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How do mega-bank merger policy and regulations contribute to financial stability? Evidence from Australia and Canada

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  • Caner Bakir

Abstract

Although the role of financial regulatory failures in the global financial crisis (GFC) has been explored extensively in the post-GFC literature, our knowledge of the role of bank merger and takeover policy and regulation in reinforcing financial stability is limited. Based on an exploratory case study of Australia, which is examined in comparison to Canada, this article argues that competition policy and regulation contributed to financial stability by insulating the largest Australian and Canadian banks from domestic or foreign hostile takeover threats, and by limiting their asset size, and thus their internationalization and interconnections with the global banking community.

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  • Caner Bakir, 2019. "How do mega-bank merger policy and regulations contribute to financial stability? Evidence from Australia and Canada," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 22(1), pages 1-15, January.
    • Handle: RePEc:taf:jecprf:v:22:y:2019:i:1:p:1-15
    DOI: 10.1080/17487870.2017.1307112
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    Cited by:

    1. Coban, Mehmet Kerem, 2019. "Compliance forces, domestic policy process, and international regulatory standards: Compliance with Basel III," OSF Preprints x32nw, Center for Open Science.

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