What happened to global banking after the crisis? Bruegel Policy Contribution Issue n˚7 | 2017

Schoenmaker, Dirk (2017) What happened to global banking after the crisis? Bruegel Policy Contribution Issue n˚7 | 2017. [Policy Paper]

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Abstract

The global financial crisis allegedly led to the end of global banking. However, we find that reports of the demise of global banking are premature. Among the global systemically important banks, we find that there has been a shift of business from the global European banks to the more domestic Asian banks, which are gradually increasing their global reach. The US banks have maintained their strong position. Within Europe, we find a mixed picture. The euro-area banks have maintained their global reach, while UK and Swiss banks have experienced a significant decline in their geographic reach.

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