By 2014, there was significant variation across the global economy in the levels of domestic and foreign bank ownership among states. While major emerging and most advanced countries continued to protect domestic control over the bulk of their banking assets, a number of developing and...

Very high levels of foreign bank ownership in central and eastern Europe (CEE) gave rise to fears that the region would be vulnerable to 'cutting and running' during a financial crisis, whereby western parent banks would repatriate capital and liquidity to their home markets and abandon their...