International Issues in Banking Supervision
The global development of financial organizations has lead to existence of multinational financial institutions, raising the question about the form of regulation and supervision for them. Such cross-border arrangements of financial activities might have some, although not quite clear, implications on the domestic structure of regulation through several channels. For example, small countries dominated by the foreign banks may relax supervisory activity and thus "import regulation" from stable economies. (Goodhart 2001) Global financial interconnections certainly involve the need of international cooperation of regulatory activities coping problems like for example provision of financial support to troubled international bank. ...
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