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Quel rôle pour les banques britanniques dans les restructurations bancaires européennes ?

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  • Esther Jeffers

Abstract

[fre] Depuis le début des années 1990, la dynamique des systèmes bancaires européens est régie par les mêmes grandes forces : libéralisation, consolidation et internationalisation. En même temps, l’Europe bancaire reste très fragmentée avec de fortes disparités nationales. La majorité des fusions-acquisitions ont eu lieu jusqu’à présent sur un plan national, tandis que les opérations transfrontalières demeurent relativement peu nombreuses. Mais l’offre faite par la banque espagnole SCH sur Abbey pourrait bien signaler un début de changement dans les restructurations bancaires européennes. Dans ce cadre-là, on peut s’interroger sur quel pourrait être le rôle des banques britanniques. En effet, elles sont très rentables et ne peuvent plus se développer dans un cadre purement national. Aussi, on peut se demander si elles iront ailleurs et, dans ce cas-là, où ? Ou bien si elles vont elles-mêmes être l’objet de convoitise d’autres banques et lesquelles ? . Classification JEL : F36, G21, G34 [eng] What role for British banks in the restructuring of European banking ? . Since the beginning of the 1990s, the dynamics of the European banking systems have been determined by the same major trends : liberalization, consolidation, and internationalization. At the same time, European banking has remained fragmented and characterized by large national disparities. Until the present most mergers and acquisitions have taken place on a national level. Cross-border operations have been relatively scarce. But the offer made by the Spanish bank SCH for Abbey may well announce the beginning of a shift in the restructuring of European banking. What might be the role of British banks within this framework ? They are certainly highly profitable and have nowhere left to expand on a national level. Thus, the question may be posed as to whether they will make moves outside the UK and if so, where ? Or will they themselves be targeted by foreign banks, and in that case, which ? . JEL classification : F36, G21, G34

Suggested Citation

  • Esther Jeffers, 2005. "Quel rôle pour les banques britanniques dans les restructurations bancaires européennes ?," Revue d'Économie Financière, Programme National Persée, vol. 78(1), pages 171-180.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2005_num_78_1_3944
    DOI: 10.3406/ecofi.2005.3944
    Note: DOI:10.3406/ecofi.2005.3944
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    References listed on IDEAS

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    1. Agnès Labye & Christine Lagoutte & Françoise Renversez, 2002. "Banques mutualistes et systèmes financiers : une analyse comparative Allemagne, Grande-Bretagne, France," Revue d'Économie Financière, Programme National Persée, vol. 67(3), pages 85-109.
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    More about this item

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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