This report from the World Economic Forum highlights the benefits and costs of international banking. It shows that countries that are open to international banking can benefit from global flows of funds, knowledge, and opportunity but that the regulatory challenges are complex and, at times, daunting.
It reports that post-global financial crisis the globalisation trend has been partially reversed, as multinational banks from developed countries scaled back their international operations, coinciding with a general backlash against globalisation. At the same time, developing country banks continued their international expansion, accounting for the bulk of new entry into foreign markets. Greater South–South activity has also coincided with regionalisation, both in the roster of foreign banks in many host countries and in cross-border flows. To read more, click here.