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Bank Mergers in Europe: The Public Policy Issues
Author(s) -
Dermine Jean
Publication year - 2000
Publication title -
jcms: journal of common market studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.54
H-Index - 90
eISSN - 1468-5965
pISSN - 0021-9886
DOI - 10.1111/1468-5965.00228
Subject(s) - competition (biology) , banking industry , business , state (computer science) , financial stability , public policy , financial system , international trade , economic policy , international economics , finance , economics , economic growth , ecology , algorithm , computer science , biology
A very large merger wave in the banking industry has taken place in Europe over the last 15 years. Public policy‐makers need to assess how bank mergers – be they domestic intra‐industry, across‐industry, or cross‐border – affect their mission of protecting investors and ensuring financial stability, an appropriate level of competition, and the competitiveness of national firms. Moreover, as the banking world is becoming increasingly international, there is a need to reassess the structure of bank regulation and supervision which has been assumed historically by each nation‐state.