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Analyzing Banking Risk : A Framework for Assessing Corporate Governance and Risk Management, Third Edition
Fonte: World Bank
Publicador: World Bank
Relevância na Pesquisa
46.38%
#ACCESS TO FUNDS#ACCOUNTABILITY#ACCOUNTING#ACCOUNTING PRACTICES#ACCOUNTING PRINCIPLES#ACCOUNTING STANDARDS#ACCOUNTING SYSTEMS#ADEQUATE DISCLOSURE#ALM#ARBITRAGE#ASSET CLASSIFICATION
This publication aims to complement
existing methodologies by establishing a comprehensive
framework for the assessment of banks, not only by using
financial data, but also by considering corporate
governance. It argues that each of the key players in the
corporate governance process (such as shareholders,
directors, executive managers, and internal and external
auditors) is responsible for some component of financial and
operational risk management. Following a holistic overview
of bank analysis in chapter two, the importance of banking
supervision in the context of corporate governance is
discussed in chapter three. This chapter also considers the
partnership approach and the emerging framework for
corporate governance and risk management, as well as the
identification and allocation of tasks as part of the risk
management process. The framework for risk management is
further discussed in chapters four through eleven.
Link permanente para citações:
Related Lending and Banking Development
Fonte: Banco Mundial
Publicador: Banco Mundial
Relevância na Pesquisa
46.6%
#AFFILIATE#ALLOCATION OF CAPITAL#AMOUNT OF LOANS#ASSET MANAGEMENT#ASYMMETRIC INFORMATION#BALANCE SHEET#BANK BRANCH#BANK CREDIT#BANK DEPOSITS#BANK LENDING#BANK OWNERS
Does related lending have positive or
negative effects on the development of banking systems? This
paper analyzes a unique cross-country data set covering 74
countries from 1990 to 2007, and finds that related lending,
on average, does not have any effect on the growth of
credit. The authors do find, however, that there are
conditional relationships: related lending tends to retard
the growth of banking systems when rule of law is weak,
while it tends to promote the growth of banking systems when
rule of law is strong. They also find that related lending
appears to be associated with looting when banks are owned
by non-financial firms, but that it does not when
non-financial firms are owned by banks. The results indicate
that whether related lending is positive or pernicious
depends critically on the institutional context in which it
takes place; there is no single "best policy"
regarding related lending. These findings are robust to
alternative specifications, including instrumental variable regressions.
Link permanente para citações:
Slovenia : Pilot Diagnostic Review of Governance of the Banking Sector
Fonte: Washington, DC
Publicador: Washington, DC
EN_US
Relevância na Pesquisa
46.48%
#ABUSE#ABUSES#ACCOUNTABILITY#ACCOUNTING#ACQUISITION#ACQUISITIONS#ARBITRAGE#ASSET MANAGEMENT#ASSETS#AUDIT COMMITTEE#AUDIT COMMITTEES
The financial crises of the late 1990s
in East Asia and Eastern Europe, as well as the recent
corporate governance scandals in Europe and America, have
highlighted the need for strong corporate governance in
ensuring a sound and stable financial sector. The governance
practices of banks are important because banks accept
deposits from the public, whose funds the government has an
implicit (and often an explicit) obligation to protect.
Banks are also subject to information asymmetries and high
leverage, both of which make banks vulnerable to a sudden
run on deposits where public confidence fails. The Slovenian
bank governance review has three objectives to: 1) conduct a
review of the Slovenian bank governance framework, 2) make
recommendations on provisions that would help to strengthen
the governance structure of banks in Slovenia, and 3) refine
the good practices developed for the pilot banking
governance review program. In addition, the international
community has encouraged the strengthening of governance in
the banking sector. The Slovenian banking sector has
successfully weathered the financial crisis seen in other
countries in 1997-1998...
