Regulation of Multinational Banks: A Theoretical Inquiry
Copyright policy )Regulation of Multinational Banks: A Theoretical Inquiry
Abstract This paper examines national regulators’ incentives to intervene in a multinational bank’s activities and the extent to which these incentives differ with the bank’s foreign representation choice (branch or subsidiary). Shared liability leads to higher incentives for intervention than legal separation. Cross-border deposit insurance, on the other hand, yields less intervention than when regulators compensate local depositors only. Based on these results, we derive implications for multinational banks’ and regulators’ preference on foreign expansion and representation.
- European University Institute Italy
- Alma Mater Studiorum University of Bologna Italy
- University of Vienna Austria
- Center for Economic and Policy Research United States
G28, 502009 Corporate finance, MULTINATIONAL BANKS; PRUDENTIAL REGULATION; REPRESENTATION FORM; SUBSIDIARY, BRANCH, Subsidiary, Branch, multinational banks, Prudential Regulation, Representation Form, Subsidiary, Representation Form, 502009 Finanzwirtschaft, CMI, Prudential Regulation, L51, PRUDENTIAL REGULATION; MULTINATIONAL BANKS; REPRESENTATION FORM; SUBSIDIARY; BRANCH, Branch, Bankenregulierung, ddc:330, Bankenaufsicht, FiWi, multinational banks, Internationale Bank, branch; multinational banks; prudential regulation; representation form; subsidiary, Cat1, G21, F23, Theorie, jel: jel:G21, jel: jel:F23, jel: jel:G28, jel: jel:L51
G28, 502009 Corporate finance, MULTINATIONAL BANKS; PRUDENTIAL REGULATION; REPRESENTATION FORM; SUBSIDIARY, BRANCH, Subsidiary, Branch, multinational banks, Prudential Regulation, Representation Form, Subsidiary, Representation Form, 502009 Finanzwirtschaft, CMI, Prudential Regulation, L51, PRUDENTIAL REGULATION; MULTINATIONAL BANKS; REPRESENTATION FORM; SUBSIDIARY; BRANCH, Branch, Bankenregulierung, ddc:330, Bankenaufsicht, FiWi, multinational banks, Internationale Bank, branch; multinational banks; prudential regulation; representation form; subsidiary, Cat1, G21, F23, Theorie, jel: jel:G21, jel: jel:F23, jel: jel:G28, jel: jel:L51
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).51 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 10% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Top 10% impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Top 10%
Citations provided by BIP!Popularity provided by BIP!