Transaction Banking And The Impact Of Regulatory Change
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Transaction Banking and the Impact of Regulatory Change by R. Wandhöfer Pdf
This book takes you on a journey through post-crisis regulatory reform, highlighting the unintended consequences of some of the measures on transaction banking, a business that provides the backbone of financial markets.
Redecentralisation by Ruth Wandhöfer,Hazem Danny Nakib Pdf
This book focuses on the evolving digitisation of the financial ecosystem and the associated impacts of digital technologies on the financial industry at large. Particular attention is given to the emergence of new technologies such as blockchain, smart contracts and AI, as well as the regulatory regime surrounding money, payments and data. The book explores the future of the financial sector as a Digital Financial Ecosystem, a term that encompasses an interconnected data-driven digital and partially decentralised financial sector and that includes many aspects of an individual’s or organisation’s life, ranging from marketplaces and utilities to payments and identity. We begin by providing an overview of key concepts to then develop a high-level framework and approach to what we call Redecentralisation. As next step, we delve into key technology areas that practitioners need to be aware of and that are changing the landscape of the financial system. Following on from that backdrop we explore the areas of money and payments that are at a turning point with the replacement of key infrastructural components necessary for the future of the Digital Financial Ecosystem. We then discuss the topics of digital identity and data privacy that are being revamped in an increasingly digitising world. Bringing it all together, we look to the future to consider some of the latest trends and ‘what if’ scenarios for what the future may hold for a new Digital Financial Ecosystem through a more practical approach towards applying the analysis of the previous chapters. It showcases examples of decentralisation that we are observing in the emerging future Digital Financial Ecosystem and forms recommendations on where the journey ideally should be going for practitioners, regulators, students, and researchers, including the open question of a digital social contract to support our digital lives.
Prediction and Causality in Econometrics and Related Topics by Nguyen Ngoc Thach,Doan Thanh Ha,Nguyen Duc Trung,Vladik Kreinovich Pdf
This book provides the ultimate goal of economic studies to predict how the economy develops—and what will happen if we implement different policies. To be able to do that, we need to have a good understanding of what causes what in economics. Prediction and causality in economics are the main topics of this book's chapters; they use both more traditional and more innovative techniques—including quantum ideas -- to make predictions about the world economy (international trade, exchange rates), about a country's economy (gross domestic product, stock index, inflation rate), and about individual enterprises, banks, and micro-finance institutions: their future performance (including the risk of bankruptcy), their stock prices, and their liquidity. Several papers study how COVID-19 has influenced the world economy. This book helps practitioners and researchers to learn more about prediction and causality in economics -- and to further develop this important research direction.
Estimating the Costs of Financial Regulation by Mr.Andre Santos,Douglas Elliott Pdf
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.
The Changing Role of National Development Banks in Africa by Joshua Yindenaba Abor Pdf
This book examines the changing role of national development banks (NDBs) in Africa. It presents a comprehensive overview of NDBs in Africa, examining their key characteristics, theoretical underpinnings, and growing importance to African economies. The book fully examines the role of NDBs and their potential to support development goals, address gaps in finance left by underdeveloped capital markets, and mobilize resources from the public and private sectors to encourage new long-term investments. Chapters cover the historical background and theoretical rationale for NDBs; the contemporary role of NDBs including their role in sustainable development, climate finance initiatives, and infrastructure development; funding sources, business models, monitoring and impact evaluation; and corporate governance, risk management and regulation. Case studies are also included to demonstrate the individual contributions of NDBs to several national economies. The book contributes to the limited literature in this area by providing a detailed resource on NDBs for scholars, students, policymakers and regulators working in the areas of development finance and banking.
Unimagined Futures – ICT Opportunities and Challenges by Leon Strous,Roger Johnson,David Alan Grier,Doron Swade Pdf
This Festschrift, Unimagined Futures – ICT Opportunities and Challenges, is the first Festschrift in the IFIP AICT series. It examines key challenges facing the ICT community today. While addressing the contemporary challenges, the book provides the opportunity to look back to help understand the contemporary scene and identify appropriate future responses to them. Experts in different areas of the ICT scene have contributed to this IFIP 60th anniversary book, which will be a key input to the ICT community worldwide on setting policy priorities and agendas for the coming decade. In addition, a number of contributions look specifically at the role of professionals and of national, regional, and global organizations in disseminating the benefits of ICT to humanity worldwide.
The Withdrawal of Correspondent Banking Relationships by Mrs.Michaela Erbenova,Ms.Yan Liu,Mr.Nadim Kyriakos-Saad,Aledjandro Lopez Mejia,Jose Giancarlo Gasha,Mr.Emmanuel Mathias,Mr.Mohamed Norat,Ms.Francisca Fernando,Ms.Yasmin Almeida Pdf
This paper focuses on the withdrawal of correspondent banking relationships (CBRs) in some jurisdictions post-global financial crisis. It describes existing evidence and consequences of the withdrawal of CBRs and explores drivers of this phenomenon drawing on recent surveys and select country information. While the withdrawal of CBRs has reached a critical level in some affected countries, which can have a systemic impact if unaddressed, macroeconomic consequences have not been identified so far at a global level. The paper presents responses from the international community to address this phenomenon, and explains the role that the IMF has been playing in this global effort, especially with regards to supporting member countries in the context of surveillance and technical assistance, facilitating dialogue among stakeholders, and encouraging data gathering efforts. The paper concludes by suggesting policy responses by public and private sector stakeholders needed to further mitigate potential negative impacts that could undermine financial stability, inclusion, growth and development goals.
