Prudential regulation

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  • The OECD is a unique forum where the governments of 30 democracies work together to address the economic, social and environmental challenges of globalisation. The OECD is also at the forefront of efforts to understand and to help governments respond to new developments and concerns, such as corporate governance, the information economy and the challenges of an ageing population. The Organisation provides a setting where governments can compare policy experiences, seek answers to common problems, identify good practice and work to co-ordinate domestic and international policies....

    pdf249p thuy201 21-12-2011 68 24   Download

  • he main focus of prudential regulation and supervision of insurers is usually considered to be the protection of the rights of policyholders. This includes oversight of the continuing ability of insurers to meet their contractual and other financial obligations to their policyholders. The nature of insurance business implies the establishment of technical provisions, and the investment in and holding of assets to cover these technical provisions and a solvency margin.

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  • Three options emerged for harmonising the scope of institutions that are deemed to provide sufficient guarantees in terms of prudential regulation and capital requirements to fulfil the task of being a depositary. The impact assessment concludes that both credit institutions and regulated investment firms provide sufficient guarantees in terms of prudential regulation, capital requirements and effective supervision to act as UCITS depositaries. Other institutions (such as, e.g.

    pdf262p khanhchilam 29-03-2013 36 9   Download

  • But how far should the public sector go in defining the terms of maturity transformation?. It would be reassuring to imagine that underlying saving and investment propensities of the private sector define the real interest rate in normal times. Keynes threw some doubt on this classical view. In addition, the fact is that government policies nowadays dominate the terms of maturity transformation in modern economies. Very large government debt defines the yield curve.

    pdf39p taisaovanchuavo 23-01-2013 25 7   Download

  • The current UCITS framework provides little clarity on the institutions that are eligible to act as a depositary for a UCITS fund. According to Article 23(3) UCITS Member States enjoy significant discretion as to the institutions they deem eligible to act as UCITS depositaries, provided that the institutions comply with the requirements of Article 23 (2) (i.e. they are subject to prudential regulation and on-going supervision).

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  • The ultimate responsibility for prudential standard-setting and supervision for Tier 1 FHCs must rest with a single regulator. The public has a right to expect that a clearly identifiable entity, not a committee of multiple agencies, will be answerable for setting standards that will protect the financial system and the public from risks posed by the potential failure of Tier 1 FHCs.

    pdf89p mebachano 01-02-2013 28 5   Download

  • The resulting view, that financial markets can be subject to inherent instability, induces governments to intervene to provide depositor protection in some form or other. Explicit deposit insurance is one approach, while an explicit or implicit deposit guarantee is another. In either case, general prudential supervision also occurs to limit the risk incurred by insurers or guarantors. To control the incentives of bank owners who rely too heavily on government funded deposit insurance, governments typically enforce some control over bank owners.

    pdf62p machuavo 19-01-2013 21 4   Download

  • We propose an evolution in the Federal Reserve’s current supervisory authority for BHCs to create a single point of accountability for the consolidated supervision of all companies that own a bank. All large, interconnected firms whose failure could threaten the stability of the system should be subject to consolidated supervision by the Federal Reserve, regardless of whether they own an insured depository institution. These firms should not be able to escape oversight of their risky activities by manipulating their legal structure.

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  • Banks’ main vulnerabilities are their exposure to highly indebted households through residential mortgage lending, together with their sizable short-term offshore borrowing. Household debt is high at about 150 percent of disposable income but is held mainly by higher income households. Moreover, exposure to high-risk mortgages is small.

    pdf8p machuavo 19-01-2013 21 3   Download

  • Capital planning plays a key role in banks’ business decisions. The cost of equity financing and return targets on shareholders’ funds shape banks’ capital allocation and product pricing. Given the importance of equity capital in absorbing losses, prudential regulators require banks to hold sufficient equity to cover risks. Regulation that motivates banks to raise equity financing when capital is cheap would promote the interests of long-term shareholders. All these considerations call for a better understanding of what drives the cost of bank capital.

    pdf0p quaivattim 04-12-2012 23 2   Download

  • The jurisdictional boundaries among new and existing federal financial regulatory agencies should be drawn carefully to prevent mission overlap, and each of the federal financial regulatory agencies generally should have exclusive jurisdiction to issue and enforce rules to achieve its mission. Nevertheless, many emerging financial products and practices will raise issues relating to systemic risk, prudential regulation of financial firms, and consumer or investor protection.

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  • While the banking sector index depicts the general trend in bank equity prices, it is silent about the drivers of their performance. Understanding these drivers is important for equity market investors, bank managers and prudential regulators alike. For investors, a better understanding would inform portfolio decisions. For bank managers, the expected rate of return on shareholders’ funds represents a key hurdle rate for business decisions. For policymakers, it would shed light on the incentives of bank shareholders and, by extension, bank managers.

    pdf22p quaivattim 04-12-2012 27 1   Download

  • The rules and regulations of the BSP that govern the credit card operations of the banks and subsidiary credit card companies are not enough to screen out delinquent borrowers. As a prudential measure to protect banks and subsidiary credit card companies, the BSP requires these institutions to set up an appropriate system for managing their risk exposures to credit card operations and to document these exposures in a complete and concise manner.

    pdf27p taisaocothedung 09-01-2013 28 4   Download

  • Within the Latin American context, worker remittances are becoming increasingly relevant to the economies of many countries. In 2003, Lat in America received more than $38 billion in remittances from Canada, Europe, Japan, Latin America itself and the United States. The table 4 shows the total remittances sent to selected countries in Latin America and the Caribbean in 2003. The table also shows remittances as a percentage of GDP and exports.

    pdf0p enterroi 02-02-2013 30 3   Download


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