In the years following the 2008 financial crisis, pundits and policy analysts decried the implosion of the global banking sector. But a fresh look at the international footprint of the largest global systemically important banks (G-SIBs) reveals a more nuanced picture of the current banking architecture. Professor Dirk Schoenmaker dissects the latest data and provides analysis on the influence, scale, scope and state of the G-SIBs from a global perspective. getAbstract recommends this detailed and expert report to banking professionals and those interested in assessing the condition of global financial institutions.
About the Author
Dirk Schoenmaker is a senior fellow at Bruegel.
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2 years agoIn my opinion, by not discussing the profitability of the banks from their consolidation activities in response to the Great Recession of 2008, the study paints an incomplete picture of the banks' current financial state and lends itself insufficient in giving it's readers the ability to project future outlook for the global financial activities.