{
  "title": "Euro-Area Banking At the Crossroads",
  "publication": "IMF Working Papers, March 1, 2001",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/30/euro-area-banking-at-the-crossroads-4013",
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  "summary": "This paper analyses the process of disintermediation, the progress in consolidation, the impact of new technologies, and the role of ownership and control structures for the euro area banking sector.",
  "sections": [
    {
      "heading": "Overview and Scope",
      "content": "- Authors: Agnes A Belaisch, Joaquim Vieira Ferreira Levy, Laura E. Kodres, Angel J. Ubide\n- Publication date: March 1, 2001\n- Series: Working Paper No. 2001/028\n- Issue: 028\n- Volume: 2001\n- Pages: 75\n- DOI: https://doi.org/10.5089/9781451844665.001\n- ISBN: 9781451844665\n- ISSN: 1018-5941\n- 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."
    },
    {
      "heading": "Key findings and analytical themes",
      "content": "- Disintermediation:\n  - The paper analyses the process of disintermediation affecting the euro area banking sector.\n- Consolidation:\n  - The paper evaluates the progress in consolidation within euro-area banking.\n- New technologies:\n  - The impact of new technologies, including Internet banking, is investigated.\n- Ownership and control structures:\n  - The role of ownership and control structures for the euro area banking sector is examined.\n- Competition policy, systemic risk, and stability:\n  - The impact of the identified trends on competition policy, \"too big to fail\" concerns, and financial stability is investigated."
    },
    {
      "heading": "Policy conclusions and recommendations",
      "content": "- Cross-border supervisory coordination:\n  - The paper endorses stronger cross-border coordination among supervisory authorities.\n- Supranational arrangements:\n  - The paper notes that more formal cross-border arrangements through supranational agencies seem, at this stage, premature.\n- Centralized market surveillance:\n  - 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."
    },
    {
      "heading": "Subject classifications and keywords",
      "content": "- Subjects: Bank credit; Banking; Commercial banks; Cooperative banks; Credit; Financial institutions; Loans; Money; National accounts; Personal income\n- 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\n\nIMF Working Papers — Euro-Area Banking At the Crossroads (Working Paper No. 2001/028), March 1, 2001.\n\n---\n\n Content in this bundle\n\n- Euro-Area Banking at the Crossroads - WP/01/28\n  - Euro-Area Banking at the Crossroads - WP/01/28 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Euro-Area Banking at the Crossroads - WP/01/28 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/euro-area-banking-at-the-crossroads-4013"
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    "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",
    "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.",
    "Disintermediation:",
    "Consolidation:",
    "New technologies:",
    "Ownership and control structures:",
    "Competition policy, systemic risk, and stability:",
    "Cross-border supervisory coordination:",
    "Supranational arrangements:",
    "Centralized market surveillance:",
    "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",
    "**Euro-Area Banking at the Crossroads - WP/01/28**"
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