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This paper introduces a new global database and a policy classification framework that records the financial sector policy response to the COVID-19 pandemic across 154 jurisdictions. It documents that authorities around the world have taken a diverse array of measures to mitigate financial...
Persistent link: https://www.econbiz.de/10012434630
"Over a decade has passed since the collapse of the U.S. investment bank Lehman Brothers marked the onset of the largest global economic crisis since the Great Depression. The crisis revealed major shortcomings in market discipline, regulation, and supervision, and reopened important policy...
Persistent link: https://www.econbiz.de/10012644246
Financial Cooperatives (FCs) are important providers of financial services to poor and middle-income people, and significant drivers of financial inclusion. Aside from their strong presence and relevance in developed economies, especially Europe and North America, the significance of financial...
Persistent link: https://www.econbiz.de/10012645740
An international cooperative effort has been focused on the need to reduce financial fragility and systemic risks in global financial markets. Work is proceeding in three different areas: enhancing financial market transparency, improving the international financial architecture, and...
Persistent link: https://www.econbiz.de/10012247855
Persistent link: https://www.econbiz.de/10012644898
longer term. The China Insurance Regulatory Commission (CIRC) has been undertaking far-reaching reforms and modernization … the solvency standards into a modern, risk-based approach. The China-Risk Oriented Solvency Standards (C-ROSS) draw on …
Persistent link: https://www.econbiz.de/10012644899
The China Banking Regulatory Commission (CBRC) has maintained its momentum in regulation and supervision in the face of … considerations. The China Banking Regulatory Commission (CBRC) has achieved a high degree of compliance with the Basel Core …
Persistent link: https://www.econbiz.de/10012644900
China's landscape for Financial Market Infrastructures (FMIs) is one of the largest and most complex in the world. It …
Persistent link: https://www.econbiz.de/10012645373
China has made significant progress in financial inclusion. High levels of account penetration, savings, and usage of … bankcard programs. Account penetration in China is quite high, with estimates ranging from over 80 to 90 percent, which …
Persistent link: https://www.econbiz.de/10012645374
2010 as part of the financial sector assessment program (FSAP) of China. The assessment was prepared on the basis of a self …-assessment prepared by the China Securities Regulatory Commission (CSRC), public information contained on the CSRC website and the … websites of other entities in China, and a review of relevant Chinese laws and regulations. The timely completion of this …
Persistent link: https://www.econbiz.de/10012248143