Financial Stability And Prudential Regulation

Financial Stability and Prudential Regulation PDF
Author: Alison Lui
Publisher: Taylor & Francis
ISBN: 1317480236
Size: 75.91 MB
Format: PDF, ePub, Docs
Category : Law
Languages : en
Pages : 214
View: 4623

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Book Description:

Financial Stability And Prudential Regulation

by Alison Lui, Financial Stability And Prudential Regulation Book available in PDF, EPUB, Mobi Format. Download Financial Stability And Prudential Regulation books, Financial stability is one of the key tenets of a central bank’s functions. Since the financial crisis of 2007-2009, an area of hot debate is the extent to which the central bank should be involved with prudential regulation. This book examines the macro and micro-prudential regulatory frameworks and systems of the United Kingdom, Australia, the United States, Canada and Germany. Drawing on the regulator frameworks of these regions, this book examines the central banks’ roles of crisis management, resolution and prudential regulation. Alison Lui compares the institutional structure of the new ‘twin-peaks’ model in the UK to the Australian model, and the multi-regulatory US model and the single regulatory Canadian model. The book also discusses the extent the central bank in these countries, as well as the ECB, are involved with financial stability, and argues that the institutional architecture and geographical closeness of the Bank of England and Financial Policy Committee give rise to the fear that the UK central bank may become another single super-regulator, which may provide the Bank of England with too much power. As a multi-regional, comparative study on the importance and effectiveness of prudential regulation, this book will be of great use and interest to students and researchers in finance and bank law, economics and banking.







Achieving Financial Stability

Achieving Financial Stability PDF
Author: Douglas Darrell Evanoff
Publisher: World Scientific Publishing Company
ISBN: 9789813223394
Size: 43.69 MB
Format: PDF, Docs
Category : Financial crises
Languages : en
Pages : 366
View: 5321

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Book Description:

Achieving Financial Stability

by Douglas Darrell Evanoff, Achieving Financial Stability Book available in PDF, EPUB, Mobi Format. Download Achieving Financial Stability books, Terahertz (THz) electromagnetic waves, phenomena in the THz range and related technological issues have been explosively investigated during the recent two decades. However, its potential as a disruptive technology to commercial applications has yet to ma







Cross Border Banking In Europe

Cross border Banking in Europe PDF
Author: Franklin Allen
Publisher: CEPR
ISBN: 1907142363
Size: 60.49 MB
Format: PDF
Category : Banks and banking
Languages : en
Pages : 119
View: 2685

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Book Description:

Cross Border Banking In Europe

by Franklin Allen, Cross Border Banking In Europe Book available in PDF, EPUB, Mobi Format. Download Cross Border Banking In Europe books, This report argues that policy reforms in micro- and macro-prudential regulation and macroeconomic policies are needed for Europe to reap the important diversification and efficiency benefits from cross-border banking, while reducing the risks stemming from large cross-border banks.Available online as pdf at: http: //www.cepr.org/pubs/books/CEPR/cross-border_banking.pd







Financial Regulation And Stability

Financial Regulation and Stability PDF
Author: Charles Goodhart
Publisher: Edward Elgar Publishing
ISBN: 1788973658
Size: 46.77 MB
Format: PDF, ePub, Mobi
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 352
View: 3729

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Book Description:

Financial Regulation And Stability

by Charles Goodhart, Financial Regulation And Stability Book available in PDF, EPUB, Mobi Format. Download Financial Regulation And Stability books, This book addresses the interaction of monetary and regulatory policy to achieve the important goal of price and financial stability. The authors show how financial stability can be assessed and measured continuously, and discuss the interrelationships between liquidity and default. Without default there would be no concern about liquidity. But the financial crisis was not just a liquidity problem, and requires a general equilibrium model. Their general equilibrium analysis demonstrates how policy should depend on understanding all the relevant factors.







