Authors: Gerard Caprio (Editor), George G. Kaufman (Editor), Douglas D. Evanoff
ISBN-13: 9789812568298, ISBN-10: 9812568298
Format: Hardcover
Publisher: World Scientific Publishing Company, Incorporated
Date Published: September 2006
Edition: (Non-applicable)
Book Synopsis
Cross-Border banking, while having the potential for a more efficient financial sector, also creates potential challenges for bank supervisors and regulators. It requires cooperation by regulatory authorities across jurisdictions and a clear delineation of authority and responsibility. That delineation is typically not present and regulatory authorities often have significantly different incentives to respond when cross-border-active banks encounter difficulties. Most of these issues have only begun to be seriously evaluated.
This volume, one of the first attempts to address these issues, brings together experts and regulators from different countries. The wide range of topics discussed include: the current landscape of cross-border bank activity, the resulting competitive implications, emerging challenges for prudential regulation, safety net concerns, failure resolution issues, and the potential future evolution of international banking.
Table of Contents
Acknowledgements v
Preface vii
Special Addresses
Cross-Border Banking: Forces Driving Change and Resulting Regulatory Challenges Michael H. Moskow 3
Cross-Border Banking and the Challenges Faced by Host Country Authorities Guillermo Ortiz 11
Remarks on Cross Border Banking: Regulatory Challenges Eugene A. Ludwig 21
Regulatory Challenges: The Road Ahead Nicholas Le Pan 29
Comments on Cross-Border Banking: Regulatory Challenges Howard Davies 39
Survey of the Current Landscape
European Banking Integration and the Societas Europaea: From Host-Country to Home-Country Control Jean Dermine 49
Risks in U.S. Bank International Exposures Nicola Cetorelli Linda S. Goldberg 65
Cross-Border Banking in Asia: Basel II and Other Prudential Issues Stefan Hohl Patrick McGuire Eli Remolona 87
Discussion of the Session "Survey of the Current Landscape" Philipp Hartmann 109
Competitive Implications
Why is Foreign Bank Penetration So Low in Developed Nations? Allen N. Berger 125
Competitive Implications of Cross-Border Banking Stijn Claessens 151
BankConcentration and Credit Volatility Alejandro Micco Ugo Panizza 183
Cross-Border Banking - Regulatory Challenges: Comments John H. Boyd 199
Prudential Regulation Issues
Home and Host Supervisors' Relations from a Host Supervisor's Perspective Piotr Bednarski Grzegorz Bielicki 211
Basel II Home Host Issues Patricia Jackson 231
Basel II and Home versus Host Regulation Giovanni Majnoni Andrew Powell 241
Comments on Jackson, Bielicki and Bednarski, and Majnoni and Powell Joao A. C. Santos 259
Market Discipline Issues
Confronting Divergent Interests in Cross-Country Regulatory Arrangements Edward J. Kane 265
Market Discipline Issues and Cross-Border Banking: A Nordic Perspective Thorvald Grung Moe 287
Cross-Border Banking, Market Discipline and the Ability to Stand Alone Juan Pablo Graf Pascual O'Dogherty 307
Market Discipline Issues Associated with Cross-Border Banking Douglas D. Evanoff 323
Safety Net Issues
Challenges for Deposit Insurance and Financial Stability in Cross-Border Banking Environments with Emphasis on the European Union Robert A. Eisenbeis George G. Kaufman 331
The Lender of Last Resort in the European Single Financial Market Garry J. Schinasi Pedro Gustavo Teixeira 349
Payment Systems and the Safety Net: The Role of Central Bank Money and Oversight Jeff Stehm 373
Designing a Bank Safety Net: Regulatory Challenges for Cross-Border Banking Asli Demirguc-Kunt 389
Insolvency Resolution Issues
Banking in a Changing World: Issues and Questions in the Resolution of Cross-Border Banks Michael Krimminger 401
Bank Insolvency Procedures as Foundation for Market Discipline Apanard Angkinand Clas Wihlborg 423
Policy Panel: Where to from Here?
Comments on Cross-Border Banking: Regulatory Challenges Cesare Calari 447
Where to from Here?: Comments Christine Cumming 453
Designing the Home-Host Relationship to Support in Good Times and Bad: Trans-Tasman Developments Adrian Orr 461
An Overview of Cross-Border Bank Policy Issues Eric Rosengren 465
Index 473
Subjects