Financial Regulation And Supervision

Author : Eddy Wymeersch,Klaus J. Hopt,Guido Ferrarini
Publisher : OUP Oxford
Page : 659 pages
File Size : 46,9 Mb
Release : 2012-08-16
Category : Law
ISBN : 9780191636653

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Financial Regulation and Supervision by Eddy Wymeersch,Klaus J. Hopt,Guido Ferrarini Pdf

This comprehensive account of financial regulation and supervision in times of crisis analyses the complex changes under way regarding the new financial regulatory structures in the EU. Focusing on the organisation of financial supervision, it deals with the background to the reforms, the architecture of the regulatory system, the likely implications for the financial institutions and the challenge of international co-operation. Changes in the US have been heavily criticised and in Europe a brand new regulatory system with three new regulatory agencies and a systemic risk board has been developed. National systems are in the process of being updated. International cooperation, although still difficult, has made progress, with the Financial Stability Board now acting on behalf of the G.20. Central bank cooperation has improved significantly and in the meantime, sectoral regulations are being adapted in full speed, such as Basel III, AIDMD, MiFID and many others. This book gives an overall view of these complex changes. The first section of the book provides an assessment of the reforms and considers the background to their making. In the section on regulatory structure there is analysis of the new regulatory bodies, their complex competences and actions. The book also takes a critical look at their likely effectiveness. The final section of the work considers the actual implementation of the new rules in a cross-border context.

Author : S. Eijffinger,Donato Masciandaro
Publisher : Edward Elgar Publishing
Page : 673 pages
File Size : 45,6 Mb
Release : 2011-01-01
Category : Business & Economics
ISBN : 9781849805766

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Handbook of Central Banking, Financial Regulation and Supervision by S. Eijffinger,Donato Masciandaro Pdf

ÔThis Handbook is a must read for policy makers and practitioners alike as well as excellent reading for advanced academic courses in international banking.Õ Ð Allard Bruinshoofd, SUERF ÔThis collection of papers is essential reading for anyone interested in central banking, regulation and supervision. Sylvester Eijffinger and Donato Masciandaro have brought together contributions from the leading academics, central bankers and regulators, providing the most up-to-date analysis of this critical subject.Õ Ð Paul Mizen, University of Nottingham, UK This stimulating and original Handbook offers an updated and systematic discussion of the relationship between central banks, financial regulation and supervision after the global financial crisis. The crisis has raised new questions about the compatibility of monetary and financial stability, which are changing the face of central banking and its relationships with the architecture of financial regulation and supervision. The Handbook explores on both the economics and political economy of the topic, in order to understand how and why reforms of the role of the central banks can be designed and implemented. The general suggestion is that future effectiveness of the central banking architecture will depend on its ability to ensure the consistency between the monetary actions in normal and extraordinary times. Consequently the possible paths in the central bank strategies and tactics, as well as in the classic concepts of independence, accountability and transparency, are analyzed and discussed. With chapters written by outstanding scholars in economics, this lucid Handbook will appeal to academics, policymakers and practitioners, ranging from central bankers and supervisory authorities to financial operators. Among the academics it would be of particular interest to financial and monetary economists (including postgraduate students), but the institutional slant and the central theme of relations between economics, institutional settings and politics will also be invaluable for political scientists.

Author : Panagiotis Delimatsis,Nils Herger
Publisher : Kluwer Law International B.V.
Page : 424 pages
File Size : 51,9 Mb
Release : 2011-04-01
Category : Law
ISBN : 9789041137647

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Financial Regulation at the Crossroads by Panagiotis Delimatsis,Nils Herger Pdf

This book brings outstanding expertise and provides insightful perspectives from nineteen authors with diverse backgrounds, including officials from international organizations, national regulators, and commercial banking, as well as academics in law, economics, political economy, and finance. The authors not only shed light on the causes of the financial turmoil, but also present thoughtful proposals that contribute to the future policy debate, and discuss opportunities that financial services can offer in funding activities which raise standards of living through initiatives in microfinance, renewable energy, and food distribution. The contributions to this volume tackle several of the thorniest issues of financial regulation in a post-crisis environment, such as: the mechanics of contagion within the financial system and the role of liquidity; moral hazard when large financial institutions are no longer subject to the disciplinary effects of bankruptcy; bank capital requirements; management compensation; design of bank resolution schemes; a function-centric versus institution-centric regulatory approach; subsidization and compatibility of stimulus packages with EU rules on state aid; trade finance and the role of the GATS prudential carve-out; and the role of financial services in promoting human rights or combating climate change.

