A comparative analysis of the US and EU retail banking markets - Wsbi

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The following WSBI/ESBG committees provided the guidance in writing the study: The Coordination Committee The Financial Regulation Committee The Economic Affairs Committee A special thanks for their valuable insights on the US banking market to: Ms. Diane Casey-Landry President & CEO America's Community Bankers Mr. Robert R. Davis Executive Vice President America's Community Bankers 6
A COMPARATIVE ANALYSIS OF THE US AND EU RETAIL BANKING MARKETS Table of Contents Foreword 11 1 Executive summary 13 2 General introduction 19 3 Institutional comparison 21 3.1 Section introduction 21 3.2 Types of banking institutions 21 3.2.1 United States 21 3.2.1.1 Legal forms in the US market 21 3.2.1.2 Actors present in the US market 32 3.2.2 European Union 32 3.2.2.1 Legal forms (and harmonisation) in the EU market 32 3.2.2.2 Actors present in the EU market 34 3.2.3 Comparison 39 3.2.3.1 Types of institutions and their activities 39 3.2.3.2 Ownership structure 40 3.2.3.3 Deposit guarantee systems 40 3.2.3.4 Corporate Social Responsibility 40 3.2.3.5 Taxation 41 3.3 Financial Conglomerates 41 3.3.1 United States 41 3.3.2 European Union 41 3.3.2.1 Introduction 41 3.3.2.2 Definition 42 3.3.3 Comparison 42 7
Page 1: September 2006 RESEARCH A COMPARATI
Page 4 and 5: IE UK FR BE NL LU DK DE SE CZ AT SL
Page 8 and 9: 4 Regulation and supervision compar
Page 10 and 11: 6.5 Issues of competition in retail
Page 12 and 13: To finish, if we had to pick from a
Page 14 and 15: In the US, credit institutions have
Page 16 and 17: Following the same logic, the EU co
Page 18 and 19: In that context, it is tempting to
Page 21 and 22: 3. INSTITUTIONAL COMPARISON 3.1 Sec
Page 23 and 24: The market share of the US banking
Page 25 and 26: FDIC-insured commercial banks are i
Page 27 and 28: The subsidiary stock institution is
Page 29 and 30: Regulatory reform over the past thi
Page 31 and 32: State credit unions were first exem
Page 33 and 34: There has however been much effort
Page 35 and 36: 3.2.2.2.2.2 Ownership and corporate
Page 37 and 38: Hermann Schulze-Delitzsch and Fried
Page 39 and 40: In contrast, building societies in
Page 41 and 42: The commitment of savings banks is
Page 43 and 44: 4. REGULATION AND SUPERVISION COMPA
Page 45 and 46: In addition, for regulations define
Page 47 and 48: The European Parliament has to be k
Page 49 and 50: In fact, it should be mentioned her
Page 51 and 52: As far as coordination at the feder
Page 53 and 54: Despite the trend towards the estab
Page 55 and 56: Another important factor in the cho
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In the European Union, contrary to
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Although younger than CESR, both CE
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4.2.5.1.1.1.1 Limitation of the geo
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4.2.5.1.1.3 Recent trend: regulatio
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Another important common feature be
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The best execution rule was first m
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4.3.2.2.4 National Market System ru
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The ISD set a basis for the develop
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Best execution rules exist in both
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The decline of savings institutions
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Relative to population, the Europea
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5.2.2 Size of credit institutions 5
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5.2.2.2 European Union In Europe, t
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5.2.3 Concentration and consolidati
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5.2.3.2 European Union Average CR5
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In terms of the nature of consolida
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100% Graph 9: Structure of the asse
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In terms of growth of the volume of
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5.3.2 Efficiency of credit institut
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Table 16: Evolution of the Return o
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Finally, looking at cost-income rat
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9. The last couple of decades have
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102
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Furthermore, the average outstandin
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Under an open-end credit, the credi
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Table 19: Evolution of outstanding
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6.2.1.2.2 Regulatory framework over
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6.2.1.3 Comparison 6.2.1.3.1 Size o
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In terms of market competition, the
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The residential mortgage market in
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Funding by retail deposits represen
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In sharp contrast, the US mortgage
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6.2.3.1.2 Lenders to small business
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The securitisation process requires
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Factoring is also continuously gain
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6.2.3.2.4 Securitisation of small b
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The above fears can hardly be allay
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- ACH credits and debits: the stati
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6.3.2.1.2 Financial intermediaries
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It should be noted that two of the
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Assuming that technology, globalisa
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The report adds: “although it bou
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Graph 19: Use of different distribu
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In terms of funding of the business
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Since then, established banks have
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148
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MoU Memorandum of Understanding OTC
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Annex 2: Statistical appendix Table
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Table F: Share of US banking indust
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Table L: Structure of the liabiliti
Page 158 and 159:
Table R: Number of ATMS in the EU a
Page 160 and 161:
F - Federal Deposit Insurance Corpo
Page 162 and 163:
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A comparative analysis of the US and EU retail banking markets - Wsbi

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