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The Financial Sector Reforms Commission (FSLRC) which was set up in 2011 by the Ministry of Finance was mandated to study existing legislation and financial sector regulatory practices in India and to propose improvements. The FSLRC submitted its report in 2013 and four of its members recorded...
Persistent link: https://www.econbiz.de/10011483647
This paper studies the relationship between the riskiness of banks' assets and their average risk weight. Banks' initial risk weights explain about half of the variation in projected credit losses in the 2018 European Banking Authority stress test. In contrast to related papers, this paper also...
Persistent link: https://www.econbiz.de/10012123223
This occasional paper describes how the financial stability and macroprudential policy functions are organised at the ECB. Financial stability has been a key policy function of the ECB since its inception. Macroprudential policy tasks were later conferred on the ECB by the Single Supervisory...
Persistent link: https://www.econbiz.de/10012033308
This paper investigates the impact of regulatory stress test framework in the European Union on the banks conduct and portfolio adjustments. Our findings suggest that the banks subject to regulatory stress testing tend to structure their portfolios with lower risk density. However this does not...
Persistent link: https://www.econbiz.de/10012107780
The Regulation on the Single Supervisory Mechanism mandates the European Central Bank to exercise prudential supervision on the banks located in the Euro area, whether directly by the Bank’s own services for the significant banks, or indirectly by the national prudential supervisors but under...
Persistent link: https://www.econbiz.de/10011589109
In March 2012 a conference, organised jointly by the ICFR and SUERF, on "Future Risks and Fragilities for Financial Stability", explored what the next pressure points for financial stability might be, how these may arise from the response to the last financial crisis, and how the industry and...
Persistent link: https://www.econbiz.de/10011711486
Supervision (BCPs). While the PRC has incorporated many sound practices advocated by the BCPs, there are quite a few areas where …This paper discusses the banking regulatory and supervisory practices in People's Republic of China (PRC) with … product level, prescriptive rules, and guidance for risk management. Broadly speaking, the PRC adopts a rules-based approach …
Persistent link: https://www.econbiz.de/10008907802
This paper explores the advantages of a new financial charter for large, complex, internationally active financial institutions that would address the corporate governance challenges of such organizations, including incentive problems in risk decisions and the complicated corporate and...
Persistent link: https://www.econbiz.de/10008657240
A fundamental conclusion drawn from the recent financial crisis is that the supervision and regulation of financial firms in isolation — a purely microprudential perspective — are not sufficient to maintain financial stability. Rather, a macroprudential perspective, which evaluates and...
Persistent link: https://www.econbiz.de/10003948196
Risk characteristics of the Korean financial market have changed dramatically during the decade following the financial crisis in 1997. First of all, credit risk in the large corporate sector has decreased significantly after turmoil in the corporate bond market in 1999 and 2000. Second, credit...
Persistent link: https://www.econbiz.de/10003749384