Euro-Area Banking At the Crossroads

IMF Working Papers, March 1, 2001

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Euro-Area Banking At the Crossroads

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Bibliographic details

• Authors: Agnes A Belaisch, Joaquim Vieira Ferreira Levy, Laura E. Kodres, Angel J. Ubide
• Published: March 1, 2001
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781451844665.001

Overview and Scope

• Authors: Agnes A Belaisch, Joaquim Vieira Ferreira Levy, Laura E. Kodres, Angel J. Ubide
• Publication date: March 1, 2001
• Series: Working Paper No. 2001/028
• Issue: 028
• Volume: 2001
• Pages: 75
• DOI: https://doi.org/10.5089/9781451844665.001
• ISBN: 9781451844665
• ISSN: 1018-5941
• Summary focus: analysis of disintermediation, consolidation, new technologies, and ownership and control structures in the euro area banking sector; assessment of impacts on competition policy, "too big to fail" concerns, and financial stability.

Key findings and analytical themes

• Disintermediation:
  • The paper analyses the process of disintermediation affecting the euro area banking sector.
• Consolidation:
  • The paper evaluates the progress in consolidation within euro-area banking.
• New technologies:
  • The impact of new technologies, including Internet banking, is investigated.
• Ownership and control structures:
  • The role of ownership and control structures for the euro area banking sector is examined.
• Competition policy, systemic risk, and stability:
  • The impact of the identified trends on competition policy, "too big to fail" concerns, and financial stability is investigated.

Policy conclusions and recommendations

• Cross-border supervisory coordination:
  • The paper endorses stronger cross-border coordination among supervisory authorities.
• Supranational arrangements:
  • The paper notes that more formal cross-border arrangements through supranational agencies seem, at this stage, premature.
• Centralized market surveillance:
  • The paper recommends increased capacity to perform centralized market surveillance, built on domestic supervisory information, to ensure the efficiency and stability of euro-area financial markets.

Subject classifications and keywords

• Subjects: Bank credit; Banking; Commercial banks; Cooperative banks; Credit; Financial institutions; Loans; Money; National accounts; Personal income
• Keywords: Banking mergers; banking supervision; BNP Paribas; capital market; central bank; Commercial banks; Cooperative banks; Credit; Crédit Agricole; Eastern Europe; Europe; Global; Internet banking; Loans; market share; monetary union; Personal income; Société Générale; too big too fail; WP

IMF Working Papers — Euro-Area Banking At the Crossroads (Working Paper No. 2001/028), March 1, 2001.

Content in this bundle

• Euro-Area Banking at the Crossroads - WP/01/28
  • Euro-Area Banking at the Crossroads - WP/01/28 (Markdown version)
  • Euro-Area Banking at the Crossroads - WP/01/28 (PDF)