Download or read book The Concept of Integrated Financial Supervision and Regulation of Financial Conglomerates in Germany and the United Kingdom written by Tatyana Filipova and published by Nomos Verlagsgesellschaft. This book was released on 2007 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Die Zusammenlegung von Banken-, Versicherungs- und Wertpapieraufsicht zu einer Behorde liegt seit einigen Jahren international im Trend. Diese Studie untersucht aus rechtsvergleichender Perspektive, wie das Allfinanzaufsichtskonzept in Deutschland und Groabritannien implementiert wurde, und welche Auswirkungen dies auf die Beaufsichtigung von Finanzkonglomeraten hat. Die Unterschiede zwischen Deutschland und Groabritannien bei der Regulierung von Finanzkonglomeraten werden anhand einer Reihe von historischen, wirtschaftlichen, kulturellen und politischen Faktoren erklart. Daruber hinaus zeigt die Arbeit, dass eine integrierte Aufsichtsstruktur, die lediglich durch administrative Verschmelzung sektoraler Zustandigkeiten geschaffen wird, zu inkoharenten und belastenden Regeln fuhren kann, wenn dabei die verschiedenen Aufsichtsziele, -methoden und -regeln nicht harmonisiert werden. Daher ist eine solche Struktur unter Umstanden nicht dazu geeignet, die potenziellen Vorteile der integrierten Finanzaufsicht nutzbar zu machen. Die Arbeit richtet sich insbesondere an Wissenschaftler und Praktiker, die auf dem Gebiet der Finanzregulierung tatig sind.
Download or read book The Concept of Integrated Financial Supervision and Regulation of Financial Comglomerates in Germany and the United Kingdom written by Tatyana Filipova and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Concept of Integrated Financial Supervision and Regulating of Financial Conglomerates in Germany and the United Kingdom written by Tatyana Filipova and published by . This book was released on 2007 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Survey of Integrated Financial Sector Supervision written by Jose de Luna-Martinez and published by World Bank Publications. This book was released on 2003 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Regulation and Supervision of Domestic Financial Conglomerates written by David H. Scott and published by World Bank Publications. This book was released on 1994 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Is One Watchdog Better Than Three International Experience with Integrated Financial Sector Supervision written by Martin Cihák and published by International Monetary Fund. This book was released on 2006-03 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, there has been a clear trend toward integrating the regulation and supervision of banks, nonbank financial institutions, and securities markets. This paper reviews the international experience with integrated supervision. We survey the theoretical arguments for and against the integrated supervisory model, and use data on compliance with international standards to assess the validity of some of these arguments. We find that (i) full integration is associated with higher quality of supervision in insurance and securities and greater consistency of supervision across sectors, after controlling for the level of development; and (ii) fully integrated supervision is not associated with a significant reduction in supervisory staff.
Download or read book An International Comparison of Banking Regulatory Structures written by and published by . This book was released on 1990 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Aligning Financial Supervisory Structures with Country Needs written by Jeffrey Carmichael and published by World Bank Publications. This book was released on 2004 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication contains the proceedings of an international conference on the regulation of financial institutions and supervisory structural reforms, held in Washington D.C., United States in December 2003 and involving participants from 52 countries. It considers case studies of experiences of regulatory reform approaches adopted in a number of countries including Australia, South Africa, Ireland, Sweden, Hungary and Estonia.
Download or read book Financial Stability and Prudential Regulation written by Alison Lui and published by Taylor & Francis. This book was released on 2016-10-04 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial stability is one of the key tenets of a central bank’s functions. Since the financial crisis of 2007-2009, an area of hot debate is the extent to which the central bank should be involved with prudential regulation. This book examines the macro and micro-prudential regulatory frameworks and systems of the United Kingdom, Australia, the United States, Canada and Germany. Drawing on the regulator frameworks of these regions, this book examines the central banks’ roles of crisis management, resolution and prudential regulation. Alison Lui compares the institutional structure of the new ‘twin-peaks’ model in the UK to the Australian model, and the multi-regulatory US model and the single regulatory Canadian model. The book also discusses the extent the central bank in these countries, as well as the ECB, are involved with financial stability, and argues that the institutional architecture and geographical closeness of the Bank of England and Financial Policy Committee give rise to the fear that the UK central bank may become another single super-regulator, which may provide the Bank of England with too much power. As a multi-regional, comparative study on the importance and effectiveness of prudential regulation, this book will be of great use and interest to students and researchers in finance and bank law, economics and banking.
