Euro-Area Banking At the Crossroads
Electronic Access:
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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.
Series:
Working Paper No. 2001/028
Subject:
Bank credit Banking Commercial banks Cooperative banks Credit Financial institutions Loans Money National accounts Personal income
English
Publication Date:
March 1, 2001
ISBN/ISSN:
9781451844665/1018-5941
Stock No:
WPIEA0282001
Pages:
75
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