Making Banks Safer

Author : Mr.Julian T. S. Chow,Jay Surti
Publisher : International Monetary Fund
Page : 36 pages
File Size : 52,7 Mb
Release : 2011-10-01
Category : Business & Economics
ISBN : 9781463922023

Get Book

Making Banks Safer by Mr.Julian T. S. Chow,Jay Surti Pdf

This paper assesses proposals to redefine the scope of activities of systemically important financial institutions. Alongside reform of prudential regulation and oversight, these have been offered as solutions to the too-important-to-fail problem. It is argued that while the more radical of these proposals such as narrow utility banking do not adequately address key policy objectives, two concrete policy measures - the Volcker Rule in the United States and retail ring-fencing in the United Kingdom - are more promising while still entailing significant implementation challenges. A risk factor common to all the measures is the potential for activities identified as too risky for retail banks to migrate to the unregulated parts of the financial system. Since this could lead to accumulation of systemic risk if left unchecked, it appears unlikely that any structural engineering will lessen the policing burden on prudential authorities and on the banks.

Author : United States. Department of the Treasury
Publisher : Unknown
Page : 772 pages
File Size : 43,6 Mb
Release : 1991
Category : Banking law
ISBN : UIUC:30112099231885

Get Book

Modernizing the Financial System by United States. Department of the Treasury Pdf

Author : José Vinãls,Ceyla Pazarbasioglu,Jay Surti,Aditya Narain,Mrs.Michaela Erbenova,Mr.Julian T. S. Chow
Publisher : International Monetary Fund
Page : 27 pages
File Size : 54,5 Mb
Release : 2013-05-14
Category : Business & Economics
ISBN : 9781484340943

Get Book

Creating a Safer Financial System by José Vinãls,Ceyla Pazarbasioglu,Jay Surti,Aditya Narain,Mrs.Michaela Erbenova,Mr.Julian T. S. Chow Pdf

The U.S., the U.K., and more recently, the E.U., have proposed policy measures directly targeting complexity and business structures of banks. Unlike other, price-based reforms (e.g., Basel 3 and G-SIFI surcharges), these proposals have been developed unilaterally with material differences in scope, design and implementation schedules. This may exacerbate cross-border regulatory arbitrage and put a further burden on consolidated supervision and cross-border resolution. This paper provides an analysis of the potential implications of implementing different structural policy measures. It proposes a pragmatic and coordinated approach to development of these policies to reduce risk of regulatory arbitrage and minimize unintended consequences. In doing so, it also aims to identify a set of common policy measures that countries could adopt to re-scope bank business models and corporate structures.

Author : Mr.Anil Ari,Matthieu Darracq-Paries,Christoffer Kok,Dawid Zochowski
Publisher : International Monetary Fund
Page : 64 pages
File Size : 55,8 Mb
Release : 2017-12-22
Category : Business & Economics
ISBN : 9781484335376

Get Book

Shadow Banking and Market Discipline on Traditional Banks by Mr.Anil Ari,Matthieu Darracq-Paries,Christoffer Kok,Dawid Zochowski Pdf

We present a model in which shadow banking arises endogenously and undermines market discipline on traditional banks. Depositors' ability to re-optimize in response to crises imposes market discipline on traditional banks: these banks optimally commit to a safe portfolio strategy to prevent early withdrawals. With costly commitment, shadow banking emerges as an alternative banking strategy that combines high risk-taking with early liquidation in times of crisis. We bring the model to bear on the 2008 financial crisis in the United States, during which shadow banks experienced a sudden dry-up of funding and liquidated their assets. We derive an equilibrium in which the shadow banking sector expands to a size where its liquidation causes a fire-sale and exposes traditional banks to liquidity risk. Higher deposit rates in compensation for liquidity risk also weaken threats of early withdrawal and traditional banks pursue risky portfolios that may leave them in default. Policy interventions aimed at making traditional banks safer such as liquidity support, bank regulation and deposit insurance fuel further expansion of shadow banking but have a net positive impact on financial stability. Financial stability can also be achieved with a tax on shadow bank profits.

