The Reform Agenda

The financial crisis has prompted a shift toward a tighter and more macro-prudential approach to financial regulation. But the reform agenda still needs to address the role of supervisory (rather than regulatory) failures, while the institutional arrangements needed to implement the new framework remain to be worked out. For most emerging economies, the existing reform agenda, developing institutional and legal underpinnings for the financial system and promoting financial access, remains valid. But for those characterized by weak financial oversight structures and more volatile economic cycles, adopting capital buffers as part of a macro-prudential regime may be a useful complement.

Bibliographic Details

Main Author:	Stephanou, Constantinos
Format:	Brief biblioteca
Language:	English
Published:	World Bank, Washington, DC 2009-06
Subjects:	ACCOUNTING, ACCOUNTING STANDARDS, ASSET PRICE, AUDITORS, BANK HOLDING, BANK HOLDING COMPANIES, BANK INSOLVENCY, BANK INSOLVENCY FRAMEWORKS, BANKING CRISIS, BANKING INDUSTRY, BANKING INSTITUTIONS, BANKRUPTCY, BANKRUPTCY REGIMES, BROKER, BROKER-DEALERS, BUSINESS CYCLE, CAPITAL REQUIREMENTS, CENTRAL BANK, CENTRAL BANK FACILITIES, CENTRAL BANKS, CLEARINGHOUSES, CODE OF CONDUCT, COLLECTIVE INVESTMENT, COLLECTIVE INVESTMENT SCHEMES, CONFLICTS OF INTEREST, CONSOLIDATION, CONSUMER, CONSUMER PROTECTION, CONTRIBUTION, CORPORATE FRAUD, CREDIT DEFAULT, CREDIT DEFAULT SWAPS, CREDIT DERIVATIVES, CREDIT GROWTH, CREDIT INFORMATION, CREDIT LOSSES, CREDIT RATING, CREDIT RATING AGENCIES, CRISIS MANAGEMENT, CURRENCY, DEPOSIT, DEPOSIT INSURANCE, DEPOSIT INSURANCE COVERAGE, DEPOSITORY, DISPUTE RESOLUTION, DOMESTIC BANKING, EMERGING ECONOMIES, EMERGING-MARKET, EUROPEAN CENTRAL BANK, EXCHANGE COMMISSION, EXTERNALITIES, FEDERAL RESERVE, FINANCIAL ACCOUNTING, FINANCIAL ASSETS, FINANCIAL CRISIS, FINANCIAL DERIVATIVES, FINANCIAL ECONOMIST, FINANCIAL EDUCATION, FINANCIAL GROUPS, FINANCIAL INSTABILITY, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL INSTRUMENTS, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL PRODUCTS, FINANCIAL REFORM, FINANCIAL REFORMS, FINANCIAL REGULATION, FINANCIAL REPORTING, FINANCIAL RISK, FINANCIAL SAFETY NETS, FINANCIAL SECTOR, FINANCIAL SECTOR POLICY, FINANCIAL SECTOR REFORM, FINANCIAL SERVICES, FINANCIAL SERVICES AUTHORITY, FINANCIAL SERVICES REGULATION, FINANCIAL STABILITY, FINANCIAL STATEMENTS, FINANCIAL STRENGTH, FINANCIAL SYSTEM, FINANCIAL SYSTEMS, FOREIGN BANKS, FOREIGN EXCHANGE, FOREIGN EXCHANGE TRANSACTIONS, FREE MARKETS, FULL DISCLOSURE, GLOBAL BANKING, GOVERNANCE STANDARDS, HARMONIZATION, HEDGE FUNDS, HOST COUNTRIES, HOUSING, ILLIQUID ASSETS, ILLIQUIDITY, INCENTIVE STRUCTURES, INFORMATION DISCLOSURE, INSTITUTIONAL ARRANGEMENTS, INSTRUMENT, INSURANCE, INTERNATIONAL ACCOUNTING, INTERNATIONAL ACCOUNTING STANDARDS, INTERNATIONAL COOPERATION, INTERNATIONAL STANDARD, INTERNATIONAL STANDARDS, INVESTMENT ADVISERS, INVESTMENT BANKING, INVESTMENT BANKS, INVESTOR PROTECTION, JUDGMENT, JURISDICTION, JURISDICTIONS, LENDER, LENDER OF LAST RESORT, LENDERS, LENDERS OF LAST RESORT, LEVERAGE, LIQUID MARKET, LIQUID MARKETS, LIQUIDITY, LOAN, LOAN LOSS, LOAN LOSS PROVISIONING, LOAN LOSS PROVISIONS, MANDATE, MANDATES, MARK-TO-MARKET, MARKET DISCIPLINE, MARKET INFRASTRUCTURE, MARKET PARTICIPANTS, MARKET PLAYERS, MARKET RISKS, MONETARY FUND, MONETARY POLICY, MONEY LAUNDERING, MONEY MARKET, MORAL HAZARD, MORTGAGES, NARROW BANKING, NATIONAL CREDIT, NONBANK FINANCIAL INSTITUTIONS, PENSION, PENSION FUND, POLICY RESPONSES, PRIVATE SECTOR DEVELOPMENT, PROVISIONING RULES, PRUDENTIAL FRAMEWORK, PRUDENTIAL REGULATION, PRUDENTIAL SUPERVISION, PUBLIC POLICY, REGULATOR, REGULATORS, REGULATORY AUTHORITIES, REGULATORY AUTHORITY, REGULATORY FRAMEWORK, REGULATORY REFORM, REGULATORY RESTRICTIONS, REGULATORY SYSTEMS, RESIDENTIAL MORTGAGE, RESPONSIBILITIES, RETURN, RISK EXPOSURES, RISK MANAGEMENT, RISK MANAGERS, SAFETY NET, SAFETY NETS, SCANDAL, SCANDALS, SECURITIES, SECURITIES SETTLEMENT, SECURITIES SETTLEMENT SYSTEMS, SENIOR, SETTLEMENT, SETTLEMENT SYSTEMS, STAKEHOLDERS, SUBSIDIARIES, SUPERVISORY AGENCIES, SUPERVISORY AGENCY, SYSTEMIC RISK, SYSTEMIC RISKS, SYSTEMIC STABILITY, TAX, TRACK RECORD, TRADING, TRANSPARENCY, TREASURY, TRUSTEES, UNDERWRITERS, VALUATION, VALUATION STANDARDS, WORLD ECONOMY,
Online Access:	http://documents.worldbank.org/curated/en/2009/06/10849063/reform-agenda http://hdl.handle.net/10986/10246
Tags:	Add Tag No Tags, Be the first to tag this record!