Achieving Financial Stability Challenges To Prudential Regulation
DOWNLOAD
FREE 30 Days
Download Achieving Financial Stability Challenges To Prudential Regulation PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Achieving Financial Stability Challenges To Prudential Regulation book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Achieving Financial Stability Challenges To Prudential Regulation
DOWNLOAD
FREE 30 Days
Author : Kaufman George G
language : en
Publisher: World Scientific
Release Date : 2017-09-22
Achieving Financial Stability Challenges To Prudential Regulation written by Kaufman George G and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-22 with Business & Economics categories.
The Great Financial Crisis of 2007–2010 exposed the existence of significant imperfections in the financial regulatory framework that encouraged excessive risk-taking and increased system vulnerabilities. The resulting high cost of the crisis in terms of lost aggregate income and wealth, and increased unemployment has reinforced the need to improve financial stability within and across countries via changes in traditional microprudential regulation, as well as the introduction of new macroprudential regulations. Amongst the questions raised are: What are the challenges to prudential regulation? How has the regulatory environment changed in recent years? How do the reforms interplay with market discipline, risk-taking incentives and risk management arrangements?Does the new regulatory framework allow for the introduction of financial innovation, and the associated benefits, without increasing disruptive financial risk? Contents: PrefaceAcknowledgmentsAbout the EditorsAbout the ContributorsSpecial Addresses: Challenges for Future Monetary Policy Frameworks: A European Perspective (Vítor Constâncio)Income Inequality: The Battlefield Casualty of Post-Crisis Financial Policy (Karen Shaw Petrou)A Practical Case for Rules-Based Macroprudential Policy (Adam S Posen)Financial Regulation: The Evolving Macro- and Microprudential Landscape: Evolving Micro- and Macroprudential Regulations in the United States: A Primer (Diana Hancock)The Regulatory Response to the Sovereign-Bank Nexus (Luc Laeven)Japan's Regulatory Responses to Banking Crisis (Masami Imai)The Costs and Benefits of Bank Capital Requirements (Gianni De Nicolò)Capital Regulation: Capital Regulation: How Much Capital is Needed? (Mark Carey)CoCos: A Promising Idea Poorly Executed (Richard J Herring)Capital Regulation: Lessons from a Macroeconomic Model (Caterina Mendicino, Kalin Nikolov and Dominik Supera)Liquidity Regulation: How Should Bank Liquidity be Regulated? (Franklin Allen and Douglas Gale)How Do We Figure Out Optimal Liquidity Regulation? (Douglas W Diamond and Anil K Kashyap) The Interplay Between Liquidity Regulation, Monetary Policy Implementation and Financial Stability(Todd Keister)Liquidity and Capital: Substitutes or Complements? (Marie Hoerova)Market Infrastructures, Central Clearing and Collateral Management: An Incentive Theory of Counterparty Risk, Margins, and CCP Design (Florian Heider)Monitoring CCP Exposure, In Real Time If Needed (Albert J Menkveld)Regulation and Financial Innovation: Innovation & Regulation: Some Preliminary Observations (Michael S Barr)Financial Innovation and Regulation (Thorsten Beck)Thoughts About Financial Innovation (Josh Lerner and Peter Tufano)How Technological Innovation Will Reshape Financial Regulation (Carmelo Salleo)Bail-in Versus Bail-Outs: Incentives and Financial Stability: Bail-in-Able Debt and Fragility (Russell Cooper)Government Guarantees to Financial Institutions: Banks' Incentives and Fiscal Sustainability (Agnese Leonello)The Unconvertible CoCo Bonds (Paul Glasserman and Enrico Perotti)Where to From Here?: The Macroprudential Toolkit (Richard Berner)The Great Financial Crisis and Its Aftermath: A
Effectiveness Of Prudential Regulations For Banks
DOWNLOAD
FREE 30 Days
Author : Ashish Srivastava
language : en
Publisher: Eliva Press
Release Date : 2021-05-30
Effectiveness Of Prudential Regulations For Banks written by Ashish Srivastava and has been published by Eliva Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-30 with categories.