Link permanente para citações:
Morocco : Financial Sector Strategy Note
Fonte: Washington, DC
Publicador: Washington, DC
EN_US
Relevância na Pesquisa
46.49%
#FINANCIAL SECTOR REFORM#FINANCIAL LIBERALIZATION#SAVINGS PROMOTION#INSURANCE INDUSTRY#PENSION FUNDS#CREDIT CEILINGS#INTEREST RATES#LEGAL FRAMEWORK#LENDING INSTITUTIONS#BANKING LEGISLATION#MARKET BASED MECHANISMS
The report presents an overview of
financial sector reforms in Morocco, between 1990-1998, a
period notable for liberalization. Reforms targeted the
banking sector, development of the capital market, and
liberalization of the financial sector, with recent reform
efforts focused on savings institutions (insurance and
pension funds). Included were the elimination of credit
ceilings, interest rate liberalization, and overhaul of the
legislative framework governing lending institutions, namely
through the adoption of the new Banking Law of 1993. As a
result, the financial sector is increasingly operating in
accordance with market rules, and, financial inter-mediation
has intensified. The financial situation of commercial banks
is healthy, and has clearly improved since 1993, with
foreign exchange risk exposure well below prudential limits.
However, management of credit risk should improve, due to
the high percentage of non-recoverable loans. Return on
equity of Moroccan banks has been satisfactorily achieved,
despite weak responsiveness by bank lending...
Link permanente para citações:
Serbia : Financial Sector Assessment
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
EN_US
Relevância na Pesquisa
46.58%
#ACCOUNTING#ACCOUNTS RECEIVABLE#ASSET CLASSIFICATION#ASSET CLASSIFICATIONS#ASSET QUALITY#AUCTION#AUCTION PROCEDURES#AUCTIONS#AUDIT COMMITTEE#AUDIT COMMITTEES#AUDITING
The Financial Sector Assessment Program
(FSAP) update team found that the authorities have
progressed in implementing the key recommendations from the
initial assessment. The 2005 FSAP team revealed a number of
vulnerabilities, including (i) high credit growth, largely
financed by foreign banks, which resulted in rising
nonperforming loans (NPLs), and (ii) poor management and low
capital of several systematically important state-controlled
banks. The Basel Core Principle on Banking Supervision (BCP)
assessment identified a number of deficiencies in banking
supervision. The update team found that the authorities took
action to address the issues highlighted by the 2005 FSAP.
In particular, they adopted prudential measures to slow
credit growth, including higher risk weights for foreign
currency loans to un-hedged borrowers, and exposure limits
to households. Two systemic state-controlled banks were
privatized. Finally, a new banking law was enacted that
significantly strengthened supervision on consolidated basis
and improved corporate governance and transparency.
Link permanente para citações:
Financial Sector Assessment Program : Malaysia - Basel Core Principles for Effective Banking Supervision
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
EN_US
Relevância na Pesquisa
46.59%
#ACCEPTABLE COLLATERAL#ACCOUNTABILITY#ACCOUNTANT#ACCOUNTING#AFFILIATE#AFFILIATES#ARBITRAGE#ARBITRATION#ASSET MANAGEMENT#ASSET MANAGEMENT COMPANIES#ASSET MANAGERS
Bank Negara Malaysia (BNM) employs a
very well developed risk-focused regulatory and supervisory
regime, consisting of a hands-on and comprehensive program
of onsite supervision and extensive off-site macro, and
micro, surveillance that is well integrated with its on-site
supervision. This assessment of the current state of
compliance with the Basel Core Principles (BCPs) in Malaysia
has been undertaken as part of a joint International
Monetary Fund (IMF)-World Bank Report on the Observance of
Standards and Codes (ROSC) mission. The assessment was
conducted from 4 April till 20 April 2012. It reflects the
banking supervision practices of the BNM as of the end of
March 2012 for the supervision of commercial banks. The
assessment is based on several sources: (i) a detailed and
comprehensive self-assessment prepared by the BNM ; (ii)
detailed interviews with the BNM staff; (iii) review of
laws, regulations, and other documentation on the
supervisory framework and on the structure and development
of the Malaysia financial sector; and (iv) meetings with
individual banks...