Market Regulations And Finance

Market  Regulations and Finance PDF
Author: Ratan Khasnabis
Publisher: Springer Science & Business Media
ISBN: 8132217950
Size: 64.34 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 253
View: 5116

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Book Description:

Market Regulations And Finance

by Ratan Khasnabis, Market Regulations And Finance Book available in PDF, EPUB, Mobi Format. Download Market Regulations And Finance books, This volume’s primary contribution to the field of Economics is that it addresses the issue of inter-linkages between money, finance and macroeconomics with a broad analytical perspective that has commonality with the Post-Keynesians. In an attempt to assess the consequences of economic reforms and the fallout of the global financial crisis on India and the world around, the book argues that with the onset of the crisis, as in most advanced economies, debates and discussions in India have been concerned with three main issues: monetary policy and asset prices, financial stability, and macro-prudential regulation. Three related issues which are also considered important in the Indian context are – rule vs. principle-based supervision, integrated financial supervision, and regulatory and supervisory independence. The book argues that the crisis highlighted the inadequacies of macro-prudential regulatory structure which mainly addresses idiosyncratic risks specific to individual financial institutions. The crisis precipitated an extensive debate on the role of national regulatory and supervisory authorities in crisis prevention and crisis management via macro-prudential regulations which involves a general equilibrium approach to regulation aiming at safeguarding the financial system as a whole. The book then argues that the crisis led to a paradigm shift in macroeconomic theory and policy. This shift has been categorized into four specific areas: monetary policy, financial regulation, corporate governance, and globalization. The book analyses how the characteristics of each of these four categories have changed from the pre-crisis to the post-crisis situation. The book also delves into the phenomenon of rising global commodity prices post-crisis. The book also deals with an analysis of the impact of this crisis on employment in the US economy, by simulating a macroeconomic model developed by the Cambridge Department of Applied Economics in the 1980s.







Systemic Risk And Macroprudential Regulations

Systemic Risk and Macroprudential Regulations PDF
Author: Rabi N. Mishra
Publisher: SAGE Publications India
ISBN: 9353285437
Size: 27.19 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 508
View: 5212

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Book Description:

Systemic Risk And Macroprudential Regulations

by Rabi N. Mishra, Systemic Risk And Macroprudential Regulations Book available in PDF, EPUB, Mobi Format. Download Systemic Risk And Macroprudential Regulations books, The Global Financial Crisis is undoubtedly the most severe financial crisis the world witnessed since the Great Depression of 1929. The crisis has been analysed by a number of experts offering distinct narratives and counter-narratives. Systemic Risk and Macroprudential Regulations examines causes and consequences of the global financial crisis and proposes a regulatory reforms policy—macroprudential regulations. The book emphasizes ‘systemic risk’ as the new-found villain of the financial space and narrates how such risk can be addressed through macroprudential tools. It, thus, offers a possible solution to avoid financial crises in future and facilitates building a safer financial system globally. The book also examines major crisis management frameworks, stress testing, relevant regulatory and supervisory development, and early warning mechanism with detailed cross-country analysis.







International Financial Instability

International Financial Instability PDF
Author: Douglas Darrell Evanoff
Publisher: World Scientific
ISBN: 9812707638
Size: 22.16 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 479
View: 6117

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Book Description:

International Financial Instability

by Douglas Darrell Evanoff, International Financial Instability Book available in PDF, EPUB, Mobi Format. Download International Financial Instability books, Proceedings of a conference held at the Federal Reserve Bank of Chicago, Oct. 5-6, 2006.







Accounting Prudential Regulation And Financial Stability

Accounting  Prudential Regulation and Financial Stability PDF
Author: Claudio Borio
Publisher:
ISBN:
Size: 13.28 MB
Format: PDF, ePub, Mobi
Category : Accounting
Languages : en
Pages : 32
View: 6638

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Book Description:

