The End of Cross-Border Banking in Emerging Markets? Adapting Business Models in the Era of Regulatory Reform

London, UK

May 17, 2012



The crisis was a severe shock to international financial integration and cross-border banking. The large scale deleveraging by foreign banks, subsequent regulatory challenges and re-nationalization of capital markets was the order of the day. Participants at the conference were challenged to reassess the existing models of cross border banking, their benefits but also the risks, and to consider how a coordinated policy response and regulatory framework could ensure its survival and stability in the long term. As much as emerging markets had experiences in dealing with crisis, there was little previous knowledge as to how to deal with crisis originating from developed markets and dealing with the consequent widespread contagion. This time around even the foreign banks were unable to provide the expected stability and they also transmitted shocks in their balance sheets to host countries. This drew the global attention towards measuring new funding models for EME’s in capital market context. The perspective of sudden stop or reversal of capital flows for host countries was systemically important. The need for an ex ante burden sharing and a common supervision mechanism was stressed upon.



  • Alessandro PROFUMO: Chairman, Banca Monte Dei Paschi di Siena
  • Alexander POPOV: European Central Bank
  • Andras SIMOR: Governor, Hungarian National Bank
  • Andrzej RACZKO: Vice President, National Bank of Poland
  • Barbara RIDPATH: CEO, International Centre for Financial Regulation
  • Erik BERGLOF: Chief Economist, EBRD
  • Gianni PAPA: Head CEE Division, UniCredit Group
  • Jose Antonio ALVAREZ: CFO, Santander
  • Lars NYBERG: Formerly Riskbank
  • Luc LAEVEN: IMF Research Department
  • Manfred SCHEPERS: Vice President Finance, EBRD
  • Marc UZAN: Executive Director, Reinventing Bretton Woods Committee
  • Mario BLEJER: Formerly Governor, Central Bank of Argentina
  • Mark ALLEN: Senior Regional Representative, IMF
  • Mathias DEWATRIPONT: National Bank of Belgium
  • Nick TESSEYMAN: Managing Director, EBRD
  • Pascual O DOGHERTY: Director General Financial Stability, Banco de Mexico
  • Ralph DE HAAS: EBRD
  • Robert HAUSWALD: American University
  • Thorsten BECK: Tilburg University and CEPR
  • Usha THORAT: Centre for Advanced Financial Research and Learning and Former Deputy Governor of the Reserve Bank of India
  • SHANKAR: CEO – Europe Middle East, Africa and Americas, Standard Chartered PLC

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