Cover IMF Working Papers
Foreign Bank Supervision and Challenges to Emerging Market Supervisors
Author: Mr. In W Song
Series:
IMF Working Papers
Volume/Issue:
Volume 2004: Issue 082
Language:
English
Publication Date:
01 May 2004
DOI:
https://doi.org/10.5089/9781451850475.001
ISBN:
9781451850475
ISSN:
1018-5941
Pages:
52
Keywords:
WP; bank; country; establishment; parent bank; procedure
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The increased presence of foreign banks in a country's domestic banking system necessitates the development of effective cross-border prudential supervision where the consolidated supervision is the essential element. This paper presents foreign bank supervision in terms of division of responsibilities between the home and host countries, consolidated supervision, quality of home-country supervision, memoranda of understanding (MOUs), and "ringfencing" of banks. A number of challenges which foreign banks bring to emerging market banking supervisors are also discussed. The paper also provides surveys of country cases.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund