Scaling-up Regional Financial Integration in the East African Community

This report follows up on a 2007 World Bank study, Financial Sector Integration in Two Regions of Sub-Saharan Africa: How Creating Scale in Financial Markets Can Support Growth and Development (FSITR henceforth) which identified the opportunities associated with regionalization of financial markets in sub-Saharan Africa (SSA), and also the many challenges associated with realizing the potential of such arrangements. This effort furthers and updates the analysis of the EAC in FSITR by focusing on two aspects of trade in financial services within the EAC:Documenting a clearer picture of financial integration in the EAC, as it is actually taking shape on the ground; and elaborating on the challenges specific to the integration of Burundi and Rwanda who joined the EAC subsequent to the preparation of FSITR. The recommendations are intended to provide inputs which will assist identification of projects to be financed under the proposed EAC Regional Financial Markets Integration Project.

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Bibliographic Details
Main Author: World Bank
Language:English
en_US
Published: Washington, DC 2012-01
Subjects:ACCOUNTING, ACCOUNTING STANDARDS, ACCOUNTING SYSTEMS, AMORTIZATION, ASSET QUALITY, AUDITING, BALANCE SHEET, BANK ACCOUNTS, BANK OF MAURITIUS, BANK OF TANZANIA, BANK REGULATION, BANK SUPERVISION, BANKING CRISIS, BANKING LAW, BANKING MARKET, BANKING REGULATION, BANKING SECTOR, BANKING SECTORS, BANKING SERVICES, BANKING SUPERVISION, BANKING SYSTEM, BANKING SYSTEMS, BARRIERS TO ENTRY, BASLE CORE PRINCIPLES, BOND, BOND ISSUANCE, BOND ISSUES, BOND MARKETS, BROAD MONEY, BROKERAGES, BROKERS, CAPACITY BUILDING, CAPITAL ACCOUNT, CAPITAL ACCOUNT RESTRICTIONS, CAPITAL ADEQUACY, CAPITAL FLOWS, CAPITAL INVESTMENT, CAPITAL MARKET, CAPITAL MARKETS, CAPITAL MARKETS DEVELOPMENT, CAPITAL REQUIREMENT, CAPITAL REQUIREMENTS, CAPITALIZATION, CENTRAL BANK, CENTRAL BANKS, CITY BANK, CIVIL LAW, CLEARING HOUSE, COLLECTIVE INVESTMENT, COMMERCIAL BANK, COMMERCIAL BANKING, COMMERCIAL BANKS, COMMON LAW, COMMON TRADING PLATFORM, CONSOLIDATED SUPERVISION, CORPORATE BORROWERS, CORPORATE DEBT, CORPORATE GOVERNANCE, CREDIT APPROVAL, CREDIT CULTURE, CREDIT RISKS, CREDIT TRANSACTIONS, CROSS-BORDER FLOWS, CURRENCY, DEBT, DEBT INSTRUMENTS, DEPOSITS, DERIVATIVES, DEVELOPMENT BANK, DIRECT INVESTMENT, DOMESTIC BANKS, DOMESTIC CORPORATE BOND, ECONOMIC DEVELOPMENT, EMERGING MARKET, EQUIPMENT, EXCHANGE CONTROLS, FINANCIAL CRISIS, FINANCIAL DEVELOPMENT, FINANCIAL FLOWS, FINANCIAL INFRASTRUCTURE, FINANCIAL INSTITUTIONS, FINANCIAL INTEGRATION, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL MARKETS DEVELOPMENT, FINANCIAL SECTOR DEVELOPMENT, FINANCIAL SERVICES, FINANCIAL STABILITY, FINANCIAL SUPPORT, FINANCIAL SYSTEM, FINANCIAL SYSTEMS, FOREIGN BANK, FOREIGN BANKS, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN FINANCIAL INSTITUTIONS, FOREIGN INVESTMENT, FOREIGN INVESTORS, FUND MANAGEMENT, GOVERNMENT BONDS, HEDGE FUNDS, HOME MARKET, HOME MARKETS, HOST COUNTRY, HOUSING, HUMAN CAPITAL, HUMAN RESOURCE, INITIAL PUBLIC OFFERINGS, INSTITUTIONAL INVESTORS, INSURANCE, INSURANCE COMPANIES, INSURANCE COMPANY, INSURANCE MARKET, INSURANCE PREMIUMS, INSURANCE PRODUCTS, INSURANCE SECTOR INVESTMENT, INTERNATIONAL INSTITUTIONAL INVESTORS, INVESTING, INVESTMENT BANK, INVESTMENT BANKING, INVESTMENT BANKS, INVESTMENT CLIMATE, INVESTMENT FLOW, INVESTMENT FLOWS, INVESTMENT OPPORTUNITIES, INVESTMENT REQUIREMENTS, INVESTOR BASE, INVESTOR PARTICIPATION, IPO, JUDICIAL SYSTEM, LAWS, LEGAL SYSTEMS, LEGISLATION, LEVEL PLAYING FIELD, LIBERALIZATION OF TRADE, LIFE INSURANCE, LIFE INSURANCE PRODUCTS, LIQUIDITY, LIQUIDITY CONSTRAINTS, LOAN, LOCAL BUSINESSES, LOCAL INVESTOR, LOCAL INVESTORS, MARKET CAPITALIZATION, MARKET CONDITIONS, MARKET FOR GOVERNMENT DEBT, MARKET INTEGRATION, MARKET PARTICIPANTS, MARKET SIZE, MARKET TURNOVER, MATURITY, MICROFINANCE, MICROFINANCE INSTITUTION, MICROFINANCE INSTITUTIONS, MINIMUM CAPITAL REQUIREMENT, MINIMUM CAPITAL REQUIREMENTS, NATIONAL BANK, NEW ENTRANTS, NONPERFORMING LOAN, NONPERFORMING LOANS, PAYMENT OF INTEREST, PENSION, PENSION FUNDS, PENSIONS, PORTFOLIO, PORTFOLIO INVESTMENTS, PRIVATE CAPITAL, PRIVATE SECTOR BANKS, PRIVATE SECTOR CREDIT, PRIVATIZATION, PROFIT MARGINS, PROFITABILITY, REAL SECTOR, REGIONAL BOND MARKET, REGULATORY AUTHORITY, REGULATORY FRAMEWORK, REGULATORY FRAMEWORKS, RESERVES, RETAIL INVESTORS, RETURN, RETURN ON ASSETS, RETURN ON EQUITY, RETURNS, RETURNS ON EQUITY, RISK MANAGEMENT, SECURITIES, SECURITIES LAWS, SECURITIES MARKET, SETTLEMENT, SETTLEMENT SYSTEMS, STOCK EXCHANGE, STOCK EXCHANGES, STOCK MARKET, STOCK MARKETS, STOCKS, STRATEGIC INVESTOR, SUBSIDIARIES, SUBSIDIARY, SUPERVISORY CAPACITIES, TAX, TAX LAWS, TAX REGIME, TAX REGIMES, TECHNICAL ASSISTANCE, TELECOMMUNICATIONS, TRADING, TRADING SYSTEM, TRANSACTION, TRANSACTION COSTS, TRANSPORT, TREASURY, TREASURY BILLS, TREASURY OPERATIONS, TREATY, TURNOVER FIGURES, WITHHOLDING TAX,
Online Access:http://documents.worldbank.org/curated/en/2012/01/16338324/scaling-up-regional-financial-integration-east-african-community-vol-1-1
https://hdl.handle.net/10986/13031
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