Download or read book The European Banking Regulation Handbook Volume I written by Christos V. Gortsos and published by Springer Nature. This book was released on 2023-06-10 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt: In two volumes, this book covers in a comprehensive, internally balanced, systematic and detailed way the field of European Union (EU) banking law and regulation. In three parts, Volume I offers a brief introduction to the role of banks in the contemporary financial system and the theory of banking regulation, a thorough analysis of international financial standards which are contained in the sources of public international banking law (and of public international financial law, in general), a detailed presentation of the gradual evolution and the sources of EU banking law, as well as a precise analysis of the law-making process and the key institutional aspects of this branch of EU economic law. The standards and rules adopted and the institutions created in the aftermath of the (2007-2009) global financial crisis and the subsequent euro area fiscal crisis, as well as during the current pandemic crisis are discussed, as appropriate. A detailed analysis of the substantive aspects of EU banking law will follow in Volume II
Download or read book Integration of Financial Supervision written by and published by . This book was released on 2007 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Survey of Integrated Financial Sector Supervision written by José de Luna-Martinez and published by . This book was released on 2016 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the intense debate on the advantages and disadvantages of adopting integrated supervision that has taken place in recent years, little is known about the experiences of countries that have adopted it and the obstacles and challenges they have faced to implement it. In an attempt to shed light on this area, de Luna Martinez and Rose present the results of a survey conducted in a group of 15 countries that have adopted integrated supervision. After a brief review of the literature on integrated supervision, the authors examine four topics:- The reasons cited by this group of countries for establishing an integrated supervisory agency.- The scope of regulatory and supervisory powers of these agencies.- The progress of these agencies in harmonizing their regulatory and supervisory practices across the intermediaries they supervise.- The practical problems faced by policymakers in adopting integrated supervision.The survey revealed that the group of integrated supervisory agencies is not as homogeneous as it seems. Important differences arise with regard to the scope of regulatory and supervisory powers the agencies have been given. In fact, contrary to popular belief, less than 50 percent of the agencies can be categorized as mega-supervisors. Another finding is that in most countries progress toward the harmonization of prudential regulation and supervision across financial intermediaries remains limited. Interestingly, the survey revealed that practically all countries believe they have achieved a higher degree of harmonization in the regulation and supervision of banks and securities companies than between banks and insurance firms. The survey also identified some practical problems faced by this group of countries in establishing their unified supervisory agencies. The authors discuss these problems, along with the practical lessons and recommendations provided by the 15 agencies to other countries considering integrated supervision, in the final section of the paper.This paper - a product of Financial Sector Operations and Policy Department - is part of a larger effort in the department to analyze recent developments in financial sector regulation and supervision.
Download or read book European Central Banking Law written by Christos V. Gortsos and published by Springer Nature. This book was released on 2020-02-14 with total page 487 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive overview of European Union (EU) central banking law, a field of EU economic law which emerged in the late 1990s and has developed rapidly ever since. European central banking law pertains to the rules governing the functions, operation, tasks and powers of the European Central Bank (ECB) and the national central banks (NCBs) of EU Member States. Systematically presenting and analysing the role of the ECB as a monetary and banking supervisory authority, the book discusses its changing and developing responsibilities following the financial crisis of 2007-2009 and the ongoing fiscal crisis in the euro area. The book also highlights the ECB’s significant role in relation to the resolution of credit institutions, as well as, conversely, its relatively limited role in respect of last-resort lending to EU credit institutions exposed to liquidity risk. The related tasks and powers of the ECB are presented in light of its interaction with NCBs within the Eurosystem, the European System of Financial Supervision, the Single Supervisory System and the Single Resolution Mechanism. Providing a detailed analysis of the legal framework governing (mainly) the ECB’s monetary policy and other basic tasks within the Eurosystem and its specific tasks in relation to banking supervision and macro-prudential financial oversight, this comprehensive book will be of interest to researchers, practitioners and students in the fields of EU monetary and banking law.
