The European Banking Landscape After the Crisis

DSF Policy Paper No. 12

22 Pages Posted: 27 Apr 2011  

Dirk Schoenmaker

Rotterdam School of Management, Erasmus University; Erasmus Research Institute of Management (ERIM); Centre for Economic Policy Research (CEPR)

Date Written: April 27, 2011

Abstract

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.

Keywords: European banking, cross-border, competition, financial supervision, financial stability

JEL Classification: G21, G28

Suggested Citation

Schoenmaker, Dirk, The European Banking Landscape After the Crisis (April 27, 2011). DSF Policy Paper No. 12. Available at SSRN: https://ssrn.com/abstract=1824307 or http://dx.doi.org/10.2139/ssrn.1824307

Dirk Schoenmaker (Contact Author)

Rotterdam School of Management, Erasmus University ( email )

P.O. Box 1738
Room T08-21
3000 DR Rotterdam
Netherlands

HOME PAGE: http://www.rsm.nl/people/dirk-schoenmaker/

Erasmus Research Institute of Management (ERIM) ( email )

P.O. Box 1738
3000 DR Rotterdam
Netherlands

Centre for Economic Policy Research (CEPR) ( email )

77 Bastwick Street
London, EC1V 3PZ
United Kingdom

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