Narrow search
Showing 1 - 10 of 281
Cover Image
Bank incentives and optimal CDOs
Pagès, H. - Banque de France - 2009
The paper examines a delegated monitoring problem between investors and a bank holding a portfolio of correlated loans displaying “contagion.” Moral hazard prevents the bank from monitoring continuously unless it is compensated with the right incentive-compatible contract. The asset pool is...
Persistent link: https://www.econbiz.de/10008531418
Cover Image
Predicting Financial Distress in a High-Stress Financial World: The Role of Option Prices as Bank Risk Metrics
Coffinet, J.; Pop, A.; Tiesset, M. - Banque de France - 2010
a stressed environment and their usefulness from a banking supervision perspective. One pool of relevant information …
Persistent link: https://www.econbiz.de/10008765720
Cover Image
Two-way interplays between capital buffers, credit and output: evidence from French banks
Coffinet, J.; Coudert, V.; Pop, A.; Pouvelle, C. - Banque de France - 2011
We assess the extent to which capital buffers (the capital banks hold in excess of the regulatory minimum) exacerbate rather than reduce the cyclical behavior of credit. We empirically study the relationships between output gap, capital buffers and loan growth with firm-level data for French...
Persistent link: https://www.econbiz.de/10008838444
Cover Image
BASEL III: Long-term impact on economic performance and fluctuations
Angelini, P.; Clerc, L.; Cúrdia, V.; Gambacorta, L.; … - Banque de France - 2011
reduced frequency and severity of financial crisis, analysed in Basel Committee on Banking Supervision (BCBS, 2010b). (2) The …
Persistent link: https://www.econbiz.de/10008873321
Cover Image
People's Republic of China-Hong Kong Special Administrative Region : financial sector assessment program : technical note : systemic risk oversight and macroprudential policies
Internationaler Währungsfonds - 2021
The institutional framework for Macroprudential Policies (MaPP) in the Hong Kong Special Administrative Region (the Hong Kong SAR) is well established. According to the Basic Law, the Government of the Hong Kong SAR shall on its own formulate monetary and financial policies. The Financial...
Persistent link: https://www.econbiz.de/10012604073
Cover Image
Italy : financial sector assessment program : technical note : systemic risk oversight framework and macroprudential policy
Internationaler Währungsfonds - 2020
Central Bank (ECB) - within the competences assigned to it by the SSM Regulation - and the European Systemic Risk Board (ESRB …
Persistent link: https://www.econbiz.de/10012266796
Cover Image
New Zealand : financial sector assessment program : technical note : fund management : regulation, supervision, and systemic risk monitoring
Internationaler Währungsfonds - 2017
This Technical Note presents an assessment of Regulation, Supervision and Systemic Risk Monitoring in New Zealand. The … outside the direct supervision of the Financial Markets Authority (FMA). They are neither subject to prudential requirements … nor to ongoing supervision by any other authority. Given that custodians perform key functions regarding safeguarding …
Persistent link: https://www.econbiz.de/10011697664
Cover Image
United Kingdom : financial sector assessment program : fund management and equity trading platforms: regulation, supervision, and systemic risk monitoring : technical note
Internationaler Währungsfonds - 2016
This paper reviews the effectiveness of the regulation, supervision, and systemic risk monitoring of investment funds … responsibility for the regulation and supervision of fund management and equity trading platforms …
Persistent link: https://www.econbiz.de/10011675317
Cover Image
United Kingdom : financial sector assessment program : supervision and systemic risk management of financial market infrastructures : technical note
Internationaler Währungsfonds - 2016
The main objective of this technical note is to analyze the supervision and systemic risk management of financial … market infrastructures (FMIs) in the United Kingdom. It focuses on the supervision of FMIs, including the regulatory …
Persistent link: https://www.econbiz.de/10011675331
Cover Image
Australia : financial sector assessment program : technical note : systemic risk oversight and macroprudential policy
Internationaler Währungsfonds - 2019
This technical note reviews systematic risk oversight and macroprudential policy in Australia. The paper surveys key concerns affecting the Australian financial system, including the substantial increase in house prices and household indebtedness, the rising concentration of bank exposures, and...
Persistent link: https://www.econbiz.de/10011986841