V. Cross-Border Supervision of Banks and Other Financial Institutions
Author:
International Monetary Fund. Legal Dept.
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Language:
English
Keywords:
SEM; bank; market; rating agency; CDR mechanism; ratings quality; requirement ratio; fair value accounting; Credit; Debt restructuring; Capital adequacy requirements; Financial sector stability; Global; Europe
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Abstract

In the wake of the financial crisis, an effective framework for cross-border supervision of financial institutions has become an even more compelling imperative. Financial and technological innovation has rapidly interconnected global markets, but our supervisory infrastructure failed to keep pace. And the idea of one supranational global regulator—whether you would consider it a dream come true or a nightmare—remains only imagined. So how should we move forward as an international community? What strategies will best promote financial stability through cross-border supervision that is conducted primarily by national regulators? I believe the answer is threefold:

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Cover Current Developments in Monetary and Financial Law, Volume 6
Current Developments in Monetary and Financial Law, Volume 6
Restoring Financial Stability--The Legal Response
Author:
International Monetary Fund. Legal Dept.
ISBN:
9781616350819
Publication Date:
08 Feb 2013
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781616350819.072
Pages:
590