All in all, the push towards consolidation in the banking sector has been substantial. 1  The views expressed reflect only those of the author. I thank J.-L. Peydró-Alcalde for his input into the preparation of these remarks. 2  ECB calculations. 3  ECB calculations.
BIS Review 147/2007  1  There has also been a large number of cross-border M&As in recent years: over 100 in just the past two years in Europe. In the last three years, the average value per transaction has increased significantly, even without considering exceptional cases such as the acquisition of ABN Ambro by RBS, Santander and Fortis.