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Multinational Banks and Supranational Supervision

Author

Listed:
  • Giacomo Calzolari

    (European University Institute - Department of Economics)

  • Gyongyi Loranth

    (University of Vienna [Vienna])

Abstract

We study the supervision of multinational banks (MNBs), allowing for either national or supranational supervision. National supervision leads to insufficient monitoring of MNBs due to a coordination problem between supervisors. Supranational supervision can solve this problem and increase monitoring. However, this change has the unintended consequence of affecting the MNB's choice of foreign representation. MNBs may expand abroad using branches rather than subsidiaries, or abandon foreign expansion altogether. These changes completely neutralize the more intense monitoring that would otherwise occur with supranational supervision. Our paper provides insight into how the national boundaries of bank supervision interact with multinational banks.

Suggested Citation

  • Giacomo Calzolari & Gyongyi Loranth, 2016. "Multinational Banks and Supranational Supervision," Working Papers hal-01993365, HAL.
  • Handle: RePEc:hal:wpaper:hal-01993365
    Note: View the original document on HAL open archive server: https://hal-hec.archives-ouvertes.fr/hal-01993365
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    Cited by:

    1. repec:spr:series:v:9:y:2018:i:1:d:10.1007_s13209-017-0171-z is not listed on IDEAS
    2. Rafael Repullo, 2018. "Hierarchical bank supervision," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 9(1), pages 1-26, March.
    3. repec:eee:jimfin:v:91:y:2019:i:c:p:160-176 is not listed on IDEAS
    4. repec:taf:jpolrf:v:21:y:2018:i:4:p:319-334 is not listed on IDEAS
    5. Segura, Anatoli & Vicente, Sergio, 2018. "Bank resolution and public backstop in an asymmetric banking union," ESRB Working Paper Series 83, European Systemic Risk Board.
    6. Beck, Thorsten & Silva-Buston, Consuelo & Wagner, Wolf, 2018. "The Economics of Supranational Bank Supervision," CEPR Discussion Papers 12764, C.E.P.R. Discussion Papers.
    7. Faia, Ester & Weder, Beatrice, 2016. "Cross-Border Resolution of Global Banks: Bail in under Single Point of Entry versus Multiple Points of Entry," CEPR Discussion Papers 11171, C.E.P.R. Discussion Papers.
    8. Rafael Repullo, 2017. "Hierarchical Bank Supervision," Working Papers wp2018_1718, CEMFI.
    9. Buch, Claudia M. & Krause, Thomas & Tonzer, Lena, 2019. "Drivers of systemic risk: Do national and European perspectives differ?," Journal of International Money and Finance, Elsevier, vol. 91(C), pages 160-176.
    10. Elena Carletti & Giovanni Dell'Ariccia & Robert Marquez, 2016. "Supervisory Incentives in a Banking Union," IMF Working Papers 16/186, International Monetary Fund.

    More about this item

    Keywords

    Cross-Border Banks; Multinational banks; Supervision; Monitoring; Regulation; Banking Union;

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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