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From the 2002 Financial Sector Assessment Program (FSAP), a number of structural reforms have been carried out in the financial system. A number of measures have been taken in the regulatory, fiscal, and legal areas to improve credit quality and financial transparency. The stress test confirms...
Persistent link: https://www.econbiz.de/10011244664
This paper discusses the current state of Swedish implementation of the Basel Core Principles for Effective Banking Supervision (BCP). The banking supervisory framework and its implementation in Sweden are in line with many of Basel Core Principles’ essential criteria. However, the...
Persistent link: https://www.econbiz.de/10011245692
This paper discusses key findings of the Detailed Assessment of Observance of the Basel Core Principles for Denmark. The assessment reveals that the basic legal framework is contained in the Financial Business Act (FBA), and in executive orders and explanatory guidelines issued pursuant to the...
Persistent link: https://www.econbiz.de/10011243017
A detailed assessment of Israel’s compliance with the Basel Core Principles for effective banking supervision is presented. The Bachar reform that has been started in mid-2005 forced banks to divest most noncommercial banking activities, such as mutual funds, insurance, pension, and...
Persistent link: https://www.econbiz.de/10011243258
The Compliance of the Basel Core Principles welcomes the assessors’ recognition of the overall quality and effectiveness of Cyprus’s banking regulatory and supervisory framework in place, and the resulting high degree of compliance with the Basel Core Principles. Regulation has to...
Persistent link: https://www.econbiz.de/10011243933
This technical note presents a comparative analysis of the Danish Mortgage Market. It discusses the particularities of … the regulatory framework of the Danish mortgage system. The note compares and contrasts mortgage financing in Denmark and … evolutions, which could have potentially far-reaching consequences for the Danish mortgage system, are elaborated. The note also …
Persistent link: https://www.econbiz.de/10011245042
Persistent link: https://www.econbiz.de/10009626813
This Technical Note discusses key findings of the insolvency and creditor rights assessment for Lithuania. Lithuania has made significant progress in the field of creditor rights legislation and related institutions. Under the current legal framework, the creation and registration of secured...
Persistent link: https://www.econbiz.de/10011245697
This paper discusses key findings of the Detailed Assessment of Basel Core Principles for Effective Banking Supervision on Austria. Since the outbreak of the financial crisis, some Austrian credit institutions had to be nationalized as an ad hoc measure to prevent contagion effects and to...
Persistent link: https://www.econbiz.de/10011244459
This paper discusses key findings of the Financial System Stability Assessment on the Basel Core Principles for Effective Banking Supervision, the Committee for Payment and Settlement Systems (CPSS) Core Principles for Systemically Important Payment Systems, and IMF Monetary and Financial Policy...
Persistent link: https://www.econbiz.de/10011244726