Link permanente para citações:
Financial Sector Assessment Program : Brazil - Basel Core Principles for Effective Banking Supervision
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
EN_US
Relevância na Pesquisa
56.61%
#ACCESS TO BANK#ACCESS TO BANKS#ACCOUNTABILITY#ACCOUNTING#ACCOUNTING PRINCIPLES#AFFILIATES#ASSET MANAGEMENT#ASSET QUALITY#AUDIT COMMITTEES#AUDIT STANDARDS#AUDITING
Brazil has a well-defined banking
supervision process supported by a legal framework that
grants the Banco Central do Brasil (BCB) broad enforcement
powers for corrective action and weak bank resolution. This
assessment of the Basel Core Principles (BCP) for effective
supervision was conducted from February 27 through March 20,
2012. As agreed with the authorities, the supervisory
framework was assessed against the BCP methodology issued by
the Basel Committee on Banking Supervision (BCBS) in October
2006. In self-assessment the authorities addressed both
essential and additional criteria and the assessors based
their conclusions on compliance with both criteria. The last
BCP assessment was conducted in 2002, however, the grading
is not comparable to this assessment as the principles and
methodology were revised in 2006. Although the BCB operates
on an independent mode, there are amendments to Law
4595-1964 (banking law) that will aid in protecting the
continuation of the operational independence.
Link permanente para citações:
What Regulatory Frameworks are More Conducive to Mobile Banking? Empirical Evidence from Findex Data
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
EN_US
Relevância na Pesquisa
46.39%
#ACCOUNTING#ANTI-MONEY LAUNDERING#ATM#BANK ACCOUNTS#BANK BRANCHES#BANKING INDUSTRIES#BANKING LAW#BANKING LAWS#BANKING LEGISLATION#BANKING MODELS#BANKING REGULATION
Mobile banking services offer great
potential to expand financial services, particularly payment
services, to the poor. They also provide a convenient and
cost effective way to access bank accounts. This paper
constitutes a first attempt to explain statistically what
factors contribute to mobile banking usage, with a
particular focus on the regulatory framework. The authors
construct an index that measures the existence of laws and
regulation that support mobile banking activity for 35
countries. Using variations in regulatory environments
across these countries and armed with newly released data on
mobile banking usage by approximately 37,000 individuals in
these 35 countries, the paper sheds light on the importance
of laws and regulation in supporting mobile banking. The
analysis finds that a supporting regulatory framework is
associated with higher usage of mobile banking for the
general population as well as for the unbanked.
Link permanente para citações:
Banking in Europe : The harmonization process in establishment and services
Fonte: Instituto Universitário Europeu
Publicador: Instituto Universitário Europeu
Tipo: Tese de Doutorado
Formato: Paper; application/pdf; digital
ES
Relevância na Pesquisa
46.4%
#Banks and banking -- European Economic Community countries#Banking law -- European Economic Community countries#Financial services industry -- European Economic Community countries#Financial institutions -- Law and legislation -- European Economic Community countries
This research is an interdisciplinary approach to the EEC banking harmonization process. The methodology employed consists in focusing the subject from the legal, economic and political Science perspectives. Therefore, the underlying purpose of the research is to study the legal outcomes within their context. The research is subdivided in several parts. The first part is a legal approach to both the first and second Banking Directives as the cornerstones of the EEC banking harmonization process. The detailed analysis of both Directives from an EEC legal perspective is a condition precedent for the understanding of how is being shaped the Community Financial Policy. The Second Part is a political science approach to the role of interest within the EEC decision making process. More specifically, it is an attempt to show how banks can influence legislators for the achievement of their objectives. An additional study to this second part, is constituted by the analysis of the Community policies in consumer protection. This sector provides us with comparative information for an estimation of the importance of "interest” within the shaping of regulatory policies within the EEC. A socioeconomic approach to credit institutions strategies1 for the controlling of financial markets is the subject of the third part. Through the study of the United States current "deregulatory" trends...
