International activities of commercial banks are a potential source for the transmission of shocks across countries. In Europe, bank finance plays a relatively important role, and efforts have been made at creating a level playing field for financial institutions. This paper reviews the stylized facts of the integration of European banking markets and the changing nature of cross-border banking...

Now is the time for global banks to strengthen their core. By implementing or converting to a new core banking platform, or upgrading to the latest version of their current system, financial institutions can create a simpler and more flexible IT environment, boost their efficiency and drive down total cost of ownership. New core banking systems also can add speed and responsiveness, and enhance...

evaluation of performance and productivity is among the fundamental concepts inmanagement. in order to achieve their goals, organizations must evaluate theirperformance. one of the important stages of performance appraisal is evaluation oforganization’s efficiency. banks, financial and credit institutions are among the mostimportant organizations of every economic system, because every activity...

Our work lies in the area of systemic risk in financial systems and focuses on the study of the tradeoff between financial contagion and benefit of connectivity. We consider a financial network described as a weighted directed graph, in which nodes represent financial institutions and edges the exposures between them. The distress propagation is modeled as an epidemics on this graph. We first s...

Throughout the 1980s and into the early 1990s, the effects of several financial cycles severely battered the banking system of the United States. As used here, the term "cycle" does not imply a recurring phenomenon, but rather a cycle through various phases--as in a boom and bust cycle. Most of these cycles began with a prolonged period of extraordinary growth centered in a particularly risky t...

The European sovereign debt crisis has impaired many European banks. The distress on the European banks may transmit worldwide, and result in a large-scale knock-on default of financial institutions. This study presents a computer simulation model to analyze the risk of insolvency of banks and the consequent knock-on defaults in a bank credit network. Simulation experiments quantify the worst i...

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oped and developing countries, sub-sovereign national bodies, universities and research institutes, community organisations, banks and private investors, aid donors, multilateral financial institutions, UN agencies and other international organisations.