Road To A Resilient Financial Sector

Author : Aditya Narain
Publisher : International Monetary Fund
ISBN 13 : 147556936X
Total Pages : 291 pages
Book Rating : 4.60/5 ( download)

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Download or read book Building a More Resilient Financial Sector written by Aditya Narain and published by International Monetary Fund. This book was released on 2012-04-11 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF, with the Bank for International Settlements and the Financial Stability Board, has been at the forefront of discussions on reform of the global financial system to reduce the possibility of future crises, as well as to limit the consequences if they do occur. The policy choices are both urgent and challenging, and are complicated by the relationship between sovereign debt and risks to the banking sector. Building a More Resilient Financial Sector describes the key elements of the reform agenda, including tighter regulation and more effective supervision; greater transparency to strengthen market discipline and limit incentives for risk taking; coherent mechanisms for resolution of failed institutions; and effective safety nets to limit the impact on the financial system of institutions viewed as "too big to fail." Finally, the book takes a look ahead at how the financial system is likely to be shaped by the efforts of policymakers and the private sector response.

Author : Muhammad Ali
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.98/5 ( download)

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Download or read book Road to a Resilient Financial Sector written by Muhammad Ali and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. financial sector has been plagued by crises in the last few decades. The Dodd-Frank Act was the most substantial set of reforms in recent history aimed at making the financial sector more resilient and stable than before. We analyze the effects of the Dodd-Frank Act in reducing systemic risk in the financial system. We find that the Dodd-Frank Act reduced systemic risk in the financial system by conducting a panel regression on 15 of the most prominent financial institutions in the U.S. However, our results suggest that the enactment of the Dodd-Frank Act and the Global Financial Crisis '08 coincide acting as the main driver for the reduction in systemic risk. It is imperative to refine risk-management tools and make data more accessible in order to protect the financial sector from future crises as the health of our economy depends on it.

Author : Stephane Hallegatte
Publisher : World Bank Publications
ISBN 13 : 1464814317
Total Pages : 220 pages
Book Rating : 4.10/5 ( download)

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Download or read book Lifelines written by Stephane Hallegatte and published by World Bank Publications. This book was released on 2019-07-16 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructure—electricity, telecommunications, roads, water, and sanitation—are central to people’s lives. Without it, they cannot make a living, stay healthy, and maintain a good quality of life. Access to basic infrastructure is also a key driver of economic development. This report lays out a framework for understanding infrastructure resilience - the ability of infrastructure systems to function and meet users’ needs during and after a natural hazard. It focuses on four infrastructure systems that are essential to economic activity and people’s well-being: power systems, including the generation, transmission, and distribution of electricity; water and sanitation—especially water utilities; transport systems—multiple modes such as road, rail, waterway, and airports, and multiple scales, including urban transit and rural access; and telecommunications, including telephone and Internet connections.

Author : MissMercedes Vera Martin
Publisher : International Monetary Fund
ISBN 13 : 148436077X
Total Pages : 49 pages
Book Rating : 4.74/5 ( download)

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Download or read book Building Resilient Banking Sectors in the Caucasus and Central Asia written by MissMercedes Vera Martin and published by International Monetary Fund. This book was released on 2018-07-06 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: External shocks since 2014—lower oil prices and slower growth in key trading partners—have put financial sectors, mainly banks, in the eight Caucasus and Central Asia (CCA) countries under increased stress. Even before the shocks, CCA banking sectors were not at full strength. Asset quality was generally weak, due in part to shortcomings in regulation, supervision, and governance. The economies were highly dollarized. Business practices were affected by lack of competition and, in most countries, connected lending, which undermined banking sector health. Shortcomings in financial regulation and supervision allowed the unsound banking practices to remain unaddressed. The external shocks exacerbated in these underlying vulnerabilities. Strains in CCA banking sectors intensified as liquidity tightened, asset quality deteriorated, and banks became undercapitalized. These challenges have required public intervention in some cases.

Author : International Monetary Fund. Middle East and Central Asia Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484366336
Total Pages : 49 pages
Book Rating : 4.32/5 ( download)

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Download or read book Building Resilient Banking Sectors in the Caucasus and Central Asia written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2018-07-06 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: External shocks since 2014—lower oil prices and slower growth in key trading partners—have put financial sectors, mainly banks, in the eight Caucasus and Central Asia (CCA) countries under increased stress. Even before the shocks, CCA banking sectors were not at full strength. Asset quality was generally weak, due in part to shortcomings in regulation, supervision, and governance. The economies were highly dollarized. Business practices were affected by lack of competition and, in most countries, connected lending, which undermined banking sector health. Shortcomings in financial regulation and supervision allowed the unsound banking practices to remain unaddressed. The external shocks exacerbated in these underlying vulnerabilities. Strains in CCA banking sectors intensified as liquidity tightened, asset quality deteriorated, and banks became undercapitalized. These challenges have required public intervention in some cases.

