Globally active banks have made 'major changes' to funding mix – Spanish paper
Banks used funding from cross-border subsidiaries more after 2007, researchers say
A working paper published by the Bank of Spain investigates changes in how a sample of globally active banks changed their funding from 2001 to 2013.
In Changing business models in international bank funding, Leonardo Gambacorta, Stefano Schiaffi and Adrian Van Rixtel look at data on banks in 12 advanced economies, including the US, UK, Japan and several eurozone countries. They find from 2007 banks began relying on funding from their own international subsidiaries more, but cut their exposure
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