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Germany's Corporate Governance Reforms; Has the System Become Flexible Enough?
Odenius, Jürgen - International Monetary Fund (IMF) - 2008
This article reviews Germany's corporate governance system and the effectiveness of recent reforms. Since the early 1990s far-reaching reforms have complemented the traditional stakeholder system with important elements of the shareholder system. Instead of taking a view on the superiority of...
Persistent link: https://www.econbiz.de/10005263885
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Banks and Labor As Stakeholders; Impacton Economic Performance
Ueda, Kenichi; Claessens, Stijn - International Monetary Fund (IMF) - 2008
analyzed independently. Yet, theory clearly indicates that the combination of relative powers of different stakeholders affects … shareholders' rights, which itself is not significant. The findings suggest that financial liberalization operates mostly through …
Persistent link: https://www.econbiz.de/10005825652
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The Economics of Bank Restructuring: Understanding the Options; Understanding the Options
Landier, Augustin; Ueda, Kenichi - International Monetary Fund (IMF) - 2009
restructuring needs to take into consideration the payoffs and incentives for the various key stakeholders (i.e., shareholders, debt …
Persistent link: https://www.econbiz.de/10011245869
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Modern Banking and OTC Derivatives Markets; The Transformation of Global Finance and its Implications for Systemic Risk
Drees, Burkhard; Schinasi, Garry J.; Kramer, Charles … - International Monetary Fund (IMF) - 2001
Persistent link: https://www.econbiz.de/10005590943
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South Africa; Financial System Stability Assessment, Including Report on the Observance of Standards and Codes on the following topic: Securities Regulation
International Monetary Fund (IMF); International … - 2008
This paper discusses the Financial System Stability Assessment for South Africa, and reviews the Report on the Observance of Standards and Codes on Securities Regulation. The assessment reveals that South Africa’s sophisticated financial system is fundamentally sound and has so far...
Persistent link: https://www.econbiz.de/10011244235
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Canada; Financial Sector Assessment Program: Detailed Assessment of Observance of the CPSS/IOSCO Recommendations for Securities Settlement Systems
International Monetary Fund (IMF); International … - 2008
The Canadian Depository for Securities (CDS) is the operator of the securities settlement system. The design and operations of the CDS are covered by a solid legal basis. The regulatory framework is clear and transparent to market participants. The risk management procedures of the CDS as a...
Persistent link: https://www.econbiz.de/10011244268
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Saudi Arabia; Financial System Stability Assessment: Update
International Monetary Fund (IMF); International … - 2012
An update on Saudi Arabia’s Financial System Stability Assessment (FSAP) is presented. Saudi Arabia has confronted the global financial crisis from a position of strength, and took decisive steps to manage the impact of the crisis. As a result, the financial system has weathered the...
Persistent link: https://www.econbiz.de/10011244277
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Russian Federation; Technical Note on Crisis Management and Crisis Preparedness Frameworks
International Monetary Fund (IMF); International … - 2011
This technical note discusses the lessons learned from the financial crisis in Russia in 2008. The note summarizes key findings and recommendations, and analyzes the institutional framework and coordination arrangements for systemic risk monitoring and crisis management. It also covers crisis...
Persistent link: https://www.econbiz.de/10011244415
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Spain; Oversight and Supervision of Financial Market Infrastructures Technical Note
International Monetary Fund (IMF); International … - 2012
This technical note focuses on financial market infrastructures (FMIs) in Spain. The way Spanish authorities supervise and oversee FMIs is an essential issue in promoting and maintaining domestic financial stability. Although systemically important payments systems are European or international...
Persistent link: https://www.econbiz.de/10011244420
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Malaysia; Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Observance of the CPSS-IOSCO Principles for Financial Market Infrastructures...
International Monetary Fund (IMF); International … - 2013
This report is an assessment of the CPSS-IOSCO Principles for Financial Market Infrastructures (PFMI) in Malaysia. The central bank is in charge of the payment and settlement systems and the Securities Commission (SC) is in charge of regulation and securities. The payment and security systems...
Persistent link: https://www.econbiz.de/10011244525