Link permanente para citações:
European prudential banking regulation and supervision
Fonte: Instituto Universitário Europeu
Publicador: Instituto Universitário Europeu
Tipo: Tese de Doutorado
EN
Relevância na Pesquisa
46.49%
The financial market events in 2007–9 have spurred renewed interest and controversy in debates regarding financial regulation and supervision. This dissertation takes stock of the developments in EU legislation, case-law and institutional structures with regards to banking regulation and supervision, which preceded and followed the recent financial crisis. It does not merely provide an update, but anchors these developments in the broader EU law context, challenging past paradigms and anticipating possible developments. The author provides a systematic analysis of the interactions between the content of prudential rules and the mechanisms behind their production and application. European Prudential Banking Regulation and Supervision includes discussions of the European banking market structure and of regulatory theory that both aim to circumscribe prudential concerns. It scrutinises the content of prudential norms, proposes a qualification of these norms and an assessment of their interaction with other types of norms (corporate, auditing and accounting, consumer protection, competition rules). It also features an analysis of the underpinning institutional set-up and its envisaged reforms, focusing on the typical EU concerns related to checks and balances. Finally...
Link permanente para citações:
Moldova Financial Sector Assessment Program; Basel Core Principles for Effective Banking Supervision
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Tipo: Report; Economic & Sector Work :: Financial Sector Assessment Program; Economic & Sector Work
ENGLISH; EN_US
Relevância na Pesquisa
46.38%
#INTERNATIONAL ACCOUNTING STANDARDS#ACCOUNTING PRINCIPLES#BANKING REGULATION#FINANCIAL SERVICES#OPERATIONAL RISK#LEGAL PROVISION#FINANCE MINISTRIES#ACCOUNTING#INTANGIBLE ASSETS#DEPOSITS#ACCOUNTING PRACTICES
This assessment of Moldova current state
of compliance with the Basel core principles for effective
banking supervision (BCPs) was undertaken as part of a joint
International Monetary Fund (IMF) - World Bank mission in
connection with a broader financial sector assessment
program exercise. This version of the assessment has a
greater focus on risk management policies and practices
implemented by supervised institutions and their assessment
by the supervisory authority as well as more emphasis on
quality implementation of supervisory standards. The
assessment has been conducted in accordance with the revised
BCP assessment methodology approved by the Basel committee
and was based on extensive discussions with officers and
staff members of the Banking Supervision Department in
National Bank of Moldova (NBM), and a review of internal
supervisory documents, such as manuals, operating policies,
examination reports, and external audit reports. The mission
reviewed the BCP self-assessment undertaken by NBM preceding
this assessment...
Link permanente para citações:
Bulgaria Financial Sector Assessment Program; Detailed Assessment of Observance--Basel Core Principles for Effective Banking Supervision
Fonte: Washington, DC
Publicador: Washington, DC
Tipo: Report; Economic & Sector Work :: Financial Sector Assessment Program; Economic & Sector Work
ENGLISH; EN_US
Relevância na Pesquisa
46.39%
#INTERNATIONAL ACCOUNTING STANDARDS#ACCOUNTING PRINCIPLES#FINANCIAL SERVICES#OPERATIONAL RISK#LEGAL PROVISION#INTEREST INCOME#FINANCE MINISTRIES#CLASSIFIED LOANS#ACCOUNTING#DEPOSITS#PRINCIPAL
This assessment of the current state of
the implementation of the Basel core principles (BCP) for
effective banking supervision in Bulgaria has been completed
as a stand-alone report on the observance of standards and
codes undertaken by the international monetary fund (IMF)
and the World Bank during March of 2015 at the request of
the Bulgarian authorities. It reflects the regulatory and
supervisory framework in place as of the date of the
completion of the assessment. The Bulgarian National Bank
(BNB) has an internal governance structure which, by vesting
the majority of the powers of supervision in the Deputy
Governor for banking supervision, exposes the supervisory
function to risks. Under the BNB’s legal structure,
supervision and enforcement is dissociated from the
Governing Council, and the Governing Council has no right to
compel transparency of decision making or to impose a
framework to ensure consistency in the use of the
enforcement regime. There are material concerns that the BNB
is too resource constrained to deliver effective minimum
levels of supervision. Despite a broad range of supervisory
powers...
