Megainstitutions and Financial Instability: The challenges for prudential regulation

Marcos Antonio Macedo Cintra () and Maria Cristina Penido de Freitas ()

Brazilian Journal of Political Economy, 2000, vol. 20, issue 2, 351-361

Abstract: This paper analyses the recent process of the financial concentration in major industrializedcountries. It reveals that the formation of large diversified financial conglomeratesconsolidates the so-called “full-service banking or financial supermarkets” in the UnitedStates and the Allfinaz in Europe. It also evaluates the role played by these megainstitutionsin the intensification of financial instability due to increasing potential moral hazard andthe systemic risk. Finally, it deals with difficulties faced by authorities in the supervision andcontrol of these megabanks. JEL Classification: G21; G34; L40.

Keywords: Mergers and acquisitions; banks; financial instability; corporate governance (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:20:y:2000:i:2:p:351-361:id:1031

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