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Banking Economy Featured Finance World

Is Europe ready for a major banking crisis?

Europe’s banks have long been slow to integrate across borders, but this is changing fast. ‘Pan-European banks’, with activities spanning several EU countries, are emerging rapidly and are likely to enhance the overall contribution of financial services to economic growth. However, financial stability arrangements, notably banking supervision, remain nationally anchored. This creates significant risks in […]

Finance Banking Business Featured World

Transmission of liquidity shocks through non-bank financial intermediaries: Evidence from the International Banking Research Network

The role of non-bank financial intermediaries in funding markets and financial crises has increased in recent decades. This column examines the rise of the sector and the roles these intermediaries play in liquidity shock transmission. The growth of the non-bank financial intermediation sector can be attributed to technological changes, demographic shifts, and tighter regulation of […]