special issue of the Review of Financial Studies dedicated to “The Value of Bank Capital and the Structure of the Banking … September 2006, which was jointly organized by the Federal Reserve Bank of New York, the Wharton Financial Institutions Center …

In this paper we study the intra-group transactions between the parent bank and its foreign subsidiaries in European … subsidiary banks were large by assets in some of the member states the related party transactions with the parent bank created a … subsidiaries. We suggest improvements in governance as well greater disclosure of related party transactions in bank holding …