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This Technical Note discusses calibration of a debt-service-to-income (DSTI) limit in Romania. The recent pick-up in household credit in Romania has given rise to a need for revisiting the design of existing macroprudential tools addressing household vulnerabilities. The National Bank of Romania...
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supervisory framework as well as the insolvency and creditor rights regime, and makes recommendations for strengthening the … insolvency system (liquidation and reorganization proceedings); and (4) effectiveness of the relevant institutional, regulatory …
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the areas of insolvency and creditor rights. The regime for creditor and debtor rights largely conforms to international … with real estate. The institutional framework supporting insolvency and creditor rights has been strengthened but requires …
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Past experience with financial crises places systemic risk oversight at the core of Korea's approach to the financial system. The Korean authorities have amassed over a decade of experience with macroprudential policies. They have put in place rigorous and sophisticated processes for risk...
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