Cross-Border Banking in EMDEs : Trends, Scale, and Policy Implications
Cross-border banking in emerging markets and developing economies has expanded across most World Bank regions and has become large relative to some home and host economies. This paper analyzes recent trends of bank activities of financial groups he...
| Main Authors: | , , , |
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| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/146531599676174128/Cross-Border-Banking-in-EMDEs-Trends-Scale-and-Policy-Implications http://hdl.handle.net/10986/34479 |
| Summary: | Cross-border banking in emerging markets
and developing economies has expanded across most World Bank
regions and has become large relative to some home and host
economies. This paper analyzes recent trends of bank
activities of financial groups headquartered in 46 emerging
markets and developing economies, as well as the ownership
structure of 51 prominent financial groups from emerging
markets and developing economies. The data suggest that
cross-border groups in most regions have grown in size,
geographical reach, range of activities, and group
complexity. The increasing relevance and complexity of
cross-border banking pose challenges for policy makers in
home and host jurisdictions as well as for the groups
themselves to maximize the benefits of international
financial integration while mitigating the risks. This
balance calls for stronger consolidated supervision, more
regional coordination and harmonization, and better
group-wide corporate governance and controls. However, key
challenges include institutional capacity constraints and
political factors. |
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