Euro-Area Banking at the Crossroads
75 Pages Posted: 29 Jan 2006
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Euro-Area Banking at the Crossroads
Euro-Area Banking at the Crossroads
Date Written: March 2001
Abstract
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.
Keywords: Banking mergers, too big too fail, banking supervision
JEL Classification: G21, G28, G34
Suggested Citation: Suggested Citation
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