文档介绍：外文题目: Supervising cross-border banks in Europe
出处: Journal of Banking Regulation; Aug2008, Vol. 9 Issue 4, p227-246, 20p
作者: Aerdt Houbenn, Iskander Schrijvers and Tim Willems
原文:
Abstract
This paper investigates the institutional set-up of European banking supervision against the backdrop of the current structure of the European banking point of departure is that, in order to avoid incentive problems and white spots, the institutional structure of supervision should reflect the structure of the market under supervision. Based on different data for the largest entities, this paper seeks to determine the prime orientation of European banks: is it national,regional, pan-European or global? It is established that European banks are still primarily nationally oriented,that the number of internationally oriented banks is small and that global activities are almost as large as European ones. Moreover, these banks’ European activities are shown to be clustered, reflecting different regional orientations. In the absence of substantive pan-European banks, this differentiated market structure calls for a tailor-made approach to supervision in Europe. This suggests building on the model for consolidated supervision.
Introduction
European integration and broader globalisation have spurred cross-border mergers and acquisitions(M&As) in virtually all economic recently, this process was less prominent in the banking sector. Both the number and value of European cross-border M&As in the financial sector have, however, been on the rise of late, reflecting European banks’ strategic pursuit of diversification benefits and economies of scale and scope. Underlying factors have been liberalisation and deregulation, as well as progress in information development has fuelled a discussion on whether the current institutional set-up of prudential supervision in Europe is still suited to deal with the emerging economic reality of large cross-