Author : Douglas W. Arner,Jànos Barberis,Ross P. Buckley Publisher : CFA Institute Research Foundation Page : 20 pages File Size : 54,8 Mb Release : 2017-07-31 Category : Business & Economics ISBN : 9781944960261
FinTech and RegTech in a Nutshell, and the Future in a Sandbox by Douglas W. Arner,Jànos Barberis,Ross P. Buckley Pdf
The 2008 global financial crisis represented a pivotal moment that separated prior phases of the development of financial technology (FinTech) and regulatory technology (RegTech) from the current paradigm. Today, FinTech has entered a phase of rapid development marked by the proliferation of startups and other new entrants, such as IT and ecommerce firms that have fragmented the financial services market. This new era presents fresh challenges for regulators and highlights why the evolution of FinTech necessitates a parallel development of RegTech. In particular, regulators must develop a robust new framework that promotes innovation and market confidence, aided by the use of regulatory "sandboxes." Certain RegTech developments today are highlighting the path toward another paradigm shift, which will be marked by a reconceptualization of the nature of financial regulation.
Banking Law by Andreas Kokkinis,Andrea Miglionico Pdf
Banking regulation and the private law governing the bank-customer relationship came under the spotlight as a result of the global financial crisis of 2007–2009. More than a decade later UK, EU and international regulatory initiatives have transformed the structure, business practices, financing models and governance of the banking sector. This authoritative text offers an in-depth analysis of modern banking law and regulation, while providing an assessment of its effectiveness and normative underpinnings. Its main focus is on UK law and practice, but where necessary it delves into EU law and institutions, such as the European Banking Union and supervisory role of the European Central Bank. The book also covers the regulation of bank corporate governance and executive remuneration, the promises and perils of FinTech and RegTech, and the impact of Brexit on UK financial services. Although detailed, the text remains easy to read and reasonably short; pedagogic features such as a glossary of terms and practice questions for each chapter are intended to facilitate learning. It is a useful resource for students and scholars of banking law and regulation, as well as for regulators and other professionals who are interested in reading a precise and evaluative account of this evolving area of law.
Author : Board of Governors of the Federal Reserve System Publisher : Unknown Page : 0 pages File Size : 51,9 Mb Release : 2002 Category : Banks and Banking ISBN : 0894991965
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.
Bank Regulation by Anna-Karin Stockenstrand,Fredrik Nilsson Pdf
Bank Regulation: Effects on Strategy, Financial Accounting and Management Control discusses and problematizes how regulation is affecting bank strategies as well as their financial accounting and management control systems. Following a period of bank de-regulation, the new millennium brought a drastic change, with many new regulations. Some of these are the result of the financial crisis of 2008-2009. Other regulations, such as the introduction in 2005 of International Financial Reporting Standards (IFRS) for quoted companies in the EU, can be related to the introduction of a new global accounting regime. It is evident from annual reports of banks that the number of new regulations in recent years is high and that they cover many different functional areas. The objectives of these regulations are also ambitious; to improve governance and control, contributing to a high level of financial stability for banks. These objectives are obviously of great concern for an industry that directly and indirectly affects the financial situation not only of individuals and organizations but also nation states. Considering the importance of banks in society, it is of little surprise that the attention of both scholars and practitioners has been directed towards how banks comply with new regulations and if the intended objectives of the regulations are met. This book will be of great value to all those interested in financial stability matters (practitioners, policy-makers, students, academics), as well as to accounting and finance scholars.
The Regulatory Aftermath of the Global Financial Crisis by Eilís Ferran,Niamh Moloney,Jennifer G. Hill,John C. Coffee, Jr Pdf
The EU and the US responded to the global financial crisis by changing the rules for the functioning of financial services and markets and by establishing new oversight bodies. With the US Dodd–Frank Act and numerous EU regulations and directives now in place, this book provides a timely and thoughtful explanation of the key elements of the new regimes in both regions, of the political processes which shaped their content and of their practical impact. Insights from areas such as economics, political science and financial history elucidate the significance of the reforms. Australia's resilience during the financial crisis, which contrasted sharply with the severe problems that were experienced in the EU and the US, is also examined. The comparison between the performances of these major economies in a period of such extreme stress tells us much about the complex regulatory and economic ecosystems of which financial markets are a part.
Post-Crisis Changes in Global Bank Business Models: A New Taxonomy by Mr.John C Caparusso,Ms.Yingyuan Chen,Mr.Peter Dattels,Rohit Goel,Paul Hiebert Pdf
The Global Financial Crisis unleashed changes in the operating and regulatory environments for large international banks. This paper proposes a novel taxonomy to identify and track business model evolution for the 30 Global Systemically Important Banks (G-SIBs). Drawing from banks’ reporting, it identifies strategies along four dimensions –consolidated lines of business and geographic orientation, and the funding models and legal entity structures of international operations. G-SIBs have adjusted their business models, especially by reducing market intensity. While G-SIBs have maintained international orientation, pressures on funding models and entity structures could affect the efficiency of capital flows through the bank channel.