Showing 1 - 10 of 12,602
Due to the international dimension of the financial sector within the EU and beyond, domestically oriented macroprudential policies have the potential to create material cross-border spillover effects. This occasional paper provides a detailed overview of the academic and empirical literature on...
Persistent link: https://www.econbiz.de/10012254361
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
We introduce an innovative approach to measure bank integration, based on the corporate culture of multinational … financial reports of global banks. We employ a two-step approach: as a first step, we investigate whether parent-bank or parent …-country characteristics are more important for bank integration. In a second step, we analyze whether bank integration affects the …
Persistent link: https://www.econbiz.de/10011698908
This occasional paper describes how the financial stability and macroprudential policy functions are organised at the ECB. Financial stability has been a key policy function of the ECB since its inception. Macroprudential policy tasks were later conferred on the ECB by the Single Supervisory...
Persistent link: https://www.econbiz.de/10012033308
The prolonged crisis exposed the vulnerability of a monetary union without a banking union. The Single Supervisory Mechanism (SSM), which started operating in November 2014, is an essential step towards restoring banks to health and rebuilding trust in the banking system. The ECB is today...
Persistent link: https://www.econbiz.de/10012132851
crisis have affected the conduct of monetary policy by the European Central Bank (ECB) within the Eurosystem, have led to the …
Persistent link: https://www.econbiz.de/10014077291
level, reducing the sovereign-bank doom loop. We focus primarily on developments affecting the banking sector, while noting … that during the same period major developments within the EU non-bank financial sector were observed. The COVID19 crisis … resilience and resolvability of the EU banking sector has enabled it to withstand the large and unexpected pandemic shock, while …
Persistent link: https://www.econbiz.de/10013368565
Persistent link: https://www.econbiz.de/10011944400
Which are the new frontiers in central banking? Which things have changed in the aftermath of the financial, economic and sovereign debt crisis? These are questions raised frequently by central bankers, academics and interested observers alike. There are quite a few areas to cover in answering...
Persistent link: https://www.econbiz.de/10011754571
Persistent link: https://www.econbiz.de/10013415807