Author : World Bank
Publisher : World Bank Publications
Page : 281 pages
File Size : 54,8 Mb
Release : 2019-11-22
Category : Business & Economics
ISBN : 9781464814969

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Global Financial Development Report 2019/2020 by World Bank Pdf

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 debates on financial regulation. Since the onset of the crisis, emphasis has been placed on better regulation of banking systems and on enhancing the tools available to supervisory agencies to oversee banks and intervene speedily in case of distress. Drawing on ten years of data and analysis, Global Financial Development Report 2019/2020 provides evidence on the regulatory remedies adopted to prevent future financial troubles, and sheds light on important policy concerns. To what extent are regulatory reforms designed with high-income countries in mind appropriate for developing countries? What has been the impact of reforms on market discipline and bank capital? How should countries balance the political and social demands for a safety net for users of the financial system with potentially severe moral hazard consequences? Are higher capital requirements damaging to the flow of credit? How should capital regulation be designed to improve stability and access? The report provides a synthesis of what we know, as well as areas where more evidence is still needed. Global Financial Development Report 2019/2020 is the fifth in a World Bank series. The accompanying website tracks financial systems in more than 200 economies before, during, and after the global financial crisis (http://www.worldbank.org/en/publication/gfdr) and provides information on how banking systems are regulated and supervised around the world (http://www.worldbank.org/en/research/brief/BRSS).

Author : James R. Barth,Gerard Caprio,Ross Levine
Publisher : World Bank Publications
Page : 92 pages
File Size : 42,8 Mb
Release : 2001
Category : Banking law
ISBN : 8210379456XXX

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The Regulation and Supervision of Banks Around the World by James R. Barth,Gerard Caprio,Ross Levine Pdf

This new and comprehensive database on the regulation and supervision of banks in 107 countries should better inform advice about bank ewgulation and supervision and lower the marginal cost of empirical research.

Author : James R. Barth,Jie Gan,Daniel E. Nolle
Publisher : Unknown
Page : 0 pages
File Size : 55,9 Mb
Release : 2009
Category : Banks and banking
ISBN : 1607413159

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Global Banking Regulation and Supervision by James R. Barth,Jie Gan,Daniel E. Nolle Pdf

The past two decades have witnessed both tremendous change and tremendous growth in the financial sector in countries across the globe. At the same time, however, many countries in the world have experienced banking crises, sometimes leading to costly bank failures and overall disruption in economic activity. The changes in the banking landscape and banking crises have focused policy makers' and industry participants' attention on the appropriate role and structure of banking supervision and regulation. As countries make different choices in these regards, it is useful to inquire if there are fundamental principles countries can follow to insure financial system stability and growth. This book does not presume to outline such principles, but it does take two necessary steps in that direction: first, it identifies basic issues in banking regulation and supervision; and second, it presents information on how countries around the globe have addressed these issues in their bank regulatory and supervisory schemes. The study draws on recent research and detailed cross-country data, including data from a new World Bank survey of bank regulation and supervision world-wide, to focus on some of the underlying reasons for and implications of developments in a variety of areas. These include the following: the nature and changing role of banks in promoting economic growth, development and stability; restrictions on the scope of banking activities and allowable ownership arrangements in which to conduct them; the structure and scope of bank regulatory and supervisory schemes; supervisory practices to promote safe and sound banks; market discipline and corporate governance in banking; international co-operation in regulation and supervision; offshore banking; potential disputes in banking arising from World Trade Organization membership; and deposit insurance schemes.

Author : Robin Hui Huang,Dirk Schoenmaker
Publisher : Routledge
Page : 284 pages
File Size : 48,8 Mb
Release : 2014-06-20
Category : Business & Economics
ISBN : 9781317910633

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Institutional Structure of Financial Regulation by Robin Hui Huang,Dirk Schoenmaker Pdf

In light of on-going global financial crises, the institutional structure of financial regulation is currently a subject of significant academic and practical interest. The financial crisis has called into question the adequacy of financial regulation at the national and supranational levels, and has instigated financial regulatory reforms in major markets overseas. This has included the enactment of the Dodd-Frank Act in the US, and the programme to split the Financial Services Authority in the UK. This book examines the institutional structure reform of financial regulation from a comparative perspective, exploring both fundamental theories and international experiences. The book explores the three main institutional structures of financial regulation in the world; the sectors-based model, adopted in the US, Mainland China and Hong Kong; the twin-peaks model with Australia and the Netherlands as its pioneers; and the single-regulator model as represented by the former Financial Services Authority in the UK and the Financial Services Agency in Japan. The book contains contributions from renowned experts in the field of financial regulation including Douglas Arner, Jeffrey Carmichael, Robin Hui Huang, Dirk Schoenmaker, and Michael Taylor, and will be of interest to students and researchers of banking and finance law, and comparative economics.

Author : David Mayes,Geoffrey E. Wood
Publisher : Routledge
Page : 464 pages
File Size : 52,6 Mb
Release : 2007-01-18
Category : Business & Economics
ISBN : 9781134123803

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The Structure of Financial Regulation by David Mayes,Geoffrey E. Wood Pdf

This book examines the area of financial regulation in the banking sector. Editors Mayes and Wood bring together such acadmics as Charles Goodhart, Charles Calomiris and Kern Alexander whose expertise shines through this volume to provide a reference tool for researchers, students and bankers themselves which will prove invaluable.

