References (77)


Citations (9)



The Case for a European Banking Charter

Jörg Decressin

International Monetary Fund (IMF)

Martin Čihák

International Monetary Fund (IMF)

July 2007

IMF Working Paper No. 07/173

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

Open PDF in Browser Download This Paper

Date posted: August 23, 2007  

Suggested Citation

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

Contact Information

Jorg W. Decressin
International Monetary Fund (IMF) ( email )
700 19th Street NW
Washington, DC 20431
United States
Martin Cihak (Contact Author)
International Monetary Fund (IMF) ( email )
700 19th Street N.W.
Washington, DC 20431
United States
Feedback to SSRN

Paper statistics
Abstract Views: 1,924
Downloads: 271
Download Rank: 84,449
References:  77
Citations:  9