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Regulatory Cooperation on Cross-Border Banking – Progress and Challenges After the Crisis.
- Source :
- National Institute Economic Review; Feb2016, Vol. 235, pR40-R49, 10p
- Publication Year :
- 2016
-
Abstract
- This paper surveys the recent academic literature on the economics of cross-border regulatory cooperation as well as recent policy developments in this area. While institutional arrangements of cross-border regulatory cooperation used to focus on day-to-day supervisory tasks, the crisis has given an impetus to a focus on cooperation at the bank resolution stage, with an array of different cooperation forms. A growing theoretical literature has documented different externalities arising from national supervision of cross-border banks, while empirical evidence has been relatively scarce. The paper concludes with a forward looking agenda both for policy reform and academic research in this area. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00279501
- Volume :
- 235
- Database :
- Complementary Index
- Journal :
- National Institute Economic Review
- Publication Type :
- Academic Journal
- Accession number :
- 112829001
- Full Text :
- https://doi.org/10.1177/002795011623500114