Link permanente para citações:
An Analysis of the 2002 Uruguayan Banking Crisis
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Tipo: Publications & Research :: Policy Research Working Paper; Publications & Research
ENGLISH
Relevância na Pesquisa
46.37%
#ACCOUNTING#ASSET MANAGEMENT#ASSET RECOVERY#ASSETS#BALANCE SHEET#BALANCE SHEETS#BANK DEPOSITS#BANK RESTRUCTURING#BANK SUPERVISION#BANKING CONTRACTS#BANKING CRISIS
The authors review the series of events that led to the 2002 Uruguayan banking crisis, assess the current status of the Uruguayan banking sector, and analyze the policy responses undertaken by the Uruguayan authorities to counteract the crisis. The main conclusion from their analysis is that although the immediate trigger for the crisis was caused by contagion resulting from Argentina's financial crisis, the spread and magnification of the crisis that engulfed the Uruguayan economy was amplified by certain weaknesses of the Uruguayan economy in general, and the domestic banking sector in particular. The authors also believe that the policy responses adopted by the Uruguayan authorities were mostly adequate, allowing Uruguay to successfully counteract simultaneous banking and public debt crises. Most important, the Uruguayan authorities were able to overcome a severe crisis while preserving the necessary trust in banking contracts, achieving a high level of social stability and political cohesion, and maintaining a fluid dialogue with multilateral financial institutions and all affected parties. The cooperative and consensual approach taken by the authorities created the necessary conditions to overcome some of the important obstacles to the recovery of the domestic banking sector.
Link permanente para citações:
India : Basel Core Principles for Effective Banking Supervision
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Tipo: Economic & Sector Work :: Financial Sector Assessment Program (FSAP); Economic & Sector Work
ENGLISH; EN_US
Relevância na Pesquisa
46.38%
#ACCOUNTABILITY#ACCOUNTING#ACCOUNTING STANDARDS#ADVERSE SELECTION#AFFILIATES#ASSET CLASSIFICATION#ASSETS RATIO#ASSOCIATED COMPANIES#AUDITING#AUDITORS#AUTONOMY
The Reserve Bank of India (RBI) is to be
commended for its tightly controlled regulatory and
supervisory regime, consisting of higher than minimum
capital requirements, frequent, hands-on and comprehensive
onsite inspections, a conservative liquidity risk policy and
restrictions on banks' capacity to take on more
volatile exposures. The Indian banking system remained
largely stable during the global financial crisis. Since
then, the government of India and RBI has taken additional
measures to enhance the soundness and resilience of the
banking system, such as the establishment of a Financial
Stability and Development Council (FSDC), the implementation
of a countercyclical provisioning regime, and the
development of a roadmap for the introduction of a holding
company structure.
Link permanente para citações:
Financial Sector Assessment Program Update : Philippines - Focused Update of the Basel Core Principles for Effective Banking Supervision
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Tipo: Economic & Sector Work :: Financial Sector Assessment Program (FSAP); Economic & Sector Work
ENGLISH; EN_US
Relevância na Pesquisa
46.45%
#ACCOUNTING#ACCOUNTS RECEIVABLES#ANTI-MONEY LAUNDERING#ASSET RATIO#ASSET VALUES#ASSETS#AUDIT COMMITTEE#BALANCE SHEET#BANK DEPOSITS#BANK FAILURES#BANK MANAGEMENT
This focused assessment of the current
state of the Philippines' compliance with the Basel
core principles for effective banking supervision is an
update of the detailed assessment completed as part of the
International Monetary Fund (IMF)-World Bank Financial
Sector Assessment Program (FSAP) that took place in 2002.
