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Regional Financial Conglomerates: A Case for Improved Supervision
Author:
Mr. Thorvardur Tjoervi Olafssonnull

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https://orcid.org/0000-0001-7478-0298
and
Ms. Julia Majaha-Jartby
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Series:
IMF Working Papers
Volume/Issue:
Volume 2005: Issue 124
Language:
English
Publication Date:
01 Jun 2005
DOI:
https://doi.org/10.5089/9781451861433.001
ISBN:
9781451861433
ISSN:
1018-5941
Pages:
42
Keywords:
WP; supervisory authority; parent company; market share; bank supervisor; Zimbabwean bank
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 paper's central theme is that where a financial crisis emerges, regional supervisors should have systems in place to effectively respond to their country-specific crises and-in the case of foreign operations and financial conglomerates-to collaborate comprehensively with other supervisory agencies and respective ministries to avert a regional crisis or address the immediate crisis at hand. For financial institutions to expand across borders without undermining regional and global financial stability, supervisory agencies must develop the capacity to collaboratively and collectively handle crises.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2005: Issue 124