 | Bankers Without Borders? Implications of Ring-Fencing for European Cross-Border Banks Author/Editor: Yuliya Makarova, Anna Ilyina, Christian Schmieder, Eugenio Cerutti. Release Date:November, 2010 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 more...
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