Accounting Prudential Regulation And Financial Stability

by Claudio Borio, Accounting Prudential Regulation And Financial Stability Book available in PDF, EPUB, Mobi Format. Download Accounting Prudential Regulation And Financial Stability books, What information about the financial condition of firms is conducive to efficient and stable operation of the financial system and of the economy more broadly? In this essay, we outline the contours of an ideal set of such information, identify existing gaps and propose a way forward to fill them. We argue that an ideal set should comprise two dimensions. As regards financial characteristics, it should cover three different types, viz: estimates of the current financial condition ('first-moment information'); estimates of risk profiles ('risk information'); and measures of the uncertainty surrounding both kinds of estimate ('measurement error information'). As regards the object of the analysis, it should cover information about both the individual firm ('micro information') and, suitably aggregated, the 'system' as a whole ('macro information'). So far, efforts have mainly focused on micro information and, within it, on estimates of the current financial condition; by contrast, risk information has drawn attention only more recently and measurement error information has been largely neglected. We also note that, as regards micro information, significant differences in perspective between accounting standard setters and prudential supervisors have come to light. We examine the reasons for these differences and propose ways in which they could be reconciled. We propose a strategy based on two principles: first, in the long term, the 'decoupling' of the objective of accurate financial reporting about the firm from that of instilling the desired degree of prudence in its behaviour; and second, a 'parallel' process towards that objective so that at all points the prudential authorities can neutralise any undesirable implications for financial stability of changes in financial reporting standards. We stress that close cooperation between accounting standard setters and supervisory authorities is called for both in developing the final set of information and in implementing it.







A New Approach To Financial Regulation

A new approach to financial regulation PDF
Author: Great Britain. Treasury
Publisher: The Stationery Office
ISBN: 9780101787420
Size: 80.93 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 71
View: 4371

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Book Description:

A New Approach To Financial Regulation

by Great Britain. Treasury, A New Approach To Financial Regulation Book available in PDF, EPUB, Mobi Format. Download A New Approach To Financial Regulation books, This document outlines the Government's programme of reform to renew the UK's system of financial regulation. It believes that weaknesses were inherent in the tripartite approach whereby three authorities - the Bank of England, the Financial Services Authority and the Treasury - were collectively responsible for financial stability. The Government will create a new Financial Policy Committee (FPC) in the Bank of England with primary statutory duty to maintain financial stability. The FPC will be given control of macro-prudential tools to ensure that systemic risks to financial stability are dealt with. This macro-prudential regulation must be co-ordinated with the prudential regulation of individual firms. Operational responsibility for prudential regulation will transfer from the FSA to a new subsidiary of the Bank of England, the Prudential Regulation Authority. The third development is the creation of a dedicated Consumer Protection and Markets Authority (CPMA) with a primary statutory responsibility to promote confidence in financial services and markets. Protection of consumers will be delivered though a strong consumer division within CPMA. The document also covers: the issue of market regulation; co-ordination of the regulatory bodies in a potential crisis; the next steps, including public consultation, legislative passage and operational implementation. The Government will, after considering responses, produce more detailed proposals - including draft legislation - for further consultation in early 2011, with a view to having legislation on the statute book within two years.







A New Approach To Financial Regulation

A new approach to financial regulation PDF
Author: Great BritainH.M. Treasury
Publisher: The Stationery Office
ISBN: 9780101808323
Size: 41.45 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 408
View: 4353

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Book Description:

A New Approach To Financial Regulation

by Great BritainH.M. Treasury, A New Approach To Financial Regulation Book available in PDF, EPUB, Mobi Format. Download A New Approach To Financial Regulation books, This white paper and draft Bill present more detailed proposals for financial regulation reform following on from the consultation paper 'A new approach to financial regulation: judgment, focus and stability' (July 2010, Cm. 7874, ISBN 9780101787420); 'A new approach to financial regulation: building a stronger system' (May 2011, Cm. 8012, ISBN 9780101801225) and continuing policy development by the Treasury, Bank of England and Financial Services Authority. Responsibility for financial stability will rest within the Bank of England, in a new macroprudential body, the Financial Policy Committee, and a new micro-prudential supervisor, the Prudential Regulation Authority. Responsibility for conduct of business will sit with the new Financial Conduct Authority, with the mandate and tools to be a proactive force for enabling the right outcomes for consumers and market participants, including through the promotion of competition. Final responsibility for the overall regulatory framework, and the protection of the public finances remains with the Treasury, and the Chancellor of the Exchequer. An Independent Commission on Banking has also been established to consider what steps should be taken to deal with systemically important banks, alongside the question of whether and how competition in the banking sector should be improved. The Commission proposes: that the most systemically important banks hold additional capital to the Basel III minimum, to make them better at absorbing losses and less likely to fail; 'bail-in' instead of bail-out - so that private investors, not taxpayers, bear the losses if things do go wrong; and putting a ring-fence around high street banking to make it safer and to make it easier to allow a bank to fail without disrupting crucial banking services.