This paper reviews the progress in European banking integration over the last twenty years,
and evaluates the current system of banking supervision and deposit insurance based on …

We analyze the risk-taking incentives of a financial conglomerate that combines a bank and
a non-bank financial intermediary. The conglomerate's risk-taking incentives depend on the …

This paper examines national regulators' incentives to intervene in a multinational bank's
activities and the extent to which these incentives differ with the bank's foreign …

We identify different sources of risk as important determinants of banks' corporate structures
when expanding into new markets. Subsidiary‐based corporate structures benefit from …

This paper analyzes cooperation between sovereign national authorities in the supervision
and regulation of a multinational bank. We take a political economy approach to regulation …

We develop a simple model of banking regulation with two policy instruments: minimum
capital requirements and the supervision of domestic banks. The regulator faces a trade-off …

We study capital regulation of multinational banks (MBs). The MBs can set up either as one
legal unit facing limited liability jointly (branch structure) or as separate units, each subject to …

We analyse a model of financial intermediation in which intermediaries are subject to moral
hazard and they do not invest socially optimally, because they ignore the systemic costs of …

This paper analyzes the risk taking of branches and subsidiaries of international bank
holding institutions from the perspective of host country regulators in two Latin American …

In the past years, financial markets in the European Union (EU) have been under a profound
change. Most importantly, the enlargement of May 2004 brought ten new member countries …