The Safety and Soundness Effects of Bank M&A in the EU: Does Prudential Regulation Have any Impact?
研究了欧盟银行并购对收购方和目标银行安全与稳健指标的影响，发现严格的监管和存款保险制度能部分缓解并购带来的负面效应。
Abstract This paper studies the impact of European bank mergers on changes in key safety and soundness measures of both acquirers and targets. We find that acquirers in cross‐border deals tend to perform better when their home country prudential supervisors and deposit insurance funding systems are stricter than that of the target. For target banks, we find that stronger supervision and tougher deposit insurance funding regimes result in positive post merger changes in liquidity and performance. Overall, while bank mergers have undermined bank safety and soundness in some cases, our evidence indicates that strong regulation and supervision can partly ameliorate this.