Financial System Standards And Financial Stability

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Financial System Standards and Financial Stability

Mr.Dewitt Marston
Financial System Standards and Financial Stability Book PDF

Author : Mr.Dewitt Marston
Publisher : International Monetary Fund
Page : 36 pages
File Size : 41,6 Mb
Release : 2001-05-01
Category : Business & Economics
ISBN : 9781451964745

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Financial System Standards and Financial Stability by Mr.Dewitt Marston Pdf

The relationship between the observance of financial system standards and financial stability is complex owing to the multitude of macroeconomic and structural factors affecting stability. Therefore, assessments of standards in terms of technical criteria for compliance needs to be reinforced with additional information on other factors affecting risks in order to assess financial stability. Preliminary evidence from country data on observance of Basel Core Principles (BCPs) suggests that indicators of credit risk and bank soundness are primarily influenced by macroeconomic and macroprudential factors and that the direct influence of compliance with Basel Core Principles on credit risk and soundness is insignificant. BCP compliance could, however, influence risk and soundness indirectly through its influence on the impact of other macro variables.

Canada

International Monetary Fund. Monetary and Capital Markets Department
Canada Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 85 pages
File Size : 53,7 Mb
Release : 2019-06-24
Category : Business & Economics
ISBN : 9781498322089

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Canada by International Monetary Fund. Monetary and Capital Markets Department Pdf

This Financial System Stability Assessment paper discusses that Canada has enjoyed favorable macroeconomic outcomes over the past decades, and its vibrant financial system continues to grow robustly. However, macrofinancial vulnerabilities—notably, elevated household debt and housing market imbalances—remain substantial, posing financial stability concerns. Various parts of the financial system are directly exposed to the housing market and/or linked through housing finance. The financial system would be able to manage severe macrofinancial shocks. Major deposit-taking institutions would remain resilient, but mortgage insurers would need additional capital in a severe adverse scenario. Housing finance is broadly resilient, notwithstanding some weaknesses in the small non-prime mortgage lending segment. Although banks’ overall capital buffers are adequate, additional required capital for mortgage exposures, along with measures to increase risk-based differentiation in mortgage pricing, would be desirable. This would help ensure adequate through-the cycle buffers, improve mortgage risk-pricing, and limit procyclical effects induced by housing market corrections.

Global Financial Regulation

Howard Davies,David Green
Global Financial Regulation Book PDF

Author : Howard Davies,David Green
Publisher : John Wiley & Sons
Page : 180 pages
File Size : 52,5 Mb
Release : 2013-05-08
Category : Business & Economics
ISBN : 9780745655888

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Global Financial Regulation by Howard Davies,David Green Pdf

As international financial markets have become more complex, so has the regulatory system which oversees them. The Basel Committee is just one of a plethora of international bodies and groupings which now set standards for financial activity around the world, in the interests of protecting savers and investors and maintaining financial stability. These groupings, and their decisions, have a major impact on markets in developed and developing countries, and on competition between financial firms. Yet their workings are shrouded in mystery, and their legitimacy is uncertain. Here, for the first time, two men who have worked within the system describe its origins and development in clear and accessible terms. Howard Davies was the first Chairman of the UK's Financial Services Authority, the single regulator for the whole of Britain's financial sector. David Green was Head of International Policy at the FSA, after spending thirty years in the Bank of England, and has been closely associated with the development of the current European regulatory arrangements. Now with a revised and updated introduction, which catalogues the changes made since the credit crisis erupted, this guide to the international system will be invaluable for regulators, financial market practitioners and for students of the global financial system, wherever they are located. The book shows how the system has been challenged by new financial instruments and by new types of institutions such as hedge funds and private equity. Furthermore, the growth in importance of major developing countries, who were excluded for far too long from the key decision-making for a has led to a major overhaul. The guide is essential reading for all those interested in the development of financial markets and the way they are regulated. The revised version is only available in paperback.

