Accounting Prudential Regulation And Financial Stability PDF Download

Accounting  Prudential Regulation and Financial Stability PDF
Author: Claudio Borio
Size: 32.39 MB
Format: PDF, ePub, Mobi
Category : Accounting
Languages : en
Pages : 32
View: 3478

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Accounting Prudential Regulation And Financial Stability Book Description:

What information about the financial condition of firms is conducive to efficient and stable operation of the financial system and of the economy more broadly? In this essay, we outline the contours of an ideal set of such information, identify existing gaps and propose a way forward to fill them. We argue that an ideal set should comprise two dimensions. As regards financial characteristics, it should cover three different types, viz: estimates of the current financial condition ('first-moment information'); estimates of risk profiles ('risk information'); and measures of the uncertainty surrounding both kinds of estimate ('measurement error information'). As regards the object of the analysis, it should cover information about both the individual firm ('micro information') and, suitably aggregated, the 'system' as a whole ('macro information'). So far, efforts have mainly focused on micro information and, within it, on estimates of the current financial condition; by contrast, risk information has drawn attention only more recently and measurement error information has been largely neglected. We also note that, as regards micro information, significant differences in perspective between accounting standard setters and prudential supervisors have come to light. We examine the reasons for these differences and propose ways in which they could be reconciled. We propose a strategy based on two principles: first, in the long term, the 'decoupling' of the objective of accurate financial reporting about the firm from that of instilling the desired degree of prudence in its behaviour; and second, a 'parallel' process towards that objective so that at all points the prudential authorities can neutralise any undesirable implications for financial stability of changes in financial reporting standards. We stress that close cooperation between accounting standard setters and supervisory authorities is called for both in developing the final set of information and in implementing it.

Congressional Record PDF Download

Congressional Record PDF
Author: United States. Congress
Size: 62.64 MB
Format: PDF, Mobi
Category : Law
Languages : en
Pages :
View: 3767

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Congressional Record Book Description:

The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)

Cross Border Coordination Of Prudential Supervision And Deposit Guarantees PDF Download

Cross Border Coordination of Prudential Supervision and Deposit Guarantees PDF
Author: Daniel C. L. Hardy
Publisher: International Monetary Fund
Size: 49.43 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 26
View: 2251

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Cross Border Coordination Of Prudential Supervision And Deposit Guarantees Book Description:

The scramble to expand deposit guarantees in Europe in response to recent financial turmoil confirms that the on-going integration of European financial markets requires closer coordination of prudential policies and financial safety nets. We study the optimal design of prudential supervision and deposit guarantee regulations in a multi-country, integrated banking market such as the European Union, where policy-makers have either similar or asymmetric preferences regarding profitability and stability of the banking sector. The paper concludes with recommendations on policy priorities in this area.

Banking Regulation Of Uk And Us Financial Markets PDF Download

Banking Regulation of UK and US Financial Markets PDF
Author: Dr Dalvinder Singh
Publisher: Ashgate Publishing, Ltd.
ISBN: 1409462978
Size: 12.28 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 238
View: 2537

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Banking Regulation Of Uk And Us Financial Markets Book Description:

Dalvinder Singh provides an interdisciplinary analysis of the legal aspects of prudential supervision. This gives the reader a broader understanding of the core processes of banking supervision. By using the UK as a case study, a comparison is made with the US to illustrate the different ways of approaching the issues. The author examines the legal as well as the theoretical, economic, political and policy issues that underpin the purpose of prudential supervision, such as corporate governance, enforcement sanctions, the role of external auditors and accountability of financial regulators. These are considered in the context of broad-policy considerations which render prudential supervision necessary, namely financial stability and depositor protection. The book will be of interest to academics, policymakers, regulators and practitioners, and equally will serve specialist undergraduate and postgraduate programmes in law, management and economics which focus on financial regulation.

Korean Bank Regulation And Supervision Crisis And Reform PDF Download

Korean Bank Regulation and Supervision Crisis and Reform PDF
Author: Young Shim
Publisher: Springer
Size: 45.73 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 226
View: 7103

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Korean Bank Regulation And Supervision Crisis And Reform Book Description:

This work identifies the continuing structural weaknesses of the Korean banking system, which were thrown into sharp relief by the 1997 financial crisis, and focuses on the need for reform in order to achieve financial stability. The study centres around three central questions: Who should be the regulator? What substantive standards of supervision should be applied? Administratively, in what manner should these standards be applied? The book argues that the Korean banking system, characterised as a `governmental control system' for credit allocation, should be removed from undue governmental and political interference, thus allowing the involvement of banks in commercially oriented practices without exposure to the significant risks incurred by governmental policy directed lending. The author calls for a high degree of transparency and accountability, for a clear, realistic timetable for restructuring, and for an effective exit policy for troubled commercial banks. This book will be of value to practitioners, researchers and academics working in the field of banking law, particularly those with a special interest in the Asia-Pacific region.

The Encyclopedia Of Central Banking PDF Download

The Encyclopedia of Central Banking PDF
Author: Louis-Philippe Rochon
Publisher: Edward Elgar Publishing
ISBN: 1782547444
Size: 60.10 MB
Format: PDF, ePub, Docs
Category : Banks and banking
Languages : en
Pages : 544
View: 4559

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The Encyclopedia Of Central Banking Book Description:

The Encyclopedia of Central Banking, co-edited by Louis-Philippe Rochon and Sergio Rossi, contains some 250 entries written by over 200 economists on topics related to monetary macroeconomics, central bank theory and policy, and the history of monetary