Reciprocity and the unification of the European banking market
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Reciprocity and the unification of the European banking market

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Published by Group of Thirty in New York, NY (277 Park Avenue, 10172) .
Written in English



  • European Economic Community countries.


  • Banks and banking -- European Economic Community countries.,
  • Banking law -- European Economic Community countries.

Book details:

Edition Notes

Cover title.

StatementDouglas Croham.
SeriesOccasional papers ;, 27, Occasional papers (Group of Thirty) ;, no. 27.
LC ClassificationsMLCM 92/11929 (D)
The Physical Object
Pagination17 p. ;
Number of Pages17
ID Numbers
Open LibraryOL1980688M
LC Control Number90225581

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Through an investigation of foreign bank behavior in economic crises, the developmental consequences of political control over banks and the emergence of European Banking Union in the Eurozone, the book advances three main findings. First is that foreign bank ownership need not necessarily lead to economic vulnerability of host by: 5. The European integration process has extended the right of foreigners to vote. Thus, European Union citizens were given voting rights in local elections by the Maastricht Treaty. Several member states (Belgium, Luxembourg, Lithuania, and Slovenia) have extended since then the right to vote to all foreign residents.   European Banking Authority (EBA): A regulatory body that works to maintain financial stability in the European Union’s (EU) banking industry. The European Banking Authority (EBA) was established. European Banking Federation aisbl Brussels / Avenue des A Brussels, Belgium / +32 2 / [email protected] Frankfurt / Weißfrauenstraße , Frankfurt, Germany EU Transparency Register / ID number: 1 EBF Response to EBA DP on FinTech 6 November

agency of the European Union set up to achieve a more integrated approach to banking supervision across the EU. Among its core tasks is the establishment of a sin-gle set of rules applicable to all banking institutions in the EU in the same manner, which is the basis for the creation of an EU single market in the banking sector.   The single market is a key element of a united Europe, and we also need a single European market for banks. This involves harmonising the rules for banks – wherever it makes sense. But we should not forget that the European banking sector is characterised by diversity, not least as a result of national specificities, because this diversity. Abstract. In most countries, banking is a heavily regulated industry. “ Indeed, banking is among the most heavily regulated of economic activities.” 1 And even after years of attempts in several countries to disencumber this industry from regulations that foster inefficiencies and, contrary to original intent, distort incentives for risk-taking, it remains highly by: Most of the ROE gap between US and European Banks is mainly driven by balance sheet cleaning, still happening in Europe. Source: Annual reports, Eurostat, World Bank, Roland Berger analysis. Top 20 European vs. Top 10 US banks P&L. 1) [] 1) Weighted average of Top 10 US and Top 20 Europe banks in terms of market capitalization.

The contributors examine eleven banking systems: Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Netherlands, Portugal, Spain and the United Kingdom. Thoroughly up-to-date and with a common thematic overview of major trends in European banking systems, this book covers key strategic developments, structural changes, performance.   In the banking sector, the European Banking Committee, which is the successor of the Banking Advisory Committee that I chaired before joining the ECB, will be responsible for maintaining a robust and flexible EU secondary legislation, which can be easily adapted to fast changing financial markets. The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) on specific reporting requirements for market risk. These ITS introduce the first elements of the Fundamental Review of the Trading Book (FRTB) into the EU prudential framework by means of a reporting requirement. The head of the European Union’s new banking authority has warned that he plans to use the “true power” of a single set of rules to impose more uniform oversight on banks.