Colombia

International Monetary Fund. Monetary and Capital Markets Department
Colombia Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 87 pages
File Size : 50,7 Mb
Release : 2013-02-22
Category : Business & Economics
ISBN : 9781475530919

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Colombia by International Monetary Fund. Monetary and Capital Markets Department Pdf

In this paper, the structure of Colombia’s financial sector is analyzed and various risks of the financial sector are studied. Supervision of the financial system can be performed by supervisory architecture, banking supervision, various securities, and insurance policies. Systemic liquidity provision, deposit insurance, and bank resolution form the financial safety net. Finally, financial stability and macroprudential framework have been discussed. Macroprudential tools and policies are also explained in detail.

Colombia

International Monetary Fund. Monetary and Capital Markets Department
Colombia Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 87 pages
File Size : 53,8 Mb
Release : 2013-02-22
Category : Business & Economics
ISBN : 9781475525366

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Colombia by International Monetary Fund. Monetary and Capital Markets Department Pdf

In this paper, the structure of Colombia’s financial sector is analyzed and various risks of the financial sector are studied. Supervision of the financial system can be performed by supervisory architecture, banking supervision, various securities, and insurance policies. Systemic liquidity provision, deposit insurance, and bank resolution form the financial safety net. Finally, financial stability and macroprudential framework have been discussed. Macroprudential tools and policies are also explained in detail.

Financial System Standards and Financial Stability

V. Sundararajan
Financial System Standards and Financial Stability Book PDF

Author : V. Sundararajan
Publisher : Unknown
Page : 35 pages
File Size : 43,8 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:1291216781

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Financial System Standards and Financial Stability by V. Sundararajan Pdf

The relationship between the observance of financial system standards and financial stability is complex owing to the multitude of macroeconomic and structural factors affecting stability. Assessments of standards need to be interpreted using information on other factors affecting risks. Preliminary evidence from data on observance of Basel Core Principles (BCP) suggests that credit risk and bank soundness are primarily influenced by macroeconomic and macroprudential factors and that direct influence of compliance with BCP on credit risk and soundness is insignificant. Compliance could, however, have a sizable indirect influence through its impact on the marginal effect on soundness of macro factors.

Financial System Standards and Financial Stability: the Case of Basel Core Principles

David Marston
Financial System Standards and Financial Stability the Case of Basel Core Principles Book PDF

Author : David Marston
Publisher : Unknown
Page : 36 pages
File Size : 43,6 Mb
Release : 2001-05-01
Category : Bank examination
ISBN : 1283554453

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Financial System Standards and Financial Stability: the Case of Basel Core Principles by David Marston Pdf

The relationship between the observance of financial system standards and financial stability is complex owing to the multitude of macroeconomic and structural factors affecting stability. Therefore, assessments of standards in terms of technical criteria for compliance needs to be reinforced with additional information on other factors affecting risks in order to assess financial stability. Preliminary evidence from country data on observance of Basel Core Principles (BCPs) suggests that indicators of credit risk and bank soundness are primarily influenced by macroeconomic and macroprudential factors and that the direct influence of compliance with Basel Core Principles on credit risk and soundness is insignificant. BCP compliance could, however, influence risk and soundness indirectly through its influence on the impact of other macro variables.

Mexico

International Monetary Fund
Mexico Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 81 pages
File Size : 43,7 Mb
Release : 2001-10-25
Category : Business & Economics
ISBN : 9781451825602

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Mexico by International Monetary Fund Pdf

This report reviews the main laws and regulations governing the Mexican financial system, and analyzes the financial system stability in Mexico. The study assesses the implementation of macroeconomic policies, the process of bank restructuring and consolidation, and sectoral and infrastructure factors. The paper also highlights the Observance of the Code of Good Practices on Transparency in Monetary and Financial Policies; Systemically Important Payment Systems; Basel Core Principle for Effective Banking Supervision; Insurance Supervisory Principles; and Objectives and Principles of Securities Regulation.

