1. Publications
  2. G20 Insights Policy Brief, Policy Area "Financial Resilience", 2017
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Transposition Frictions, Banking Union, and Integrated Financial Markets in Europe

In response to the financial crisis of 2007/2008, policymakers implemented comprehensive changes concerning the regulation and supervision of banks. Many of those changes, including Basel III or the directives pertaining to the Single Rulebook in the European Union (EU), are agreed upon at the supranational level, which constitutes a key step towards harmonized regulation and supervision in an integrated European financial market. However, the success of these reforms depends on the uniform and timely implementation at the national level. Avoiding strategic delays to implement EU regulation into national laws should thus constitute a main target of the G20.

29. April 2017

Authors Michael Koetter Thomas Krause Lena Tonzer

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Keywords

Banking Union banking market integration financial integration European integration regulation

Suggested Reading

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Enabling the Wisdom of the Crowd: Transparency in Peer-to-Peer Finance

Oliver Rehbein Michael Koetter

in: G20 Insights Policy Brief, Policy Area "Financial Resilience", 2017

Abstract

The rapid growth exhibited by peer-to-peer finance markets raises hopes that especially young ventures might obtain better access to funding. Yet, consumer protection concerns are looming as borrowers and projects requesting finance from the crowd are inherently opaque. We suggest clear rules to enable peer-to-peer lenders and investors to more effectively screen projects. We plea for strengthening self-responsibility of the investor crowd by clearly assigning, and limiting the responsibilities of regulatory authorities and recognizing the regulatory difference between new peer-to-peer, and traditional financial markets. As a result the peer-to-peer market can develop to more effectively complement traditional sources of finance, instead of turning into a funding source for bad investment projects looking to exploit uninformed lenders and investors.

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Broadening the G20 Financial Inclusion Agenda to Promote Financial Stability: The Role for Regional Banking Networks

Matias Ossandon Busch

in: G20 Insights Policy Brief, Policy Area "Financial Resilience", 2017

Abstract

Policies that foster the expansion of regional banking services can be an effective tool to enhance financial inclusion by facilitating the access to deposit services. Financial inclusion, in turn, can expand banks’ deposit base with positive spillovers for financial stability, both at the bank and country levels. Governments’ support to unconventional branching via correspondent banking, to the proportionality of regulation, and to the harmonization of banking services can provide the conditions to stimulate banks to reach customers that remain outside the financial system, especially in emerging countries. By encouraging these conditions within its Financial Inclusion Action Plan, the G20 could effectively link its financial inclusion and financial stability objectives within a consistent policy framework.

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Whom to contact

For Researchers

Professor Michael Koetter, PhD
Professor Michael Koetter, PhD
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