Author : Carl-Johan Lindgren
Publisher :
ISBN 13 : 9781557758712
Total Pages : 103 pages
Book Rating : 4.19/5 ( download)

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Download or read book Financial Sector Crisis and Restructuring written by Carl-Johan Lindgren and published by . This book was released on 1999 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.

Author : Monetary Authority Of Singapore
Publisher : World Scientific
ISBN 13 : 9811250138
Total Pages : 522 pages
Book Rating : 4.32/5 ( download)

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Download or read book Resilience, Dynamism, Trust: 50 Landmark Statements By Mas Leaders written by Monetary Authority Of Singapore and published by World Scientific. This book was released on 2021-10-04 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Monetary Authority of Singapore (MAS) is Singapore's central bank and integrated financial regulator. As a central bank, MAS promotes sustained, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis. It manages Singapore's exchange rate, official foreign reserves, and liquidity in the banking sector. As an integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore — banks, insurers, capital market intermediaries, financial advisors and financial market infrastructures. It is also responsible for well-functioning financial markets, sound conduct, and investor education. MAS also works with the financial industry to promote Singapore as a dynamic international financial centre. It facilitates the development of infrastructures, adoption of technology, and upgrading of skills in the financial industry.This 50th anniversary compilation provides convenient access to the thinking behind MAS' policies and strategies as they have evolved, through 50 landmark statements by its leaders.

Author : Augusto de la Torre
Publisher : World Bank Publications
ISBN 13 : 0821388479
Total Pages : 279 pages
Book Rating : 4.71/5 ( download)

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Download or read book Financial Development in Latin America and the Caribbean written by Augusto de la Torre and published by World Bank Publications. This book was released on 2011-11-30 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial systems of Latin America and the Caribbean (LAC) have been widely resilient to the global financial crisis, which reflects strong progress in both macroeconomic management and prudential oversight. However, the current juncture provides a unique tapestry upon which this book examines several key questions and challenges looking forward. Does LAC continue to underperform on some key financial development indicators and, if so, why? How can LAC's financial systems contribute more effectively to the region's welfare and growth? How can LAC secure the benefits of deepening financial development while avoiding the fault lines that recently burst to the surface in other parts of the world?

Author : John Taskinsoy
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783659306969
Total Pages : 236 pages
Book Rating : 4.67/5 ( download)

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Download or read book Basel III: Road to Resilient Banking written by John Taskinsoy and published by LAP Lambert Academic Publishing. This book was released on 2013-01 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial crises since late 1990s have cost the investors a jaw-dropping nearly $20 trillion which is 25% more than the United States' 2012 GDP and it is little over one fourth of the world GDP ($79 trillion in 2011). The World Bank said "While we cannot hope to prevent crises, we can perhaps make them fewer and milder by adopting and implementing better regulation-in particular, more macro-prudential regulation." The Basel Committee on Banking Supervision has released the following statement, "A strong and resilient banking system is the foundation for sustainable economic growth, as banks are at the center of the credit intermediation process between savers and investors." IMF praised Turkish financial system for its resilience during the 2008 global financial crisis and contributed its huge success to "significant capital buffers built up aftermath of the 2001 banking crisis, more effective fiscal and monetary management, strengthened banking regulation and supervision, and conservative banking practices." Turkish Banking sector currently has a comfortable 16.5% CAR which is well above Basel II's current 7% or Basel III's 10.5% minimum capital requirement effective by 2019.

Author : Gunilla Sundström
Publisher : CRC Press
ISBN 13 : 1317126017
Total Pages : 216 pages
Book Rating : 4.10/5 ( download)

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Download or read book Governance and Control of Financial Systems written by Gunilla Sundström and published by CRC Press. This book was released on 2017-06-12 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent financial crisis has made it paramount for the financial services industry to find new perspectives to look at their industry and, most importantly, to gain a better understanding of how the global financial system can be made less vulnerable and more resilient. The primary objective of this book is to illustrate how the safety science of Resilience Engineering can help to gain a better understanding of what the financial services system is and how to improve governance and control of financial services systems by leveraging some of its key concepts. Resilience is the intrinsic ability of a system to adjust its functioning prior to, during, or following changes and disturbances, so that it can sustain required operations under both expected and unexpected conditions. This definition is focused on the ability to function, rather than just to be impervious to failure, and thereby bridges the traditional conflict between productivity and safety. The core concept of the book is that the behaviour of the financial services system is the result of the tight couplings among the humans, organizations and technologies that are necessary to provide complex financial functions such as the transfer of economic resources. It is a consequence of this perspective that the risks associated with these systems cannot be understood without considering the nature of these tight couplings. Adopting this perspective, the book is designed to provide some answers to the following key questions about the financial crisis: - What actually happened? - Why and how did it happen? - Could something similar happen again? How can we see that in time and how can we control it? - How can sustainable recovery of the global financial system be established? How can its resilience be improved?