Thus, the current assessment targets those Basle Core
Principles for Effective Banking Supervision (BCPs) for
which the initial assessment was non-compliant or materially
non-compliant, and those for which the FSAP had recommended
reforms. As the original assessment had been made using the
1997 methodology, which was superseded by the 2006
methodology, the principles that were reviewed were mapped
into the 2006 principles. This report should provide inputs
for the enhancement of the Central Bank of the Philippines
(BSP's) action plan to move toward full compliance with
the core principles. This assessment of the effectiveness
of banking supervision was based on an examination of the
legal and regulatory framework and benefited from the inputs
of the IMF resident advisor...
Link permanente para citações:
Financial Sector Assessment Program Update : Saudi Arabia - Basel Core Principles for Effective Banking Supervision
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Tipo: Economic & Sector Work :: Financial Sector Assessment Program (FSAP); Economic & Sector Work
ENGLISH; EN_US
Relevância na Pesquisa
46.48%
#ACCOUNTABILITY#ACCOUNTING#ACCOUNTING PRINCIPLES#AFFILIATED COMPANIES#AFFILIATES#AMOUNT OF RISK#ANTI-MONEY LAUNDERING#APPROVAL PROCESS#ARREARS#ASSET CLASS#ASSET QUALITY
This assessment of Saudi Arabian
Monetary Agency's (SAMA) compliance with the basel
committee's core principles for effective banking
supervision was conducted by a mission to Saudi Arabia
during April 9-20, 2011. The assessment was carried out as
part of a Financial Sector Assessment Program (FSAP) update
undertaken by the International Monetary Fund (IMF) and the
World Bank at the request of the Saudi authorities. The
authorities requested that the assessment of compliance be
conducted using only the essential criteria in the
methodology. This assessment was based on a review of laws,
regulations, policies and practices in place at the time.
The financial system is subject to risks reflecting the
openness of the economy and dependence on the hydrocarbon
sector, as well as the size of the market. Saudi Arabia
implements International Financial Reporting Standards
(IFRS) for banks and insurance companies and is served by
the major accounting firms. There has been no need to
provide emergency liquidity assistance (ELA) to any bank in
recent years. The conditions in which SAMA will provide ELA
would be determined on a case-by-case basis...
Link permanente para citações:
Financial Sector Assessment Program Update : India - Basel Core Principles for Effective Banking Supervision
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Tipo: Economic & Sector Work :: Financial Sector Assessment Program (FSAP); Economic & Sector Work
ENGLISH; EN_US
Relevância na Pesquisa
46.38%
#ACCOUNTABILITY#ACCOUNTING#ACCOUNTING STANDARDS#ADVERSE SELECTION#AFFILIATES#ASSET CLASSIFICATION#ASSETS RATIO#ASSOCIATED COMPANIES#AUDITING#AUDITORS#AUTONOMY
The Reserve Bank of India (RBI) is to be
commended for its tightly controlled regulatory and
supervisory regime, consisting of higher than minimum
capital requirements, frequent, hands-on and comprehensive
onsite inspections, a conservative liquidity risk policy and
restrictions on banks' capacity to take on more
volatile exposures. The Indian banking system remained
largely stable during the global financial crisis. Since
then, the government of India and RBI has taken additional
measures to enhance the soundness and resilience of the
banking system, such as the establishment of a Financial
Stability and Development Council (FSDC), the implementation
of a countercyclical provisioning regime, and the
development of a roadmap for the introduction of a holding
company structure.
