Abstract

http://ssrn.com/abstract=1007922
 
 

References (77)



 
 

Citations (9)



 


 



The Case for a European Banking Charter


Jörg Decressin


International Monetary Fund (IMF)

Martin Cihák


World Bank

July 2007

IMF Working Paper No. 07/173

Abstract:     
Most financial institutions in the European Union (EU) are still based in one country, but a number of large financial institutions (LCFI) have systemic cross-border exposures. The paper explains how, despite much progress, nationally-segmented supervisory frameworks and national accountability for financial stability hinder optimization across borders of banks' operations and efficient and effective LCFI supervision. A full-fledged EU-level prudential regime that operates along-side national regimes -- a European Banking Charter (EBC) -- could harness market forces to establish a level playing field for financial sector competition, while plugging some significant gaps in Europe's financial stability framework without concentrating excessive powers.

Number of Pages in PDF File: 36

Keywords: Working Paper, Banking, Europe, Financial systems, European Union, Financial stability

working papers series


Download This Paper

Date posted: August 23, 2007  

Suggested Citation

Decressin, Jörg and Cihák, Martin, The Case for a European Banking Charter (July 2007). IMF Working Papers, Vol. , pp. 1-34, 2007. Available at SSRN: http://ssrn.com/abstract=1007922

Contact Information

Jorg W. Decressin
International Monetary Fund (IMF) ( email )
700 19th Street NW
Washington, DC 20431
United States
Martin Cihák (Contact Author)
World Bank ( email )
1818 H Street, NW
Washington, DC 20433
United States
Feedback to SSRN


Paper statistics
Abstract Views: 1,755
Downloads: 265
Download Rank: 65,892
References:  77
Citations:  9

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo6 in 0.328 seconds