TY - BOOK ID - 84543090 TI - Bankers without borders? : implications of ring-fencing for European cross-border banks PY - 2010 SN - 1462397093 1455299103 1283562316 9786613874764 1455210390 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Banks and banking, International. KW - Transfer pricing. KW - Cost transfer pricing KW - Intercompany pricing KW - Interdivisional transfer pricing KW - Internal transfer pricing KW - Pricing KW - International banking KW - Offshore banking (Finance) KW - Transnational banking KW - Financial institutions, International KW - International finance KW - Banks and Banking KW - Macroeconomics KW - Money and Monetary Policy KW - Industries: Financial Services KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - International Lending and Debt Problems KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Financial Markets and the Macroeconomy KW - Banking KW - Finance KW - Monetary economics KW - Nonperforming loans KW - Cross-border banking KW - Credit KW - Cross-border effects KW - Banks and banking KW - Loans KW - Bulgaria UR - https://www.unicat.be/uniCat?func=search&query=sysid:84543090 AB - This paper presents a stylized analysis of the effects of ring-fencing (i.e., different restrictions on cross-border transfers of excess profits and/or capital between a parent bank and its subsidiaries located in different jurisdictions) on cross-border banks. Using a sample of 25 large European banking groups with subsidiaries in Central, Eastern and Southern Europe (CESE), we analyze the impact of a CESE credit shock on the capital buffers needed by the sample banking groups under different forms of ring-fencing. Our simulations show that under stricter forms of ring-fencing, sample banking groups have substantially larger needs for capital buffers at the parent and/or subsidiary level than under less strict (or in the absence of any) ring-fencing. ER -