Author : Benjamin H. Cohen,Michela Scatigna
Publisher : Unknown
Page : 27 pages
File Size : 54,9 Mb
Release : 2014
Category : Bank capital
ISBN : 9291311448

Get Book

Banks and Capital Requirements by Benjamin H. Cohen,Michela Scatigna Pdf

Author : Mr.Luc Laeven,Mr.Lev Ratnovski,Mr.Hui Tong
Publisher : International Monetary Fund
Page : 34 pages
File Size : 40,7 Mb
Release : 2014-05-08
Category : Business & Economics
ISBN : 9781484363720

Get Book

Bank Size and Systemic Risk by Mr.Luc Laeven,Mr.Lev Ratnovski,Mr.Hui Tong Pdf

The proposed SDN documents the evolution of bank size and activities over the past 20 years. It discusses whether this evolution can be explained by economies of scale or “too big to fail” subsidies. The paper then presents evidence on the extent to which bank size and market-based activities contribute to systemic risk. The paper concludes with policy messages in the area of capital regulation and activity restrictions to reduce the systemic risk posed by large banks. The analysis of the paper complements earlier Fund work, including SDN 13/04 and the recent GFSR chapter on “too big to fail” subsidies, and its policy message is in line with this earlier work.

Author : Board of Governors of the Federal Reserve System
Publisher : Unknown
Page : 0 pages
File Size : 41,5 Mb
Release : 2002
Category : Banks and Banking
ISBN : 0894991965

Get Book

The Federal Reserve System Purposes and Functions by Board of Governors of the Federal Reserve System Pdf

Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Author : Allen Berger,Christa Bouwman
Publisher : Academic Press
Page : 294 pages
File Size : 44,6 Mb
Release : 2015-11-24
Category : Business & Economics
ISBN : 9780128005316

Get Book

Bank Liquidity Creation and Financial Crises by Allen Berger,Christa Bouwman Pdf

Bank Liquidity Creation and Financial Crises delivers a consistent, logical presentation of bank liquidity creation and addresses questions of research and policy interest that can be easily understood by readers with no advanced or specialized industry knowledge. Authors Allen Berger and Christa Bouwman examine ways to measure bank liquidity creation, how much liquidity banks create in different countries, the effects of monetary policy (including interest rate policy, lender of last resort, and quantitative easing), the effects of capital, the effects of regulatory interventions, the effects of bailouts, and much more. They also analyze bank liquidity creation in the US over the past three decades during both normal times and financial crises. Narrowing the gap between the "academic world" (focused on theories) and the "practitioner world" (dedicated to solving real-world problems), this book is a helpful new tool for evaluating a bank’s performance over time and comparing it to its peer group. Explains that bank liquidity creation is a more comprehensive measure of a bank’s output than traditional measures and can also be used to measure bank liquidity Describes how high levels of bank liquidity creation may cause or predict future financial crises Addresses questions of research and policy interest related to bank liquidity creation around the world and provides links to websites with data and other materials to address these questions Includes such hot-button topics as the effects of monetary policy (including interest rate policy, lender of last resort, and quantitative easing), the effects of capital, the effects of regulatory interventions, and the effects of bailouts

Author : Vanessa Le Leslé,Ms.Sofiya Avramova
Publisher : International Monetary Fund
Page : 50 pages
File Size : 44,8 Mb
Release : 2012-03-01
Category : Business & Economics
ISBN : 9781475502657

Get Book

Revisiting Risk-Weighted Assets by Vanessa Le Leslé,Ms.Sofiya Avramova Pdf

In this paper, we provide an overview of the concerns surrounding the variations in the calculation of risk-weighted assets (RWAs) across banks and jurisdictions and how this might undermine the Basel III capital adequacy framework. We discuss the key drivers behind the differences in these calculations, drawing upon a sample of systemically important banks from Europe, North America, and Asia Pacific. We then discuss a range of policy options that could be explored to fix the actual and perceived problems with RWAs, and improve the use of risk-sensitive capital ratios.

