The European Banking Landscape After the Crisis
Rotterdam School of Management, Erasmus University; Erasmus Research Institute of Management (ERIM); Centre for Economic Policy Research (CEPR)
April 27, 2011
DSF Policy Paper No. 12
The financial crisis had a major impact on the banking landscape. As troubled banks were rescued by their home country, the question arises what happened to cross-border banking. Our findings indicate that cross-border banking remains strong within Europe; the Single Market in Banking is still in place. While aggregate figures indicate constant high levels of cross-border penetration within Europe, some individual banking markets have witnessed a major shift. With the demise of Fortis, cross-border penetration from EU countries fell back to 7 percent in the Netherlands. By contrast, cross-border penetration rose to 54 percent in Belgium. More broadly, American banks also kept their international orientation, while Asian-Pacific banks became even more domestically oriented.
Number of Pages in PDF File: 22
Keywords: European banking, cross-border, competition, financial supervision, financial stability
JEL Classification: G21, G28
Date posted: April 27, 2011
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