Showing 1 - 10 of 58
Supervision (BCPs). While the PRC has incorporated many sound practices advocated by the BCPs, there are quite a few areas where …This paper discusses the banking regulatory and supervisory practices in People’s Republic of China (PRC) with … product level, prescriptive rules, and guidance for risk management. Broadly speaking, the PRC adopts a rules-based approach …
Persistent link: https://www.econbiz.de/10008829845
This paper focuses on the relevance to emerging economies of three major financial reforms following the global financial crisis of 2007–2009: (1) the improved capital requirements intended to reduce the risk of bank failure (“Basel III”), (2) the improved recovery and resolution regimes...
Persistent link: https://www.econbiz.de/10010991127
The paper discusses the financial landscape of the Association of Southeast Asian Nations (ASEAN), a region engaged in building an economic community (a “single market and production base”) by 2015. In particular, it reviews where ASEAN’s financial markets and institutions now stand and...
Persistent link: https://www.econbiz.de/10010991117
This paper is an attempt to explain the changes to finance sector reforms under the Dodd-Frank Act in the United States and Basel III requirements globally; their unintended consequences; and lessons for currently fast-growing emerging markets concerning finance sector reforms, government...
Persistent link: https://www.econbiz.de/10010840173
This paper examines the motivation for, and the success of, regional efforts in Asia to promote local currency bond markets. The analysis demonstrates that Asian local currency bond markets made substantial gains as a region going into the current global financial crisis. However, we argue that...
Persistent link: https://www.econbiz.de/10008467191
The recent financial crisis has shown that financial innovation can have devastating systemic impacts. International standard setters’ and national regulators’ response has been a global concerted effort to overhaul and tighten financial regulations. However, at a time of designing stricter...
Persistent link: https://www.econbiz.de/10008763480
Sri Lanka has achieved a high level of financial inclusion compared to other South Asian countries. Its financial sector comprises a wide range of financial institutions providing financial services such as loans, savings, pawning, leasing and finance, and remittance and money transfer...
Persistent link: https://www.econbiz.de/10011075764
in ASEAN, the PRC, and India, identifies key priorities for strengthening financial infrastructure to promote financial …
Persistent link: https://www.econbiz.de/10009493142
This paper provides an overview of the Reserve Bank of India's approach to macroprudential regulation and systemic risk management, and reviews lessons drawn from the Indian experience. It emphasizes the need for harmonization of monetary policy and prudential objectives, which may not be...
Persistent link: https://www.econbiz.de/10009643858
This study analyzes the effects of financial liberalization on the lending behavior of banks and non-bank financial institutions (NBFIs) before and after the 1997 Asian financial crisis, using panel regressions on Republic of Korea firm-level and industry-level data of the period 1991–2007. It...
Persistent link: https://www.econbiz.de/10010840172