Showing 1 - 10 of 1,281
The increased presence of foreign banks in a country's domestic banking system necessitates the development of … challenges which foreign banks bring to emerging market banking supervisors are also discussed. The paper also provides surveys …
Persistent link: https://www.econbiz.de/10005253006
The purpose of this paper is to study the origins of banking crises in sub-Saharan Africa, drawing upon the experience … these crises. The conclusions underscore that the banking crises examined did not represent an entirely special case … several of their features were nonetheless specific to this part of the world. These banking crises were the very prototype of …
Persistent link: https://www.econbiz.de/10005769085
This study looks at the first two years of the banking crisis that erupted in Indonesia in late 1997. It finds that the … banking sector was weak at the outset, and that governance problems intensified the crisis and seriously delayed its … in the costs of resolution. By end-1999, the critical elements to reconstruct the banking system were in place, and the …
Persistent link: https://www.econbiz.de/10005826629
The paper considers the generic arguments for and against the creation of a unified regulatory agency, covering each of the main types of financial institutions (banks, insurers and securities firms). The strongest arguments for unification are the enhanced oversight of financial conglomerates...
Persistent link: https://www.econbiz.de/10005599474
In June 2009 a new financial supervisory framework for the European Union (EU) was endorsed, consisting of a macro- and a micro-prudential pillar. The latter is composed of a Steering Committee, a supranational layer and a network of national supervisory authorities at the bottom, de facto...
Persistent link: https://www.econbiz.de/10008528688
A review of the experience of five developing countries in reforming their financial systems illustrates the benefits and risks, and provides lessons on the factors which contribute to successful financial sector reforms. Financial sector reforms need to be supported by active monetary policy,...
Persistent link: https://www.econbiz.de/10005825950
The paper presents a supervisory framework that addresses the vulnerabilities of partially dollarized banking systems …
Persistent link: https://www.econbiz.de/10005605319
The paper's central theme is that where a financial crisis emerges, regional supervisors should have systems in place to effectively respond to their country-specific crises and-in the case of foreign operations and financial conglomerates-to collaborate comprehensively with other supervisory...
Persistent link: https://www.econbiz.de/10005604784
A survey of the financial systems of Caribbean countries reveals systems dominated by banks, with services widely available. Jamaica is the only country to have experienced a financial crisis. The paper describes recent improvements in the regulatory framework, and examines factors, which affect...
Persistent link: https://www.econbiz.de/10005768880
This paper considers the implementation challenges facing the Basel Committee’s new proposals on bank capital standards. When compared with the existing Capital Accord, the proposals represent a shift across two intersecting dimensions—regulatory versus economic capital, and rules-based...
Persistent link: https://www.econbiz.de/10005768910