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Regulatory Cooperation on Cross-Border Banking – Progress and Challenges After the Crisis

Published online by Cambridge University Press:  01 January 2020

Thorsten Beck
Thorsten Beck*
Affiliation:
Professor of Banking and Finance, Cass Business School, City University, London and Research Fellow, CEPR
*
E-mail: Thorsten.Beck.1@city.ac.uk
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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.

Keywords

bank regulationbank resolutioncross-border bankingregulatory cooperationF28G21G28
Type
Research Articles
Information
National Institute Economic Review , Volume 235 , February 2016 , pp. R40 - R49
Copyright
Copyright © 2016 National Institute of Economic and Social Research

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Footnotes

This paper is based on previous work with several co-authors, including Michael Fuchs, Dorothe Singer, Wolf Wagner and Makaio Witte. I am grateful to two anonymous reviewers for their comments.

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