coordination among supervisory authorities but notes that more formal cross-border arrangements through supranational agencies seem, at this stage, premature. However, an increased capacity to perform centralized market surveillance, building on domestic supervisory information, is needed to ensure the efficiency and stability of euro-area financial markets.

Subject: Bank credit, Banking, Commercial banks, Cooperative banks, Credit, Financial institutions, Loans, Money, National accounts, Personal income

Keywords: Banking mergers, Banking supervision, BNP Paribas, Capital market, Central bank, Commercial banks, Cooperative banks, Credit, Crédit Agricole, Eastern Europe, Europe, Global, Internet banking, Loans, Market share, Monetary union, Personal income, Société Générale, Too big too fail, WP

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2001/028
Stock No:

WPIEA0282001
ISBN:

9781451844665
ISSN:

1018-5941

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