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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
This report identifies and assesses relevant physical and transition risks with focus on the banking sector. Banks …-related financial risks, such as foreign banks, insurance companies, and asset managers. Insurance companies and asset managers are …, however, not part of this report. The scope of our analysis includes both physical risks (that is, those emanating from …
Persistent link: https://www.econbiz.de/10012817541
-related financial risks can be broadly grouped into two categories: (i) climate physical risks, which are financial risks stemming from … the ongoing severe drought event and recent floods), and (ii) climate transition risks, which are financial risks that can … sentiment. The purpose of this report is to better understand the impact of these climate risks on Morocco's banking sector …
Persistent link: https://www.econbiz.de/10014553830
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 report provides an assessment of the current state of development of financial safety nets and bank resolution frameworks in eight countries in southern Africa (Botswana, Eswatini [formerly Swaziland], Lesotho, Mozambique, Namibia, South Africa, Zambia, and Zimbabwe). It has been prepared...
Persistent link: https://www.econbiz.de/10012646076
This report is a stock-take of the state of prudential regulation and supervision of fintech. It focuses on prudential questions related to three primary products-transaction accounts (deposits and e-money accounts), credit, and payments. As such, the report covers e-money providers, P2P...
Persistent link: https://www.econbiz.de/10012646858
The paper will focus on the resolution frameworks of a sample of 12 countries taken from 6 regions. The review of the sample countries is used to analyze issues that may be relevant for other countries and to discuss potential challenges faced in implementing effective safeguards. The remainder...
Persistent link: https://www.econbiz.de/10012647173
The 2007 financial crisis has exposed major weaknesses in global financial systems, including the threat to financial stability posed by banks that were too big, interconnected and complex to be closed or go bankrupt. As a result, many banks have been rescued using public support, allowing for...
Persistent link: https://www.econbiz.de/10012247959
During Myanmar's decade of reforms, financial sector reforms were widely recognized to be a critical underpinning of Myanmar's democratization process, enabling the transition to a more egalitarian, accessible economy. Accordingly, the government developed a program of wide-ranging financial...
Persistent link: https://www.econbiz.de/10013414010
The economy continues to contract, albeit at a somewhat slower pace. Public finances improved in 2021, but only because spending collapsed faster than revenue generation. Testament to the continued atrophy of Lebanon's economy, the Lebanese Pound continues to depreciate sharply. The sharp...
Persistent link: https://www.econbiz.de/10013538293