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
Page : 60 pages
File Size : 55,7 Mb
Release : 2012-03-14
Category : Business & Economics
ISBN : 9781451922141

Get Book

Finance & Development, March 2012 by International Monetary Fund. External Relations Dept. Pdf

Young people, hardest hit by the global economic downturn, are speaking out and demanding change. F&D looks at the need to urgently address the challenges facing youth and create opportunities for them. Harvard professor David Bloom lays out the scope of the problem and emphasizes the importance of listening to young people in "Youth in the Balance." "Making the Grade" looks at how to teach today's young people what they need to get jobs. IMF Deputy Managing Director, Nemat Shafik shares her take on the social and economic consequences of youth unemployment in our "Straight Talk" column. "Scarred Generation" looks at the effects the global economic crisis had on young workers in advanced economies, and we hear directly from young people across the globe in "Voices of Youth." Renminbi's rise, financial system regulation, and boosting GDP by empowering women. Also in the magazine, we examine the rise of the Chinese currency, look at the role of the credit rating agencies, discuss how to boost the empowerment of women, and present our primer on macroprudential regulation, seen as increasingly important to financial stability. People in economics - C. Fred Bergsten, American Globalist. Back to basics - The multi-dimensional role of banks in our financial systems.

Author : Anonim
Publisher : Lulu.com
Page : 294 pages
File Size : 49,5 Mb
Release : 2004
Category : Bank capital
ISBN : 9789291316694

Get Book

International Convergence of Capital Measurement and Capital Standards by Anonim Pdf

Author : Anat Admati,Martin Hellwig
Publisher : Princeton University Press
Page : 624 pages
File Size : 45,8 Mb
Release : 2024-01-09
Category : Business & Economics
ISBN : 9780691251707

Get Book

The Bankers’ New Clothes by Anat Admati,Martin Hellwig Pdf

A Wall Street Journal, Financial Times, and Bloomberg Businessweek Book of the Year Why our banking system is broken—and what we must do to fix it New bank failures have been a rude awakening for everyone who believed that the banking industry was reformed after the Global Financial Crisis—and that we’d never again have to choose between massive bailouts and financial havoc. The Bankers’ New Clothes uncovers just how little things have changed—and why banks are still so dangerous. Writing in clear language that anyone can understand, Anat Admati and Martin Hellwig debunk the false and misleading claims of bankers, regulators, politicians, academics, and others who oppose effective reform, and they explain how the banking system can be made safer and healthier. Thoroughly updated for a world where bank failures have made a dramatic return, this acclaimed and important book now features a new preface and four new chapters that expose the shortcomings of current policies and reveal how the dominance of banking even presents dangers to the rule of law and democracy itself.

Author : Charles W. Calomiris,Stephen H. Haber
Publisher : Princeton University Press
Page : 584 pages
File Size : 42,9 Mb
Release : 2015-08-04
Category : Business & Economics
ISBN : 9780691168357

Get Book

Fragile by Design by Charles W. Calomiris,Stephen H. Haber Pdf

Why stable banking systems are so rare Why are banking systems unstable in so many countries—but not in others? The United States has had twelve systemic banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and Haber combine political history and economics to examine how coalitions of politicians, bankers, and other interest groups form, why they endure, and how they generate policies that determine who gets to be a banker, who has access to credit, and who pays for bank bailouts and rescues. Fragile by Design is a revealing exploration of the ways that politics inevitably intrudes into bank regulation.

Author : Peggy Gregory,Casper Lassenius,Xiaofeng Wang,Philippe Kruchten
Publisher : Springer Nature
Page : 211 pages
File Size : 45,6 Mb
Release : 2021-06-09
Category : Computers
ISBN : 9783030780982

Get Book

Agile Processes in Software Engineering and Extreme Programming by Peggy Gregory,Casper Lassenius,Xiaofeng Wang,Philippe Kruchten Pdf

This open access book constitutes the proceedings of the 22nd International Conference on Agile Software Development, XP 2021, which was held virtually during June 14-18, 2021. XP is the premier agile software development conference combining research and practice. It is a unique forum where agile researchers, practitioners, thought leaders, coaches, and trainers get together to present and discuss their most recent innovations, research results, experiences, concerns, challenges, and trends. XP conferences provide an informal environment to learn and trigger discussions and welcome both people new to agile and seasoned agile practitioners. This year’s conference was held with the theme “Agile Turns Twenty While the World Goes Online”. The 11 full and 2 short papers presented in this volume were carefully reviewed and selected from 38 submissions. They were organized in topical sections named: agile practices; process assessment; large-scale agile; and short contributions.

Author : E.St. E. Lewis
Publisher : Рипол Классик
Page : 447 pages
File Size : 52,9 Mb
Release : 1908
Category : History
ISBN : 9785876844576

Get Book

Financial advertising, for commercial and savings banks, trust, title insurance, and safe deposit companies, investment houses by E.St. E. Lewis Pdf