The Development and Regulation of Non-Bank Financial Institutions

Non-bank financial institutions (NBFIs) are becoming an increasingly important segment of the financial system in some developing countries. This book aims to create awareness of the promise of NBFIs for developing countries and to assist policymakers in creating a coherent policy structure and a sound regulatory and supervisory environment for their development. The first chapter offers a coherent policy framework for addressing the regulation of NBFIs and the second chapter addresses the principles for regulation. Subsequent chapters provide an overview of the insurance industry, mutual funds and pension schemes, leasing and real estate companies, and securities markets, and discusses the specific regulatory framework for these institutions. The final chapter explores development policy challenges confronting emerging markets.

Bibliographic Details

Main Authors:	Carmichael, Jeffrey, Pomerleano, Michael
Language:	English en_US
Published:	Washington, DC: World Bank 2002-03
Subjects:	NON-BANK FINANCIAL INSTITUTIONS, REGULATORY FRAMEWORK, CONTRACTUAL SAVINGS, REGULATORY STRUCTURE, INSURANCE COMPANIES, SECURITIES MARKETS, LEASING ARRANGEMENTS, MORTGAGES, REAL ESTATE BUSINESS ACCOUNTABILITY, ACCOUNTING, ACTUARIES, AFFILIATES, ANNUITIES, ANNUITY, ARBITRAGE, ASSET MANAGEMENT, ASYMMETRIC INFORMATION, BALANCE SHEET, BANKS, BOND MARKETS, BONDS, BROKERS, BUILDING SOCIETIES, CAPITAL MARKETS, CAPITAL REQUIREMENTS, CASUALTY INSURANCE, COMMON STOCK, CONCEPTUAL FRAMEWORK, CONTINGENT LIABILITIES, CONTRACTUAL SAVINGS INSTITUTIONS, CORPORATE GOVERNANCE, COVERAGE, CREDIT UNIONS, DEBT, DEFAULT RISK, DEFICITS, DEPOSITORS, DEPOSITS, DERIVATIVES, DISASTERS, ECONOMIC FACTORS, ECONOMIC GROWTH, ECONOMIC RISKS, ECONOMICS, ECONOMIES OF SCALE, EMERGING MARKETS, EMPIRICAL EVIDENCE, EMPLOYMENT, EQUITY MARKETS, FACE VALUE, FEDERAL RESERVE SYSTEM, FIDUCIARY, FIDUCIARY DUTIES, FINANCIAL CONGLOMERATES, FINANCIAL INSTITUTIONS, FINANCIAL INSTRUMENTS, FINANCIAL INTERMEDIARIES, FINANCIAL INTERMEDIARY DEVELOPMENT, FINANCIAL INTERMEDIATION, FINANCIAL MARKETS, FINANCIAL REGULATION, FINANCIAL RESOURCES, FINANCIAL SERVICES, FINANCIAL SUPERVISION, FINANCIAL SYSTEMS, FIXED PREMIUMS, FUTURES, GENERAL INSURANCE, HEDGE FUNDS, HOUSING, HOUSING FINANCE, INCOME, INSPECTIONS, INSURANCE, INSURANCE CONTRACTS, INSURANCE POLICIES, INSURED RISKS, INSURERS, INTERNAL CONTROLS, INTERNATIONAL FINANCE, INVENTORIES, INVESTMENT BANKS, INVESTMENT PRODUCTS, LAWS, LEASED ASSETS, LEGAL FRAMEWORK, LIFE INSURANCE, LIFE INSURANCE COMPANIES, LIQUIDATION, LIQUIDITY, MANDATES, MARKET PRICES, MARKET VALUE, MICROFINANCE, MORAL HAZARD, MUTUAL FUNDS, NEGOTIABLE INSTRUMENTS, NON-LIFE INSURANCE, NONBANK FINANCIAL INSTITUTIONS, OFFERINGS, PENSION FUNDS, PENSION PLANS, PENSIONS, PORTFOLIOS, PREMIUMS, PROGRAMS, PROPERTY INSURANCE, PROPERTY OWNERSHIP, PURCHASING POWER, RATING AGENCIES, REAL ESTATE FINANCE, REGULATORY OBJECTIVES, RESERVE BANK OF AUSTRALIA, RESOURCE ALLOCATION, RETIREMENT, SAVINGS, SECURITIES, SETTLEMENT SYSTEMS, SOCIAL SECURITY, SOLVENCY, SYSTEMIC INSTABILITY, TAXATION, TECHNICAL ASSISTANCE, TRADING SYSTEMS, TRANSPARENCY, UNDERWRITING, UNEMPLOYMENT, UNEMPLOYMENT INSURANCE,
Online Access:	http://documents.worldbank.org/curated/en/2002/03/2014508/development-regulation-non-bank-financial-institutions https://hdl.handle.net/10986/15236
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