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External Publication

Les banques européennes se retirent-elles de la scène internationale?

Dirk Schoenmaker conducts a comparative analysis of global systemically important banks (G-SIBs) and examines their evolution (Note: this paper is available only in French).

By: Date: May 23, 2017 Topic: Finance & Financial Regulation

This paper was published in Revue trimestrielle de l’association d’économie financière, no. 125
1st trimester 2017.

Note: This paper is available only in French.

As a result of the global financial crisis and the subsequent euro area crisis, it seems that European banks have been withdrawing from the international banking system. In addition, they seemed to have withdrawn from the investment banking market. Is this a correct assessment? In this paper, Dirk Schoenmaker conducts a comparative analysis and examines the evolution of global systemically important banks (G-SIBs).

The first part of the paper presents data on G-SIBs. Then the second part analyzes several aspects of these G-SIBs (size, cross-border activities and investment banking activities) before studying these different aspects country by country. The third part deals with the policy implications. The fourth part serves as a conclusion.

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By: Dirk Schoenmaker Topic: Finance & Financial Regulation Date: September 12, 2017
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Europe must seize this moment of opportunity

As the EU enjoys a period of growth and relative stability, there is finally room to undertake long-needed reforms. But it is vital to act soon, and priorities must be set. There are three pillars of reform for the coming months: completing a robust euro area; building a coherent EU foreign policy; and harnessing the single market’s potential to deliver strong and inclusive growth.

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As regulators rush to strengthen banking supervision and implement bank resolution regimes, a macro approach to resolution is needed that considers both the contagion effects of bail-in and the continuing need for a fiscal backstop to the financial system. This can be facilitated through the completion of a banking union in which the European Stability Mechanism (ESM) becomes the fiscal backstop to the euro-area banking system.

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This invitation-only event will feature a presentation by Thomas Philippon of a report on bail-ins and bank resolution in Europe. Failed financial firms should not be bailed out by the taxpayers. Europe, unfortunately, has a weak track record of following this principle of good governance and sound economic policy. The banking union, with its new […]

Speakers: Thomas Philippon Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 19, 2017
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External Publication

The Banking Union: An Overview and Open Issues

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By: Dirk Schoenmaker Topic: Finance & Financial Regulation Date: May 2, 2017
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Policy Contribution

Tackling Europe’s crisis legacy: a comprehensive strategy for bad loans and debt restructuring

Years after the start of the financial crisis, non-performing loans and private debt remain obstacles to the recovery of bank credit and investment.

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