The Road to International Financial Stability

B. Schneider
The Road to International Financial Stability Book PDF

Author : B. Schneider
Publisher : Springer
Page : 247 pages
File Size : 50,9 Mb
Release : 2003-11-30
Category : Political Science
ISBN : 9780230524378

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The Road to International Financial Stability by B. Schneider Pdf

After the crisis in emerging market economies in the mid-late 1990s, the adoption of internationally recognised standards, or codes of good practice, was seen as a way to help strengthen the international financial system. This volume examines whether the standards and codes exercise can make a meaningful contribution to global financial stability and examines the developing country perspective. It takes the first steps in answering some of the open questions in the field.

Crisis and Reform

Rohinton P. Medhora,Dane Rowlands
Crisis and Reform Book PDF

Author : Rohinton P. Medhora,Dane Rowlands
Publisher : McGill-Queen's Press - MQUP
Page : 268 pages
File Size : 53,8 Mb
Release : 2016-10-17
Category : Political Science
ISBN : 9781928096528

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Crisis and Reform by Rohinton P. Medhora,Dane Rowlands Pdf

The financial crisis that erupted in 2008 severely affected the global economy, plunging most countries into a recession with aftershocks still being felt today. Canada was able to weather the crisis well in comparison to many euro-zone countries and the United States, but it did not escape unscathed. Two major themes are explored in this volume: Canada’s role in the international financial system and the Canadian policy response to the global financial crisis. These themes are examined in light of the shift from the classical gold standard to Bretton Woods to the “non-system” of late, the finance-trade crossover agenda, the changing role of central banks, the European Monetary Union, developing countries and a post-financial crisis global political economy. What becomes clear in this volume is that Canada plays a powerful role, which belies its size, in the development of the financial system and its regulation at an international level. Crisis and Reform: Canada and the International Financial System — the 28th volume of the influential Canada Among Nations series — examines the global financial crisis through Canada’s historical and current role in the international financial system. Canada has been held up as a shining example of good governance during the financial crisis, and its prominent role within international financial institutions should grow as Canada continues as a leading player in the global financial system.

From Crisis to Crisis

Ross P. Buckley,Douglas W. Arner
From Crisis to Crisis Book PDF

Author : Ross P. Buckley,Douglas W. Arner
Publisher : Kluwer Law International B.V.
Page : 362 pages
File Size : 46,8 Mb
Release : 2011-01-01
Category : Business & Economics
ISBN : 9789041133540

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From Crisis to Crisis by Ross P. Buckley,Douglas W. Arner Pdf

The global financial system has proven increasingly unstable and crisis-prone since the early 1980s. The system has failed to serve either creditors or debtors well. This has been reinforced by the global financial crisis of 2008, where we have seen systemic weaknesses bring rich countries to the brink of bankruptcy and visit appalling suffering on the poorest citizens of poor countries. Yet the regulatory responses to this crisis have involved little thinking from outside the box in which the crisis was delivered to the world. This book presents a powerful indictment of this regulatory failure and calls for greatly increased attention to international financial law and analyses new regulatory measures with the potential to make a new recognition of the principles that ought to underlie it. Using a historical approach that compares the various financial crises of the past three decades, the authors clearly show how misconceived economic policy responses have paved the way for each next 'crash'. Among the numerous topics that arise in the course of this revealing analysis are the following: overvalued exchange rates; excess liquidity in rich countries; premature liberalisation of local financial markets; capital controls; derivatives markets; accounting standards; credit ratings and the conflicts in the role of credit rating agencies; investor protection arrangements; insurance companies; and payment, clearing and settlement activities. The authors offer detailed commentary on: the role of multilateral development banks, the IMF and the WTO in responding to crises; the role of the Basel Accords, the Financial Stability Forum and Board, and the responses of the European Commission, the US, and the G20 to the most recent crisis. The book concludes by exploring systemic game-changing reforms such as bank levies, financial activities taxes and financial transaction taxes, and a global sovereign bankruptcy regime; as well as measures to remove the currency mismatches from the balance sheets of developing countries. Apart from its great usefulness as a detailed introduction to the international financial system and its regulation, the book is enormously valuable for its clear identification of the areas of regulatory failure, and its analysis of new regulatory approaches that offer the potential for a genuinely more stable system. Banking and investment policymakers at every level, the lawyers that serve these markets and the regulators that seek to regulate them, cannot afford to neglect this book.

