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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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This Note identifies four main theoretical options for securities markets self-regulation in India, based on precedents … Exchange (BSE). The new entity would be responsible for both market and member regulation. The Exchanges provide an existing … interest at Exchange SROs. (2) Hybrid structure: NSE and BSE retain responsibility for market regulation, and create a new …
Persistent link: https://www.econbiz.de/10012557815
"The recent global financial crisis has shaken the confidence of developed and developing countries alike in the very blueprint of financial and macro policies that underlie the western capitalist systems. In an effort to contain the crisis from spreading, the authorities in the US and many...
Persistent link: https://www.econbiz.de/10011394101
With the recent stock market frauds in markets around the world such as the Madoff case in the U.S. and the recent Satyam fraud in India, no nation can hold its head high and claim to have good corporate governance. The reality is that the problems of fraud, faulty audits, misleading accounts,...
Persistent link: https://www.econbiz.de/10012556219
"The authors study the effect of reorganization costs on the efficiency of bankruptcy laws. They develop a simple model that predicts that in a regime with high costs, the law fails to achieve the efficient outcome of liquidating unviable businesses and reorganizing viable ones. The authors test...
Persistent link: https://www.econbiz.de/10010522092
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The legal and institutional framework governing creditor rights and insolvency proceedings in Chile reasonably complies … enjoying such instruments use ordinary proceedings whose duration is even longer (3 to 5 years). Insolvency legislation is …, however, is 2 to 3 years. The Insolvency Law also governs judicial reorganization proceedings but classification of creditors …
Persistent link: https://www.econbiz.de/10012559372
The Bank assessed the Mauritius insolvency and creditor rights systems pursuant to a joint IMF-World Bank initiative to … Insolvency and Creditor Rights Systems during 2002. The assessment team interviewed a cross section of country stakeholders …, corporate insolvency and credit risk management and resolution practices. Conclusions in this assessment are based largely on a …
Persistent link: https://www.econbiz.de/10012559382
The importance of a modern, binding and effective insolvency regime is undeniable. Nearly 90 countries around the world … of the key aspects in the reform process is the delicate balance addressed by a modern insolvency system which encourages … of insolvent companies high on the policy agenda. The three fundamental goals of any insolvency law are: 1) transparency …
Persistent link: https://www.econbiz.de/10012557296