文摘
The financial crisis has led to a reconsideration of banks?global business models. Using a dataset derived from the BIS banking statistics, this paper studies the geography of global banking. It distinguishes between ¡°international?and ¡°multinational?banks, their respective funding models and the associated degree of centralisation in their operations. As a result of post-crisis regulatory reform, the long-term trend toward local banking is likely to accelerate, especially if liquidity regulations are applied locally.