The global financial crisis has uncovered a number of weaknesses in the supervision and regulation of cross border banks. One such weakness was the lack of effective cooperation among banking supervisors. Since then, international bodies, such as the G-20, the Financial Stability Board and the...

The Basel Committee has been active in the area of cross-border banking supervision since its establishment now more than 30 years ago. Despite its longstanding efforts to promote better cooperation among prudential banking supervisors, the crisis has confirmed that individual supervisors ignore...

Purpose – The purpose of this paper is to measure and rank territorial bias in prudential supervision and regulation in 22 EU and non-EU countries with financial systems predominantly owned by foreign banks. Design/methodology/approach – Twenty-two host countries are surveyed along six...