On December 7, 2017, final agreement was reached on the long-awaited revised bank capital rules known as Basel III. This volume presents the findings of day long symposium hosted by the Institute for Law and Finance on January 29, 2018, dedicated to explaining what has actually been accomplished, what has been left out and what it all means for financial institutions, investors and the public interest.
What is the future of banking and money? The road passes through data and digitalization at all levels of activity, from personal banking through publicly and privately issued digital currencies. But who is winning and losing ground in the banking sector? Do we really need central bank digital currencies and how should they and private digital currencies be designed and regulated to yield the maximum benefits while reducing the obvious dangers? How should we regulate the new digital technologies? This book´brings you the answers of senior public sector officials, industry leaders and leading academics. It is the tenth title in the Institute for Law and Finance’s series on the future of the financial sector.
The work draws conclusions of the fourth conference in a series on the subject of „too big to fail“, hosted by the Institute for Law and Finance at Goethe University, Frankfurt am Main on April 23, 2018. It presents the views of key European Union officials as well as senior executives from the financial sector on where Europe stands in this crucial area.
This analysis examines the influence of market liquidity on bank lending in the euro area from 2003 to 2016. Findings indicate a positive correlation between market liquidity and loan volumes, while credit spreads are negatively affected. During the 2007-09 financial crisis and the subsequent European debt crisis, lending decreased, with banks demanding higher credit spreads. Notably, the impact of reduced liquidity on bank lending is more pronounced than the benefits of increased liquidity, particularly affecting corporate loans, where lending conditions tighten first in times of low market liquidity. Bank-level data further supports the significant role of market liquidity in lending practices. Specifically, non-listed banks, those with lower profitability, banks that depend more on net interest income, and banks with high funding liquidity are particularly vulnerable to fluctuations in market liquidity. Thus, maintaining well-functioning and sufficiently liquid markets is crucial to prevent adverse effects on bank lending that could hinder the real economy. This is especially relevant in light of the proposed capital markets union in the EU and the potential implications of the United Kingdom's exit from the EU.
In March 2015, the Institute for Law and Finance in Frankfurt am Main held a full-day symposium which brought together leading representatives of the public and private sectors to deliver the first high level response to the questions posed by the Commission’s Green Paper on Building a Capital Markets Union. These responses are collected in this volume.
The volume is a collection of articles based on presentations given at a conference titled “Too Big to Fail III: Structural Reform Proposals – Should We Break Up the Banks ?” hosted by the Institute for Law and Finance on January 21, 2014 – the third session of a series on the topic “too big to fail” with the previous conferences “Too Big to Fail – Brauchen wir ein Sonderinsolvenzrecht für Banken” and “The Bank Recovery and Resolution Directive”.
The volume is a collection of articles based on presentations given at a conference titled “The Crisis Management Directive – Europe’s Answer for Too Big to Fail?” hosted by the Institute for Law and Finance on May 3, 2012.
The book concentrates on one single industry and its special regularities, value drivers and merger motives. Apart from the fact, that there is still little comprehensive literature available on industry specific M& A studies, this book is a documentation of a project course that brought together research and teaching more closely. The book is a compilation of articles which emerged from the „Project Course M& A - the European Banking Industry“ in the summer term 2007, a course offered to 8th semester students at the European Business School (EBS). The articles in this book cover a wide range of M& A-related topics. They are divided into three main areas: It starts with a presentation of interesting and outstanding M& A deals in the European Banking Industry as case studies. Secondly, we proceed with an analysis of the performance and valuation of the European Banking Industry. And finally, the third section of the book focuses on the announcement and methodological multiplicity, this monograph provides insights into the banking industry which can hardly be found in one single source and in this compactness.
Die europäische Bankenlandschaft, wie wir sie heute kennen, ist so nicht mehr wettbewerbsfähig. Neue Wettbewerber bedrohen die alteingesessenen Geldhäuser. Die Autoren beleuchten den heutigen Markt und untersuchen die Erfolgsfaktoren der Zukunft. Sie analysieren die heutige Wertschöpfungskette und entwerfen ein völlig neues Bild für die Zukunft. Wie sieht die Bank der Zukunft aus, was kann der Banker von heute von anderen Industrien lernen?
Schwerpunkte von Andreas Dombret in der Deutschen Bundesbank 2010 – 2018
Die internationale Finanzkrise 2008 hat gezeigt, wie groß die Gefahren einer ausgeprägten Schieflage des Finanzsystems sind – die Auswirkungen machen weder an Sektoren- noch an Ländergrenzen halt. Politik und Aufsichtsbehörden haben das erkannt und steuern dagegen an. Die zahlreichen Regulierungsbausteine haben allesamt das Ziel, die Stabilität und die Transparenz des Systems zu erhöhen und so das Vertrauen der Marktteilnehmer in Kreditinstitute wiederherzustellen. Die Anforderungen führen zu erheblichen Herausforderungen für die Marktteilnehmer: Strukturen müssen verändert, Geschäftsmodelle überarbeitet, Systeme auf ihre Funktionalität hin überprüft werden. Dr. Andreas R. Dombret hat in seiner achtjährigen Vorstandstätigkeit in der Deutschen Bundesbank das meiste hiervon miterlebt und große Teile des neuen Regulierungswerks mitgestaltet. Dabei hat er auch bei wichtigen Verhandlungen im Ausland nie die Interessen der deutschen Banken und Sparkassen aus dem Blick verloren und hat sich erfolgreich bemüht, zukünftige Entwicklungen wie beispielsweise den Klimawandel mit seinen Auswirkungen auf die Risikolagen in der Kreditwirtschaft in den Köpfen von Aufsehern und Beaufsichtigten zu verankern.