Link permanente para citações:
Deposit Insurance and Banking Reform in Russia
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Tipo: Publications & Research :: Policy Research Working Paper; Publications & Research
ENGLISH; EN_US
Relevância na Pesquisa
46.48%
#ACCOUNTING#ACCOUNTING PERIOD#ACCOUNTING PRACTICES#ACQUISITION#ACQUISITIONS#ADVERSE SELECTION#AGENTS#APPLICATIONS#AUDITS#BANK ASSETS#BANK CAPITAL
The objective of this paper is not to review the pros and cons of deposit insurance systems, but to focus, rather narrowly, on the recent adoption of a deposit insurance system (DIS) in Russia, the rationale offered, and the potential impact it might have on the stability and development of the Russian banking system. An attempt is made to draw some lessons from the implementation experience in Russia. The paper starts with a brief description of the Russian DIS, followed by an overview of the banking system's structure and some observations on the sequencing followed for adopting the DIS and the political economy of its adoption. It concludes with a discussion of areas requiring attention.
Link permanente para citações:
Cross Border Banking Supervision : Incentive Conflicts in Supervisory Information Sharing between Home and Host Supervisors
Fonte: Banco Mundial
Publicador: Banco Mundial
Tipo: Publications & Research :: Policy Research Working Paper
ENGLISH
Relevância na Pesquisa
46.37%
#BANKING SUPERVISION#CROSS BORDER BANKING SUPERVISION#PRUDENTIAL SUPERVISION#SUPERVISORY COLLEGES#SUPERVISORY COOPERATION#HOME HOST COUNTRY ACCESS TO CAPITAL#ACCESS TO CAPITAL MARKETS#ACCOUNTABILITY#ACCOUNTING#ACCOUNTING STANDARDS#ASSET VALUE
The global financial crisis has
uncovered a number of weaknesses in the supervision and
regulation of cross border banks. One such weakness was the
lack of effective cooperation among banking supervisors.
Since then, international bodies, such as the G-20, the
Financial Stability Board and the Basel Committee have
actively promoted the use of supervisory colleges. The
objective of this paper is to explore the obstacles to
effective cross border supervisory information sharing. More
specifically, a schematic presentation illustrating the
misalignments in incentives for information sharing between
home and host supervisors under the current supervisory
task-sharing anchored in the Basel Concordat is developed.
This paper finds that in the absence of an ex ante agreed
upon resolution and burden-sharing mechanism and
deteriorating health of the bank, incentive conflicts
escalate and supervisory cooperation breaks down. The
promotion of good practices for cooperation in supervisory
colleges is thus not sufficient to address the existing
incentive conflicts. What is needed is a rigorous analysis
and review of the supervisory task-sharing framework...
Link permanente para citações:
Corporate governance and banking regulation
Fonte: CFAP, Cambridge Judge Business School, University of Cambridge
Publicador: CFAP, Cambridge Judge Business School, University of Cambridge
Tipo: Working Paper; published version
EN
Relevância na Pesquisa
46.54%
#government policy and regulation#corporation and securities law#regulated industries and administrative law#economics of regulation#firm organization and market
The globalisation of banking markets has raised important issues regarding corporate governance regulation for banking institutions. This research paper addresses some of the major issues of corporate governance as it relates to banking regulation. The traditional principal-agent framework will be used to analyse some of the major issues involving corporate governance and banking institutions. It begins by analysing the emerging international regime of bank corporate governance. This has been set forth in Pillar II of the amended Basel Capital Accord. Pillar II provides a detailed framework for how bank supervisors and bank management should interact with respect to the management of banking institutions and the impact this may have on financial stability. The paper will then analyse corporate governance and banking regulation in the United Kingdom and United States. Although UK corporate governance regulation has traditionally not focused on the special role of banks and financial institutions, the Financial Services and Markets Act 2000 has sought to fill this gap by authorizing the FSA to devise rules and regulations to enhance corporate governance for financial firms. In the US, corporate governance for banking institutions is regulated by federal and state statute and regulation. Federal regulation provides a prescriptive framework for directors and senior management in exercising their management responsibilities. US banking regulation also addresses governance problems in bank and financial holding companies. For reasons of financial stability...
Link permanente para citações: