Norges Bank: universal banking enhances development of corporate debt markets
A Norges Bank paper published on Tuesday explores the benefits of adopting a universal banking system and finds such a model enables firms to reach the correct size to successfully perform securitisation.
Universal banking is a banking model prevalent in Europe and North America whereby firms are free to engage in all forms of financial services, including investment services, savings and lending. Stefano Ugolini, the paper's author, uses a case study on the emergence of universal banking in
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