Banking regulations aim to strengthen financial stability and promote policies that foster safety, consistency, reliability, fairness, and inclusion in the financial products and services offered by banks. The context of discussions in this book, spread over five carefully selected chapters, is the Indian financial system with a global perspective. It highlights the need for continual improvement in the effectiveness of regulatory and supervisory processes to achieve stability, transparency, and robustness in financial institutions and financial markets. The effectiveness of prudential regulations depends upon the institutional credibility, deterrents, and enforcement mechanism. Moreover, prudential regulations should maintain pace with the time and changing dynamics of the financial system. Putting in place clear, uncomplicated regulations, and shunning complexity in the regulatory and supervisory processes helps in achieving the intended outcomes. Besides, inadequate internal controls, false assumptions about markets and liquidity, and lack of due diligence processes in financial institutions contribute to their failures and hence, it is a regulatory challenge to incentivize the banks to join the regulators in pursuit of effective risk optimization, and achieving the common good of a stable, fair, and efficient financial system. Liquidity remains a crucial focus of prudential regulations and it is important to understand the behavioural biases such as overconfidence, linear extrapolation, confirmation bias, and group-think, which hamper effective liquidity risk management in regulated institutions. An increasingly expanding toolkit of the perpetrators of financial crimes as a latent malfunction of global integration of financial systems and the advent of digital transactions is another matter of concern for regulators requiring enhanced focus on the gatekeepers. Finally, the financial innovations and technological advancements in the world of alternative finance require an appropriate regulatory structure that facilitates an orderly growth of alternative finance within the traditional financial landscape. This book offers a crisp reading on these key areas and presents a nuanced approach to improve the effectiveness of the prudential regulations.
Financial Stability And Prudential Regulation
DOWNLOAD
FREE 30 Days
Author : Alison Lui
language : en
Publisher: Routledge is
Release Date : 2017
Financial Stability And Prudential Regulation written by Alison Lui and has been published by Routledge is this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Banks and banking, Central categories.
Introduction -- The roles of central banks and financial regulatory agencies -- The United kingdom -- Australia -- The United States -- Canada -- Germany -- Conclusion and recommendations
Dealing With The Challenges Of Macro Financial Linkages In Emerging Markets
DOWNLOAD
FREE 30 Days
Author : Otaviano Canuto
language : en
Publisher: World Bank Publications
Release Date : 2013-10-29
Dealing With The Challenges Of Macro Financial Linkages In Emerging Markets written by Otaviano Canuto and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-29 with Business & Economics categories.
This book deals with the challenges of macro financial linkages in the emerging markets.
Macro Prudential Policies To Mitigate Financial System Vulnerabilities
DOWNLOAD
FREE 30 Days
Author : Mr.Stijn Claessens
language : en
Publisher: International Monetary Fund
Release Date : 2014-08-19
Macro Prudential Policies To Mitigate Financial System Vulnerabilities written by Mr.Stijn Claessens and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-08-19 with Business & Economics categories.
Macro-prudential policies aimed at mitigating systemic financial risks have become part of the policy toolkit in many emerging markets and some advanced countries. Their effectiveness and efficacy are not well-known, however. Using panel data regressions, we analyze how changes in balance sheets of some 2,800 banks in 48 countries over 2000–2010 respond to specific macro-prudential policies. Controlling for endogeneity, we find that measures aimed at borrowers––caps on debt-to-income and loan-to-value ratios––and at financial institutions––limits on credit growth and foreign currency lending––are effective in reducing asset growth. Countercyclical buffers are little effective through the cycle, and some measures are even counterproductive during downswings, serving to aggravate declines, consistent with the ex-ante nature of macro-prudential tools.
Key Aspects Of Macroprudential Policy Background Paper
DOWNLOAD
FREE 30 Days
Author : International Monetary Fund. Fiscal Affairs Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2013-10-06
Key Aspects Of Macroprudential Policy Background Paper written by International Monetary Fund. Fiscal Affairs Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-06 with Business & Economics categories.
The countercyclical capital buffer (CCB) was proposed by the Basel committee to increase the resilience of the banking sector to negative shocks. The interactions between banking sector losses and the real economy highlight the importance of building a capital buffer in periods when systemic risks are rising. Basel III introduces a framework for a time-varying capital buffer on top of the minimum capital requirement and another time-invariant buffer (the conservation buffer). The CCB aims to make banks more resilient against imbalances in credit markets and thereby enhance medium-term prospects of the economy—in good times when system-wide risks are growing, the regulators could impose the CCB which would help the banks to withstand losses in bad times.
