Should Financial Sector Regulators Be Independent PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Should Financial Sector Regulators Be Independent PDF full book. Access full book title Should Financial Sector Regulators Be Independent.
Author | : Mr.Marc Quintyn |
Publisher | : International Monetary Fund |
Total Pages | : 24 |
Release | : 2004-03-08 |
Genre | : Business & Economics |
ISBN | : 9781589063099 |
Download Should Financial Sector Regulators Be Independent? Book in PDF, ePub and Kindle
In nearly every major financial crisis of the past decade-from East Asia to Russia, Turkey, and Latin America-political interference in financial sector regulation helped make a bad situation worse. Political pressures not only weakened financial regulation, but also hindered regulators and supervisors from taking action against troubled banks. This paper investigates why, to fulfill their mandate to preserve financial sector stability, financial sector regulators and supervisors need to be independent-from the financial services industry as well as from the government-as well as accountable.
Author | : Marc Quintyn |
Publisher | : |
Total Pages | : 24 |
Release | : 2004-01-01 |
Genre | : |
ISBN | : 9781589063136 |
Download Should Financial Sector Regulators Be Independent? Book in PDF, ePub and Kindle
In nearly every major financial crisis of the past decade--from East Asia to Russia, Turkey, and Latin America--political interference in financial sector regulation helped make a bad situation worse. Political pressures not only weakened financial regulation, but also hindered regulators and supervisors from taking action against troubled banks. This paper investigates why, to fulfill their mandate to preserve financial sector stability, financial sector regulators and supervisors need to be independent--from the financial services industry as well as from the government--as well as accountable.
Author | : OECD |
Publisher | : Org. for Economic Cooperation & Development |
Total Pages | : 0 |
Release | : 2016 |
Genre | : Independent regulatory commissions |
ISBN | : 9789264255395 |
Download Being an Independent Regulator Book in PDF, ePub and Kindle
This report identifies the critical points where undue influence can be exercised at different moments in the life of a regulator and discusses some of the avenues for developing a culture of independence, including through interactions with stakeholders, staffing and financing.
Author | : |
Publisher | : |
Total Pages | : |
Release | : 2004 |
Genre | : Economics |
ISBN | : |
Download Should Financial Regulators be Independent? Book in PDF, ePub and Kindle
Author | : Great Britain. Treasury |
Publisher | : The Stationery Office |
Total Pages | : 138 |
Release | : 2011-02-17 |
Genre | : Business & Economics |
ISBN | : 9780101801225 |
Download A new approach to financial regulation Book in PDF, ePub and Kindle
This document presents more detailed proposals for financial regulation following on from the consultation paper "A new approach to financial regulation: judgment, focus and stability" (July 2010, Cm. 7874, ISBN 9780101787420) and continuing policy development by the Treasury, Bank of England and Financial Services Authority. The Government's reforms focus on three key institutional changes. First, a new Financial Policy Committee (FPC) will be established in the Bank of England, with responsibility for 'macro-prudential' regulation, or regulation of stability and resilience of the financial system as a whole. Second, 'micro-prudential' (firm-specific) regulation of financial institutions that manage significant risks on their balance sheets will be carried out by an operationally independent subsidiary of the Bank of England, the Prudential Regulation Authority (PRA). Thirdly, responsibility for conduct of business regulation will be transferred to a new specialist regulator, the Financial Conduct Authority (FCA). Individual chapters cover: Bank of England and Financial Policy Committee; Prudential Regulation Authority; Financial Conduct Authority; regulatory process and co-ordination; compensation, dispute resolution and financial education; European and international issues; next steps; how to respond; impact assessment. The chapters contain significant detail on how the legislative framework will be constructed in order to deliver the Governments' priorities for the framework. The Government will consult on these proposals with a view to publishing a draft bill in spring 2011.