The Stability of Islamic Finance

Hossein Askari,Zamir Iqbal,Noureddine Krichenne,Abbas Mirakhor
The Stability of Islamic Finance Book PDF

Author : Hossein Askari,Zamir Iqbal,Noureddine Krichenne,Abbas Mirakhor
Publisher : John Wiley & Sons
Page : 249 pages
File Size : 50,8 Mb
Release : 2011-11-09
Category : Business & Economics
ISBN : 9781118178935

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The Stability of Islamic Finance by Hossein Askari,Zamir Iqbal,Noureddine Krichenne,Abbas Mirakhor Pdf

The Stability of Islamic Finance main focus is on the question of the sources of financial instability which seems inherent in the conventional system. As a core component of this focus, the book will consider episodes of turbulence and instability in a historical context recalling the occurrence of such events from mid-19th century to the present. It will present various theoretical explanations along with solutions and alternative financial systems that avoid instability provided by various scholars dating back to mid-19th century to present. The book then will present and discuss the architecture of an Islamic financial system and show that at its core, this system shares many characteristics of an stable financial system proposed by Western scholars throughout history to avoid the inherent instability of the present dominant system. Particular emphasis will be placed on the present financial crisis and its causes as well the financial crisis of the 1997 in Southeast Asia, Russia, and Latin America relating these episodes to the fundamental features of the dominant system. The debt crisis of the low income countries will also be part of this discussion. It will then argue that these crises could be mitigated under an Islamic system or any other system with similar architecture.

People's Republic of China

International Monetary Fund
People s Republic of China Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 126 pages
File Size : 52,9 Mb
Release : 2011-11-14
Category : Business & Economics
ISBN : 9781463924546

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People's Republic of China by International Monetary Fund Pdf

This report discusses the IMF/World Bank Financial Sector Assessment Program (FSAP) exercise for China undertaken during June–December 2010. The assessment concluded that reforms in China have progressed well in moving toward a more commercially oriented financial system. Despite success and rapid growth, China’s financial sector is confronting several near-term risks, structural challenges, and policy-induced distortions. A properly composed and timely implemented set of reforms would help address these challenges. A framework to resolve weak financial institutions on a timely basis is also needed.

People’s Republic of China––Hong Kong Special Administrative Region: Financial System Stability Assessment

International Monetary Fund. Monetary and Capital Markets Department
People s Republic of China Hong Kong Special Administrative Region Financial System Stability Assessment Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 44 pages
File Size : 53,6 Mb
Release : 2014-05-22
Category : Business & Economics
ISBN : 9781498306706

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People’s Republic of China––Hong Kong Special Administrative Region: Financial System Stability Assessment by International Monetary Fund. Monetary and Capital Markets Department Pdf

This Financial System Stability Assessment report on Hong Kong Special Administrative Region (HKSAR) highlights that HKSAR’s financial sector is very well regulated, with the capacity to withstand a diversity of shocks. The sector, however, faces major risks, which puts a significant premium on effective liquidity management, macroprudential oversight, and microprudential supervision. The regulation and supervision framework of the financial sector is of a high caliber, and displays a high level of compliance with international standards, but there remains scope for further strengthening. Financial market infrastructures are highly sophisticated, but further enhancements are needed to fully comply with new international standards.

Republic of Poland

International Monetary Fund
Republic of Poland Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 75 pages
File Size : 41,5 Mb
Release : 2001-06-18
Category : Business & Economics
ISBN : 9781451831894

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Republic of Poland by International Monetary Fund Pdf

This report on Financial System Stability Assessment analyzes the financial sector issues, the regulatory and supervisory framework, macroeconomic risks, and the soundness of the financial system of Poland. This paper also describes the assessments of the banking, insurance, and securities regulations, and of the systemically important payment systems, as well as an assessment of the observance of the code of good practices on transparency of monetary and financial policies, and the great progress made in assimilating international best standards and practices.