Download Cross-Border Banking: Regulatory Challenges by Gerard Caprio Jr, Douglas D Evanoff, George G Kaufman PDF

By Gerard Caprio Jr, Douglas D Evanoff, George G Kaufman

Cross-border banking, whereas having the opportunity of a extra effective monetary quarter, additionally creates capability demanding situations for financial institution supervisors and regulators. It calls for cooperation by means of regulatory gurus throughout jurisdictions and a transparent delineation of authority and accountability. That delineation is usually no longer current and regulatory gurus frequently have considerably diverse incentives to reply whilst cross-border-active banks stumble upon problems. each one of these concerns have in basic terms started to be heavily evaluated. This quantity, one of many first makes an attempt to deal with those matters, brings jointly specialists and regulators from diversified nations. the wide variety of subject matters mentioned comprise: the present panorama of cross-border financial institution job, the ensuing aggressive implications, rising demanding situations for prudential legislation, protection internet issues, failure solution matters, and the capability destiny evolution of foreign banking.

Show description

Read Online or Download Cross-Border Banking: Regulatory Challenges PDF

Similar economy books

Financial Exclusion

This article is anxious with the more and more very important and complex quarter of economic exclusion, extensively outlined because the lack of ability and/or reluctance of specific societal teams to entry mainstream monetary providers. there's transforming into facts that deregulation in constructed monetary sectors improves monetary inclusion for a few societal teams, yet may well even as exacerbate it for others.

Electricity Economics: Regulation and Deregulation (IEEE Press Series on Power Engineering)

A lucid and up to date advent to realizing electrical energy utilities in an period of changeElectric utilities world wide are present process profound adjustments: nationally owned platforms have gotten privatized, privately owned platforms that have been formerly regulated have gotten deregulated, and nationwide structures have gotten foreign.

Social Reinsurance: A New Approach to Sustainable Community Health Financing

Conventional assets of overall healthiness care financing are usually insufficient leaving a few of the 1. three billion negative humans in low- and middle-income nations with no entry to the main easy healthiness companies. Governments in those international locations have attempted to arrive those excluded populations via public clinics and hospitals.

Additional info for Cross-Border Banking: Regulatory Challenges

Example text

Remarks on Cross Border Banking: Regulatory Challenges 25 The direction of Basel Committee guidance, as well as regulatory comity among the developed world, has tried to deal with the excessive burden, contradictory dictates and occasional conflicts between supervisors by emphasizing the importance and primacy of the home-country supervisor. In theory, where a bank has "comprehensive consolidated supervision" from the home country, there is to be considerable deference paid to that supervisor's decisions and assessments.

That is clearly the case in some Eastern European countries where banks like Citi and some of the Scandinavians are very active. There is also the particular case of GE Capital which owns banks in some Eastern European countries. Supervisors in those countries reasonably ask whether there is not a risk that, in the event of serious liquidity or solvency problems in the parent, their subsidiaries might not be cast adrift. A related, albeit slightly different point is that some banks with large operations overseas may have their head offices in countries where the capacity to supervise and conceivably provide financial support to the whole may be in doubt.

Regulators also have incentives to cooperate and share more information in order to economize on scarce resources. Remember, effective cross-border regulation and supervision is a lot about trust and communication. You cannot communicate effectively with, much less trust, someone who operates a system not even remotely close to your own. 3. What to Do — Some Suggestions I have four suggestions on what to do in the short term to make progress. First, international organizations involved in rule making and standard setting need to make sure their governance and processes are adapted to the world I have just described.

Download PDF sample

Rated 4.25 of 5 – based on 43 votes