European banking integration, ten years after
Author: Dermine, Jean INSEAD Area: FinanceIn: European Financial Management, vol.2, no. 3, 1996 Language: EnglishDescription: p. 331-353.Type of document: INSEAD ArticleNote: Please ask us for this itemAbstract: Ten year ago, the "White paper on the completion of the single market " announced the integration of European banking markets. The purpose of this essay is to identify four public issues that remain to be addressed. Home country control of international banks need to be complemented by host country control. The deposit guarantee schemes should be modified by rendering insured deposits "first order claim". A European authority is needed to ensure that banks do not exploit domestic rents to subsidize international activities. Finally, tax evasion is a fourth issue that remains to be addressed| Item type | Current location | Call number | Status | Date due | Barcode | Item holds |
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Europe Campus | Available | BC004004 |
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Ten year ago, the "White paper on the completion of the single market " announced the integration of European banking markets. The purpose of this essay is to identify four public issues that remain to be addressed. Home country control of international banks need to be complemented by host country control. The deposit guarantee schemes should be modified by rendering insured deposits "first order claim". A European authority is needed to ensure that banks do not exploit domestic rents to subsidize international activities. Finally, tax evasion is a fourth issue that remains to be addressed
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