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Bank Disintermediation: Causes and Consequences
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Edited by:
Language:
English
Published/Copyright:
2026
About this book
We examine the causes and consequences of bank disintermediation. Are the causes regulation or competition from non-bank financial institutions (NBFIs)? Or are banks now cooperating with NBFIs, and does the greater risk of competition for them come from retail central bank digital currencies (CBDCs)? Can the EU’s Savings and Investment Union (SIU) be a game changer for them? And what effects may bank disintermediation have on central bank monetary policy transmission?
- Evaluates regulation, NBFIs and CBDCs as sources bank disintermediation.
- Explores the effects of NBFIs on the effectiveness of central bank monetary policy transmission.
- Questions the strategy and chances of success of the SIU.
Author / Editor information
Andreas Dombret, Frankfurt am Main, Germany.
Patrick S. Kenadjian, London, UK.
Topics
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Frontmatter
I -
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Foreword
V -
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Preface
VII -
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Contents
XVII -
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Introduction
XIX -
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The authors
XXV - Can the Capital Markets Union be a Game Changer?
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The Political Economy of the Capital Market Union
1 -
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‘Will the Capital Markets Union be a game changer?’
13 -
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The Capital Markets Union revisited: what do we want and need from it and can the Savings and Investment Union deliver that?
19 - The Effects of Market-based Non-bank Competition
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The private markets opportunity and its implications for financial markets
45 -
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Banking and non-banking financial institutions: Co-existing to better finance the challenges of Europe’s economy
55 -
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The Future of the Financial Sector: Insights on Bank Disintermediation
65 - The Effects of Central Bank Digital Currencies
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The digital euro’s effect on the financial sector
71 -
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Lessons from BIS Innovation Hub experiments on central bank digital currencies (CBDCs)
81 -
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CBDCs – The most transformative innovation in the financial system
95 -
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The Digital Euro: A Part of a Competitive and Sovereign European Payments System?
101 - The Effects of Regulatory Reform
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Banking Regulation: Reforming Without Retreating
107 -
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The growth imperative: thinking strategically about deregulation
115 - The Effects on Monetary Policy
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Monetary policy, risk-taking and NBFI: what differs?
125 -
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Nonbank finance and monetary policy transmission
139
Publishing information
Pages and Images/Illustrations in book
eBook published on:
March 17, 2026
eBook ISBN:
9783112224335
Hardcover published on:
March 17, 2026
Hardcover ISBN:
9783112224328
Pages and Images/Illustrations in book
Front matter:
30
Main content:
150
Illustrations:
16
Keywords for this book
Bank regulation; Central bank digital currencies; Savings and Investment Union
Audience(s) for this book
Researchers, Professionals and Practitioners
Safety & product resources
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Manufacturer information:
Walter de Gruyter GmbH
Genthiner Straße 13
10785 Berlin
productsafety@degruyterbrill.com