Author | : Udaibir S. Das |
Publisher | : International Monetary Fund |
Total Pages | : 50 |
Release | : 2004-05 |
Genre | : Business & Economics |
ISBN | : |
Download Does Regulatory Governance Matter for Financial System Stability? An Empirical Analysis Book in PDF, ePub and Kindle
This paper provides empirical evidence that the quality of regulatory governance-governance practices adopted by financial system regulators and supervisors-matters for financial system soundness. The paper constructs indices of financial system soundness and regulatory governance, based on country data collected from the Financial Sector Assessment Program (FSAP). Regression results indicate that regulatory governance has a significant influence on financial system soundness, along with variables reflecting macroeconomic conditions, the structure of the banking system, and the quality of political institutions and public sector governance. The results also indicate that good public sector governance amplifies the impact of regulatory governance on financial system soundness.
Author | : Markus Konrad Brunnermeier |
Publisher | : |
Total Pages | : |
Release | : 2009 |
Genre | : |
ISBN | : |
Download The fundamental principles of financial regulation Book in PDF, ePub and Kindle
Author | : |
Publisher | : Cambria Press |
Total Pages | : 330 |
Release | : |
Genre | : |
ISBN | : 1621968855 |
Download Legal Aspects of Combating Corruption: The Case of Zambia Book in PDF, ePub and Kindle
Author | : Howard Davies |
Publisher | : John Wiley & Sons |
Total Pages | : 180 |
Release | : 2013-05-08 |
Genre | : Business & Economics |
ISBN | : 0745655882 |
Download Global Financial Regulation Book in PDF, ePub and Kindle
As international financial markets have become more complex, so has the regulatory system which oversees them. The Basel Committee is just one of a plethora of international bodies and groupings which now set standards for financial activity around the world, in the interests of protecting savers and investors and maintaining financial stability. These groupings, and their decisions, have a major impact on markets in developed and developing countries, and on competition between financial firms. Yet their workings are shrouded in mystery, and their legitimacy is uncertain. Here, for the first time, two men who have worked within the system describe its origins and development in clear and accessible terms. Howard Davies was the first Chairman of the UK's Financial Services Authority, the single regulator for the whole of Britain's financial sector. David Green was Head of International Policy at the FSA, after spending thirty years in the Bank of England, and has been closely associated with the development of the current European regulatory arrangements. Now with a revised and updated introduction, which catalogues the changes made since the credit crisis erupted, this guide to the international system will be invaluable for regulators, financial market practitioners and for students of the global financial system, wherever they are located. The book shows how the system has been challenged by new financial instruments and by new types of institutions such as hedge funds and private equity. Furthermore, the growth in importance of major developing countries, who were excluded for far too long from the key decision-making for a has led to a major overhaul. The guide is essential reading for all those interested in the development of financial markets and the way they are regulated. The revised version is only available in paperback.
Author | : Sunduzwayo Madise |
Publisher | : |
Total Pages | : 25 |
Release | : 2014 |
Genre | : |
ISBN | : |
Download Rationale of Regulating the Financial Services, Models of Regulation and Need for Regulatory Independence Book in PDF, ePub and Kindle
Theory suggests that the primary role of financial institutions and capital markets is to facilitate the allocation of resources in an uncertain environment across space and time.Therefore regulation of the financial sector has a crucial role to play, especially in the development of third world countries, most of whom have enormous wealth disparities between sections of their populace. A key objective of regulation is to redress information asymmetries that sometimes exist in financial services businesses usually to the disfavour of the consumer. Although most often the regulator is also the supervisor, the role of the regulator and that of the supervisor are. In most jurisdictions however, the powers to regulate and to supervise the activities of the financial services sector reside in the same institution. The regulatory framework of financial services often comprises primary regulation, secondary legislation and guidance and (policy) directives and directions issued by the regulator. This paper looks at the rationale for regulation, the different models of regulation in the financial services and what they are aimed to achieve. The paper also looks at the broad objectives of regulation even in the absence of a unified theory of financial service regulation, such as investor protection, ensuring fairness, reducing contagion, protection against malpractices and maintaining consumer confidence.The paper also analyses the pros and cons of single, twin-peaks and multiple financial regulator and why regulators need to be independent [but accountable] whilst at the same time avoiding industry capture.Although the paper discussed regulation broadly, it discusses financial services regulation in the context of the Malaŵian financial regulatory framework with a brief overview of the regulatory models in the United Kingdom and Zambia.