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This volume contains written contributions from some of the key actors involved on both the Chinese and the World Bank sides in the past four decades of partnership. It is clear that the World Bank from the very beginning provided honest and evidence-based advice to China, but China was always...
Persistent link: https://www.econbiz.de/10012603512
Open banking schemes provide consumers with more choice and new financial products and services through the use of technology, particularly application programing interfaces (API's). The main objective of this paper is to provide guidance on how to implement consumer consent protocols to access...
Persistent link: https://www.econbiz.de/10013209030
The 2008 financial crisis highlighted weaknesses in the risk management, control and governance processes of banks as well as in their statutory audit and financial supervision. This led to increased scrutiny of the respective roles and interactions of banking supervisors and external auditors...
Persistent link: https://www.econbiz.de/10012644792
The Financial Sector's Cybersecurity: Regulation and Supervision identifies prevalent concepts and practices and presents them in a way for financial sector authorities to consider and apply to their respective jurisdictions. Starting with the debate of whether cyber-specific regulations are...
Persistent link: https://www.econbiz.de/10012645257
This paper presents the main findings of the 2017 survey on national development banks that the World Bank conducted in collaboration with the World Federation of Development Financing Institutions. Sixty-four development banks from different parts of the world, mainly from middle-income...
Persistent link: https://www.econbiz.de/10012645292
The report analyzes the status of the Nigerian Microfinance Banks (MFBs) sector and aims to identify and address the challenges of its effective regulation and supervision. Ensuring the financial soundness of the MFB sector is regarded as a prerequisite for its further development. This report...
Persistent link: https://www.econbiz.de/10012645940
In recent years, as more and more regulators have begun to assume the role of supervision and oversight over credit bureau(s), the World Bank Group has supported supervisors in understanding and carrying out their duties as it relates to this role. The WBG has supported the development of the...
Persistent link: https://www.econbiz.de/10012647622
This Review was prepared at the request of the Bulgaria National Bank (BNB). It presents the setting and the circumstances for the development of governance policies and practices in the Bulgarian banking system and reviews the effect of existing governance policy and practices on the oversight...
Persistent link: https://www.econbiz.de/10012247485
In the aftermath of the 2007/08 financial crisis, and lacking sufficient coordinated guidelines or legislation, measures to address failing financial institutions in European Union (EU) Member States were taken at national level. In an effort to improve cross border coordination as well as to...
Persistent link: https://www.econbiz.de/10012247960
The Philippines has made an impressive progress in consumer protection in the banking sector, as shown by the wide range of laws and of regulatory instruments, their active use and enforcement, and by provision of complaint resolution services. The 2013 Global Survey on Financial Consumer...
Persistent link: https://www.econbiz.de/10012248506