Author : Charles Goodhart,Philipp Hartmann,David T. Llewellyn,Liliana Rojas-Suarez,Steven Weisbrod
Publisher : Routledge
Page : 271 pages
File Size : 41,9 Mb
Release : 2013-04-15
Category : Business & Economics
ISBN : 9781135116316

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Financial Regulation by Charles Goodhart,Philipp Hartmann,David T. Llewellyn,Liliana Rojas-Suarez,Steven Weisbrod Pdf

Financial Regulation presents an important restatement of the purposes and objectives of financial regulation. The authors provide details and data on the scale, nature and costs of regulatory problems around the world, and look at what sort of countries and sectors require special attention and policies. Key topics covered include: * the need to recast the form of regulation * incentive structures for financial regulation * proportionality * new techniques for risk management * regulation in emerging countries * crisis management * prospects for financial regulation in the future.

Author : Ashraf Khan
Publisher : International Monetary Fund
Page : 56 pages
File Size : 43,5 Mb
Release : 2018-08-02
Category : Business & Economics
ISBN : 9781484372784

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A Behavioral Approach to Financial Supervision, Regulation, and Central Banking by Ashraf Khan Pdf

This paper describes how behavioral elements are relevant to financial supervision, regulation, and central banking. It focuses on (1) behavioral effects of norms (social, legal, and market); (2) behavior of others (internalization, identification, and compliance); and (3) psychological biases. It stresses that financial supervisors, regulators, and central banks have not yet realized the full potential that these behavioral elements hold. To do so, they need to devise a behavioral approach that includes aspects relating to individual and group behavior. The paper provides case examples of experiments with such an approach, including behavioral supervision. Finally, it highlights areas for further research.

Author : Richard J. Herring,Robert E. Litan
Publisher : Brookings Institution Press
Page : 236 pages
File Size : 55,7 Mb
Release : 1994-12-01
Category : Business & Economics
ISBN : 0815791550

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Financial Regulation in the Global Economy by Richard J. Herring,Robert E. Litan Pdf

In recent years, the major industrialized nations have developed cooperative procedures for supervising banks, harmonized their standards for bank capital requirements, and initiated cooperative understanding about securities market supervision. This book assesses what further coordination and harmonization in financial regulation will be required in an era of increased globalization. A volume of Brookings' Integrating National Economies Series

Author : A. Joanne Kellermann,Jakob de Haan,Femke de Vries
Publisher : Springer Science & Business Media
Page : 232 pages
File Size : 48,6 Mb
Release : 2014-07-08
Category : Business & Economics
ISBN : 9783642367335

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Financial Supervision in the 21st Century by A. Joanne Kellermann,Jakob de Haan,Femke de Vries Pdf

The financial crisis prompted financial supervisors to take a critical look at their own performance. The "toolkit" available to supervisors is considerably more varied than it was a few years ago. Supervision has become more forward-looking, taking into account also soft controls, such as ‘conduct and culture’, corporate governance, and business models of financial institutions. This collection of essays discusses several significant changes in supervision methods and supervisory organisations and examines what methods contribute to ‘good supervision’ and what can reasonably be expected of supervisors. The authors are experts in the field and most of them are affiliated to organisations responsible for financial supervision.

Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher : Unknown
Page : 332 pages
File Size : 41,7 Mb
Release : 2009
Category : Banking law
ISBN : PURD:32754081208864

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Modernizing Bank Supervision and Regulation by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs Pdf

Author : Donato Masciandaro,Marc Quintyn
Publisher : Edward Elgar Publishing
Page : 536 pages
File Size : 41,5 Mb
Release : 2007
Category : Banks and banking
ISBN : UCSD:31822034742411

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Designing Financial Supervision Institutions by Donato Masciandaro,Marc Quintyn Pdf

This book offers the first systematic discussion of a new and promising field: the economics of independence, accountability and governance of financial supervision institutions. For a long time the design of supervision had been an irrelevant issue, both in theory and practice. This perception changed dramatically in the mid-1990s, and over the past decade many countries have witnessed changes in the architecture of financial supervision. This book presents frameworks for analyzing the emerging supervisory architectures and sheds light on the different supervisory regimes, with a particular focus on the role of central banks. It takes a country-specific, comparative and empirical approach. Designing Financial Supervision Institutions will be an accessible reference tool for multidisciplinary scholars and academics (principally economics, but also politics and law), policymakers, regulators and supervisory institutions. All royalties from this book to go to the UK charity, NSPCC.

Author : Mark Jickling
Publisher : DIANE Publishing
Page : 40 pages
File Size : 45,9 Mb
Release : 2010-10
Category : Business & Economics
ISBN : 9781437927610

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Who Regulates Whom? by Mark Jickling Pdf

Federal financial regulation in the U.S. has evolved through a series of piecemeal responses to developments and crises in financial markets. This report provides an overview of current U.S. financial regulation: which agencies are responsible for which institutions and markets, and what kinds of authority they have. Contents: (1) Intro.; (2) Financial Crises, Regulatory Jurisdiction, and Systemic Risk; (3) Capital Requirements: Non-Bank Capital Requirements; (4) The Federal Financial Regulators: Banking Regulators; Non-Bank Financial Regulators; Regulatory Umbrella Groups; (5) Unregulated Markets and Institutions: Foreign Exchange Markets; U.S. Treasury Securities; OTC Derivatives; Private Securities Markets; Nonbank Lenders; Hedge Funds.