Issues in international banking regulation: global policies for global markets

Dale, Richard (1994) Issues in international banking regulation: global policies for global markets. Southampton, University of Southampton (Discussion Papers in Accounting and Management Science, 94-80).


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The trend towards globalisation of financial markets has been given further impetus in recent years by the dismantling of exchange controls, a dramatic rise in cross-border investment flows and increased access to domesticbanking markets by foreign institutions. At the same time, banking can no longer be regarded as a distinct financial service, having become intermingled with other financial activities, including securities business. Another important development has been banks' growing involvement in financial derivatives. Finally, banks all over the world face increasing competition as a result of a dismantling of domestic restrictive practices; the liberalisation of cross-border activities; and the displacement of conventional bank lending by securities financing. The above trends pose formidable problems for bank regulatory authorities who are having to cope not only with a riskier banking system, but a banking system whose boundaries have become unclear and which is increasingly prone to contagious disorders originating in other areas of the financial services industry. The conclusion of this paper is that regulators will have to confront these difficulties by enlarging the scope of current co-ordination initiatives

Item Type: Monograph (Discussion Paper)
Additional Information:
Related URLs:
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HG Finance
Divisions : University Structure - Pre August 2011 > School of Management
ePrint ID: 36048
Accepted Date and Publication Date:
April 1994Published
Date Deposited: 03 May 2007
Last Modified: 31 Mar 2016 12:04
The harmonisation of e. C. Securities market regulations
Funded by: ESRC National Centre for Research Methods (L113251016)
1 October 1991 to 31 October 1994

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