Ring-Fencing and “Financial Protectionism” in International Banking

Linda Goldberg and Arun Gupta
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Arun Gupta: https://www.federalreserve.gov/econres/arun-gupta.htm

No 20130109, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Some market watchers and academic researchers are concerned about a “Balkanization” of banking, owing to a sharp decline in cross-border international banking activity (see chart below), and an increased home bias of financial transactions. Meanwhile, policy and regulatory efforts are under consideration that may further induce banks to shift away from international activity, including ring-fencing of domestic banking operations, other forms of “financial protectionism,” and enhanced oversight and prudential measures.

Keywords: liquidity; international; bank; ring fence (search for similar items in EconPapers)
JEL-codes: G15 (search for similar items in EconPapers)
Date: 2013-01-09
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