Vishny (2009), “Unstable Banking”, National Bureau of Economic Research, Working Paper Series No 14943. 4  BIS Review 112/2009  Chart 2.a: Total assets to total deposits of the largest euro area bank (outstanding amounts, eonia banks)  Source: Bankscope. Chart 2.b:Loans to deposit ratio of large EU banks (corrected for extreme outliers)  Source: Bankscope.
Securitisation markets and the current crisis The element of this change in banks’ sources of funding that I would like to focus on in particular is securitisation. Securitisation activity did indeed increase substantially in the years prior to the financial crisis (see Chart 3).