Cross-border banking in EMDEs: trends, scale, and policy implications

Erik Feyen, Norbert Fiess, Ata Bertay and Igor Zuccardi Huertas

Chapter 31 in Handbook of Banking and Finance in Emerging Markets, 2022, pp 573-596 from Edward Elgar Publishing

Abstract: Cross-border banking in emerging markets and developing economies has expanded across most World Bank regions and has become large relative to some home and host economies. This paper analyzes recent trends of bank activities of financial groups headquartered in 46 emerging markets and developing economies, as well as the ownership structure of 51 prominent financial groups from emerging markets and developing economies. The data suggest that cross-border groups in most regions have grown in size, geographical reach, range of activities, and group complexity. The increasing relevance and complexity of cross-border banking pose challenges for policy makers in home and host jurisdictions as well as for the groups themselves to maximize the benefits of international financial integration while mitigating the risks. This balance calls for stronger consolidated supervision, more regional coordination and harmonization, and better group-wide corporate governance and controls. However, key challenges include institutional capacity constraints and political factors.

Keywords: Development Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2022
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Related works:
Working Paper: Cross-Border Banking in EMDEs: Trends, Scale, and Policy Implications (2020)
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