This paper reviews the characteristics of the international incursions by banks since the early 1990s, examines the implications of the US subprime meltdown crisis and ensuing credit crunch for the pursuit of international banking activities, and provides a prospective view on how banks will...

In the aftermath of the financial crisis, governments and regulators intended to strengthen financial stability by changing the regulatory architecture of banking and financial markets. One of the issues widely discussed was the question of whether the universal banking model, i.e. the...