taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …

In 2005, the President of the Bank of Italy blocked the cross-border acquisition of two Italian banks for ‘prudential … strength of the supervisory review process of bank M&A. The main source of information to construct these indices is a …