Issues in the Unification of Financial Sector Supervision
In: IMF Working Papers, S. 1-0
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In: IMF Working Papers, S. 1-0
SSRN
In: IMF Working Paper, S. 1-33
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In: De Nederlandsche Bank Working Paper No. 388
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Working paper
In: The Geneva papers on risk and insurance - issues and practice, Band 34, Heft 1, S. 9-23
ISSN: 1468-0440
In: IMF Working Paper, S. 1-32
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This technical note discusses the current status of banking supervision and regulation in Montenegro in the context of select Basel Core Principles (BCP). This note has been prepared as part of a Financial Sector Assessment Program (FSAP) update conducted jointly by the International Monetary Fund (IMF) and World Bank (WB) in September 2015. As agreed with the authorities, the FSAP tea
BASE
The securities and exchange commission (SEC) is the main regulator of the capital market in the Philippines, but its resources are insufficient to adequately address its core functions, especially the supervision of capital market participants, and yet it has to address other legal responsibilities unrelated to capital markets. Other agencies also have capital market regulatory responsibilities, creating a fragmented regulatory framework that causes inconsistencies detrimental to the market and to investors' protection. The existence of regulatory arbitrage, supervisory overlaps, and enforcement gaps evidences the need for an active periodic procedure with other financial system regulators to coordinate supervision activities and review unregulated products, markets, market participants and activities. It should include information sharing and analysis of areas where there may be arbitrage, overlap, gaps, and risks to investor protection and market fairness, efficiency and transparency or other risks to the financial system. A clear and consistent risk-based approach for the SEC supervision of capital market intermediaries is needed. The bank secrecy legislation of Philippines impedes prompt access by the SEC to bank account information.
BASE
In: Europe and the Governance of Global Finance, S. 16-34
In: IMF Working Papers, S. 1-45
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In: International Journal of Public Sector Management, Band 25, Heft 6/7, S. 437-443
PurposeThe purpose of this paper is to consider financial services sector macro‐prudential and micro‐prudential supervisory reforms in the European Union (EU). It aims to critically examine the new system, reviewing in particular the adequacy of the reform to address financial crises.Design/methodology/approachThe paper is based on a qualitative analysis of the relevant academic and trade literature.FindingsIn considering the new EU supervisory system's constitutional and legal foundation and its organizational structure, the study highlights the revamped and complex architecture's strengths and limitations.Originality/valueThe paper makes a contribution to the understanding of the new financial services sector supervisory system in the EU; few studies have analyzed its constitutional legality and satisfactoriness for the prevention of new crises.
In: International journal of public sector management: IJPSM, Band 25, Heft 6-7
ISSN: 0951-3558
In: International journal of public sector management, Band 25, Heft 6-7
ISSN: 1758-6666
In: The JSRI Journal of Financial and Securities Markets, No. 72, 2010
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In: International journal of public sector management: IJPSM, Band 25, Heft 6, S. 437-444
ISSN: 0951-3558