E Money Prudential Supervision Oversight And User Protection
DOWNLOAD
FREE 30 Days
Author : Mr. Marc C Dobler
language : en
Publisher: International Monetary Fund
Release Date : 2021-12-14
E Money Prudential Supervision Oversight And User Protection written by Mr. Marc C Dobler and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-14 with Business & Economics categories.
This departmental paper discusses the evolving prudential frameworks for nonbank issuers of electronic money. Some jurisdictions take a relatively light-touch approach to regulating electronic money issuers (EMIs). Others have sought to apply more stringent requirements to protect electronic money (e-money) users, as the sector has grown in importance. The paper aims to build on previous IMF staff contributions to the literature and to draw policy conclusions for strengthening e-money regulatory regimes; in particular in jurisdictions where issuers, individually or collectively, have grown to a size to which they are of macro-financial importance (see below). Chapter 2 provides background on the development of e-money, its economic benefits, and potential risks. Chapter 3 discusses prudential supervision of EMIs, followed in Chapter 4 by their oversight from a payments system perspective. Chapter 5 discusses potential additional measures for user protection and contingency arrangements for EMI failure. The last chapter presents policy recommendations for policymakers, especially in those emerging market economies and developing countries wherein EMIs have reached a scale at which they could have a significant economic impact if they were to fail.
New Paradigms For Financial Regulation
DOWNLOAD
FREE 30 Days
Author : Masahiro Kawai
language : en
Publisher: Brookings Institution Press
Release Date : 2013
New Paradigms For Financial Regulation written by Masahiro Kawai and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Business & Economics categories.
" A Brookings Institution Press and Asian Development Bank Institute publication The global financial crisis has led to a sweeping reevaluation of financial market regulation and macroeconomic policies. Emerging markets need to balance the goals of financial development and broader financial inclusion with the imperative of strengthening macroeconomic and financial stability. The third in a series on emerging markets, New Paradigms for Financial Regulation develops new analytical frameworks and provides policy prescriptions for how the frameworks should be adapted to a world of more free and more volatile capital. This volume provides an overview of the global regulatory landscape from the perspective of Asian emerging markets. The contributors discuss the many challenges ahead in developing sound and flexible financial regulatory systems for emerging market economies. The challenges are heightened by the rising integration of these economies into global trade and finance, the growing sophistication of their financial systems as globalization and emergence processes accelerate, and their potential vulnerability to instability arising from the financial markets in the advanced economies. The contributors provide guidance about pitfalls to be avoided, general principles that should guide the creation of sound regulatory systems, and valuable analytic perspectives about how to continue to broaden the financial sector and innovate while still maintaining financial and macroeconomic stability. "
Macroprudential And Microprudential Policies
DOWNLOAD
FREE 30 Days
Author : Jacek Osinski
language : en
Publisher: International Monetary Fund
Release Date : 2013-06-21
Macroprudential And Microprudential Policies written by Jacek Osinski and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-21 with Business & Economics categories.
Effective arrangements for micro and macroprudential policies to further overall financial stability are strongly desirable for all countries, emerging or advanced. Both policies complement each other, but there can also be potential areas of overlap and conflict, which can complicate this cooperation. Organizing their very close interactions can help contain these potential tensions. This note clarifies the essential features of macroprudential and microprudential policies and their interactions, and delineates their borderline. It proposes mechanisms for aligning both policies in the pursuit of financial stability by identifying those elements that are desirable for effective cooperation between them. The note provides general guidance. Actual arrangements will need take into account country-specific circumstances, reflecting the fact that that there is no “one size fits all.”
Managing The Sovereign Bank Nexus
DOWNLOAD
FREE 30 Days
Author : Mr.Giovanni Dell'Ariccia
language : en
Publisher: International Monetary Fund
Release Date : 2018-09-07
Managing The Sovereign Bank Nexus written by Mr.Giovanni Dell'Ariccia and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-07 with Business & Economics categories.
This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? What do we know about it? To what extent is it a source of concern? What is the role of policy intervention? The paper concludes with a review of recent policy proposals.