New Report Assesses Structural Changes in Global Banking

Nicola Cetorelli, B. Gerard Dages, Paul Licari and Afshin Taber

No 20180202, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: The Committee on the Global Financial System, made up of senior officials from central banks around the world and chaired by New York Fed President William Dudley, recently released a report on ?Structural Changes in Banking after the Crisis.? The report includes findings from a wide-ranging study documenting the significant structural adjustments in banking systems around the world in response to regulatory, technological, and market changes after the crisis, while also assessing their implications for financial stability, credit provision, and capital markets activity. It includes a new banking database spanning over twenty-one countries from 2000 to 2016 that could serve as a valuable reference for further analysis. Overall, the study concludes that the changed regulatory and market environment since the crisis has led banks to alter their business models and balance sheets in ways that make them more resilient but also less profitable, while continuing their role as intermediaries providing financial services to the real economy.

Keywords: Financial Crisis; Global Banking; CGFS (search for similar items in EconPapers)
JEL-codes: G2 (search for similar items in EconPapers)
Date: 2018-02-02
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