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This note reviews the main elements of the New Basel III global regulatory framework and its regulatory implications, as well as the menu of macro prudential regulatory options to consider for application to ensure more resilient banks and baking systems
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With the recent stock market frauds in markets around the world such as the Madoff case in the U.S. and the recent … World Bank and the International Corporate Governance Network (ICGN), along with major fund managers, are formulating sets … poor job of policing the complex world of finance and that the greater part of the task will be left to self policing on …
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governments around the world as monitors of their self-owned banks. Countries should build on this potential for market discipline … strengthen countries' financial systems"--World Bank web site …
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prudential regulation of Collective Investment Schemes (CIS) are discussed. …
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conducive to crisis can also be associated with more unequal societies."--World Bank web site …
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larger effort in the group to understand the sources of growth and volatility"--World Bank web site …
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department to study the containment and resolution of financial crises"--World Bank web site …
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lies in contradictory political and bureaucratic incentives that undermine the effectiveness of financial regulation and … supervision in every country in the world. The paper concludes by identifying reforms that would improve incentives by increasing … transparency and accountability in government and industry alike. "--World Bank web site …
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absence of global standards, the IMF-World Bank Bali Fintech Agenda (BFA), along with guidance by Standard Setting Bodies …
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