Committee on Banking Regulations and Supervisory Practices: Revised Basle Concordat on Principles for the Supervision of Banks' Foreign Establishments
In: International legal materials: ILM, Band 22, Heft 4, S. 900-908
ISSN: 1930-6571
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In: International legal materials: ILM, Band 22, Heft 4, S. 900-908
ISSN: 1930-6571
In: International legal materials: current documents, Band 22, Heft 4, S. 900
ISSN: 0020-7829
SSRN
In: Studien zum Bank- und Börsenrecht 64
In: International Political Economy Series
Building upon a wide range of literatures this book argues that international regulatory institutions become stronger when oligopolistic institutional arrangements decay and competitive pressures intensify. This is shown to be the case for global finance by careful studies of two inter-state institutions, the Basle Committee on Banking Supervision and the International Organization of Securities Commissions, and of the international banking and securities industries which they seek to regulate.
In: IMF Working Papers
This paper examines the relationship between the quality of banking supervision and governance of the supervisory agency, based on assessments of the Basel Core Principles and the IMF Code on Transparency in Financial Policies, covering 116 and 53 countries, respectively, with 51 common to both. We find a positive correlation between the transparency of the supervisor and the effectiveness of banking supervision; moreover, better accountability and integrity practices of the banking supervisors are associated with higher independence, which in turn is associated with better compliance with the
In: Public choice, Band 121, Heft 1-2, S. 99-130
ISSN: 0048-5829
According to Stigler's capture theory regulation often follows the preferences of producers. Therefore, the interests of the financial industry might be a major driving force for the ongoing supervisory reform debate. This paper identifies possible interests of the regulated industries: Either they might favor strict supervision to create barriers for entry. Or they might use their political influence to press for a lax & low-cost supervisory system. Our empirical results indicate that the private interest view on banking regulation is indeed relevant & that the data is more compatible with a "preference for laxity" than with a "barriers to entry" view. 7 Tables, 1 Figure, 1 Appendix, 24 References. Adapted from the source document.
The system of banking supervision in Europe is undergoing substantial reforms. According to Stigler?s capture theory regulation often follows the preferences of producers. Therefore, the interests of the financial industry might be a major driving force for the ongoing supervisory reform debate. This paper identifies possible interests of the regulated industries: Either they might favour strict supervision to create barriers for entry and thus to reduce competitive pressure in their market. Or they might use their political influence to press for a lax and low-cost supervisory system. A cross-country data base on supervisory systems and financial structure allows the application of a three-step testing procedure. It turns out that the private interest view on regulation is indeed relevant and that the data is more compatible with a ?preference for laxity? than with a ?barriers to entry? view.
BASE
In: Society and economy in Central and Eastern Europe: journal of the Budapest University of Economic Sciences and Public Administration, Band 23, Heft 1-2, S. 47-69
ISSN: 1218-9391
World Affairs Online
"The Basel Committee on Banking Supervision (BCBS) sets the guidelines for world-wide regulation of banks. It is the forum for agreeing international regulation on the conduct of banking. Based on special access to the archives of the BCBS and interviews with many of its key players, this book tells the story of the early years of the Committee from its foundation in 1974/5 right through until 1997 - the year that marks the watershed between the Basel I Accord on Capital Adequacy and the start of work on Basel II. In addition, the book covers the Concordat, the Market Risk Amendment, the Core Principles of Banking and all other facets of the work of the BCBS. While the book is primarily a record of the history of the BCBS, it also provides an assessment of its actions and efficacy. It is a major contribution to the historical record on banking supervision"--