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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
Policy-makers have attributed the scale of the credit crisis and its profound impact on money markets (as well as financial sector stability) to the fast rise of securitization and the way it has arguably complicated both the conduct of monetary policy and the effect of interest rate...
Persistent link: https://www.econbiz.de/10005263753
past two decades. It finds that (i) mortgage markets have experienced rapid development, which has led to lower private per …
Persistent link: https://www.econbiz.de/10008561070
The rapid mortgage credit growth experienced in recent years in mature and emerging countries has raised some stability … mortgage covered bonds. From the issuer's perspective, these instruments have become an attractive funding source and a tool … mortgage portfolio. Our analysis also suggests that mortgage covered bonds could be of interest to other mature and emerging …
Persistent link: https://www.econbiz.de/10005826294
Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention following the global financial crisis. This paper documents the characteristics of housing cycles in a large set of countries, and examines the determinants of house price movements....
Persistent link: https://www.econbiz.de/10010790415