In order to improve the effectiveness of crisis management plans, European Union and Scandinavian countries have been conducting crisis simulation exercises. It is important that countries in other  4  BIS Review 95/2006  regions with large subsidiaries start to conduct simulation exercises with the authorities of countries where the parents are located.
v)  Competition  As mentioned, the expansion of international banks often takes place through the acquisition of existing financial entities rather than the establishment of new ones. This method of entry leaves the structure of local markets largely untouched. Efficiency gains brought about by foreign management and expertise very often result in higher profits, but not consumer benefits.