Download or read book Financial Supervision in Europe written by Jeroen J. M. Kremers and published by Edward Elgar Publishing. This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Supervision in Europe discusses the implications of financial market integration for the structure of financial supervision in the European Union. It argues that, at present, negotiations on a European system of supervisors might lead to a compromise that may prove sub-optimal given the evolution of national supervisory models and international financial markets. As integration continues and the most appropriate national supervisory models emerge from a best practices approach, a reform of the organisational structure of supervision in Europe may become necessary. The contributors provide an overview of different arguments surrounding this discussion, and illustrate that several improvements to the present structure of supervision are possible. These include proposals to facilitate the evolution of national models, and concepts to strengthen co-ordination in supervision and in establishing clear procedures in crisis management. Detailing financial market developments in Europe and the US, the book questions the incentives for national supervisory authorities to monitor cross-border activities, to exchange information and to take into account the impact of their dealings with the financial systems of other countries. Classifying models for the organisational structure of financial supervision in Europe, this book will be of great interest to finance ministries, supervisory authorities, central banks and financial institutions. Students, lecturers and researchers of banking and finance will also find the book to be of importance.
Download or read book Money Payment Systems and the European Union written by Gabriella Gimigliano and published by Cambridge Scholars Publishing. This book was released on 2016-12-14 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: When the term “governance” is associated with money, the mind goes directly to the traditional regulatory paradigm, i.e. the nation State-Central Banking-Currency. However, over time, there has been a steady erosion of the nation states’ sovereignty, also in the area of monetary law. This process of erosion is still working from within and externally to the nation State or, in other words, from upwards to downwards and vice versa. Moving from upwards to downwards, highly interconnected financial markets have urged the national competent authorities to improve the global level of coordination in terms of sharing regulatory standards, supervisory models and risk-monitoring procedures. In the downwards-upwards direction, the concept of sovereignty is critically revised from the perspective of new and alternative means of payment, thanks to the growth of e-commerce and mobile commerce and new complementary currency projects. The European Union is a feasible institutional context in which to investigate the development of the governance of money. Indeed, the EU, considered as a “unique economic and political partnership”, has not laid down a clear-cut definition of money, but the Member States have been carrying on a varying transfer of sovereignty and, in particular, of monetary sovereignty. This book examines money as a means of payment and a reserve of value within the framework of the European Union, with particular attention to community-based currencies. This book will prove an interesting and informative read for academics, students and policymakers with an interest in the development of monetary and financial systems.
Download or read book Financial Regulation and Supervision in EU Countries written by Enrico Maria Cervellati and published by . This book was released on 2003 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work provides an analysis of the different systems of financial regulation and supervision in EU Countries. In particular it analyses the cases of France, Germany, Italy, Spain and the United Kingdom on the regulation and supervision of the banking sectors, but also with reference to insurance companies and the securities market. Furthermore, it studies the relationships, in terms of ownership and control, between banks and non-financial institutions. In particular several information are given with regard to the banks ownership in non-financial firms, and vice-versa, both at the EU level and within the member States. The research work done has therefore been based on information found through the publications and the websites of the principal supervisory authorities in the European Member States under consideration. This second part of the paper is divided in two main parts. The first one describes the rules governing banks investment in non-financial firms at the EU and member States level. The second part, instead, analyses, again from a European and national point of view non-financial firms investment in banks. I decided to include not all European member States, but only France, Germany, Italy and Spain. The Second Banking Coordination Directive has harmonised in several respects the regulations of the single member States; however some differences still persist, mainly deriving from the fact that EU member States have to comply with European Directives, but they can impose more stringent regulation, if this is not in contrast with European Directives. The differences in the regulatory systems concern both the investment of banks in non-financial firms and of non-financial firms in banks.
Download or read book Political Economy of Financial Integration in Europe written by Jonathan Story and published by Manchester University Press. This book was released on 1997 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume traces the political, financial and economic steps towards financial union in Europe, focusing on the political economy of the process - notably the dynamics of a Europe of sovereign states.
