Jump to ContentJump to Main Navigation
Financial Regulation and SupervisionA post-crisis analysis$
Users without a subscription are not able to see the full content.

Eddy Wymeersch, Klaus J. Hopt, and Guido Ferrarini

Print publication date: 2012

Print ISBN-13: 9780199660902

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780199660902.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 23 October 2020

Nationally Fragmented Supervision over Multinational Banks as a Source of Global Systemic Risk

Nationally Fragmented Supervision over Multinational Banks as a Source of Global Systemic Risk

A Critical Analysis of Recent EU Reforms

Chapter:
(p.193) 8 Nationally Fragmented Supervision over Multinational Banks as a Source of Global Systemic Risk
Source:
Financial Regulation and Supervision
Author(s):

Guido Ferrarini

Filippo Chiodini

Publisher:
Oxford University Press
DOI:10.1093/acprof:osobl/9780199660902.003.0008

This chapter gives a critical analysis of recent EU reforms and describes the possible global risks of nationally fragmented supervision over multinational banks. It shows the limits of supervisory cooperation over multinational banking groups and explains the reasons for centralising supervision and crisis management. It assesses the newly established European supervisory framework for cross-border supervision and crisis management; and the agency costs of delegation and those of cooperation and coordination. It argues that similar mechanisms may prove to be ineffective in crisis situations and that crisis management is still fragmented along national borders. In addition, it proposes European central supervision and crisis management to fill the gap of centralised supervision of multinational banks.

Keywords:   EU reforms, global risks, multinational banks, European supervisory framework, crisis management, centralised supervision

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .