The Rise of Regional Banking in Asia and the Pacific

16 Pages Posted: 18 Sep 2015

See all articles by Eli M. Remolona

Eli M. Remolona

Bank for International Settlements (BIS) - Monetary and Economic Department

Ilhyock Shim

Bank for International Settlements (BIS)

Date Written: September 13, 2015

Abstract

Cross-border banking activity within the Asia-Pacific region has intensified since the Great Financial Crisis of 2007−09. In the years leading up to the crisis, much of the cross-border activity in the region had been driven by dollar credit intermediated largely by European banks. In the wake of the crisis, this global intermediation lost much of its European leg. Banks from within the region stepped in and soon came to dominate cross-border activity. Adding impetus to the intraregional trend, the ASEAN member governments have adopted a regional banking integration framework. Mindful of the lessons of European banking integration, the banking authorities in the region are seeking to balance the efficiency gains of regional integration against the risks of financial instability.

JEL Classification: F34, F36, G21

Suggested Citation

Remolona, Eli M. and Shim, Ilhyock, The Rise of Regional Banking in Asia and the Pacific (September 13, 2015). BIS Quarterly Review September 2015, Available at SSRN: https://ssrn.com/abstract=2661612

Eli M. Remolona (Contact Author)

Bank for International Settlements (BIS) - Monetary and Economic Department ( email )

IFC 2 Bldg, 78/F
Central
Hong Kong
Hong Kong
+852 2982 7150 (Phone)
+852 2982 7123 (Fax)

Ilhyock Shim

Bank for International Settlements (BIS) ( email )

78F, Two International Finance Centre
8 Finance Street, Central
Hong Kong, n/a n/a
Hong Kong

HOME PAGE: http://www.bis.org/author/ilhyock_shim.htm

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