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Financial supervision will need to change in response to the causes of the financial crisis and the regulatory proposals arising from it. Supervisors will need to take a tougher and more challenging approach to the firms they regulate, exercise mor...

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Main Author:	Briault, Clive
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ARBITRAGE BANKING CRISIS BANKING SUPERVISION BANKS BOARDS OF DIRECTORS BUFFER CALCULATION CAPITAL ACCORD CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CENTRAL BANK CLARITY COLLECTIVE ACTIONS CONSUMER CONSUMER FINANCE CONSUMERS CONTRIBUTION CONTRIBUTIONS CORPORATE GOVERNANCE CRISIS MANAGEMENT DEPOSIT DEPOSITORS DEPOSITS DERIVATIVES DOMESTIC BANKING DOMESTIC BANKING MARKET EMERGING ECONOMIES EMERGING-MARKET FEDERAL RESERVE FINANCIAL ASSETS FINANCIAL CRIME FINANCIAL CRISIS FINANCIAL GROUPS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL REFORMS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL SERVICES AUTHORITY FINANCIAL STABILITY FINANCIAL SYSTEM FOREIGN BANKS FOREIGN EXCHANGE FOREIGN FIRMS GLOBAL BANKING GOVERNMENT SUPPORT HARMONIZATION HOME COUNTRY HOST COUNTRY INCOME INDIVIDUAL FIRMS INSURANCE INTERNAL CONTROLS KEY RISKS LEGISLATION LENDERS LEVERAGE LIQUIDITY LIQUIDITY POSITION LIQUIDITY RISK LOAN LOCAL MARKET LONG-TERM INTEREST MANAGEMENT OVERSIGHT MARKET DISCIPLINE MARKET FORCES MARKET PARTICIPANTS MATHEMATICS MORTGAGE MORTGAGE LENDERS OPERATIONAL RISKS OUTSOURCING POLICY RESPONSES PRIVATE SECTOR DEVELOPMENT PROVISION OF GUARANTEES PRUDENTIAL SUPERVISION PUBLIC POLICY PURCHASES REGULATOR REGULATORS REGULATORY REQUIREMENTS REMUNERATION RESPONSIBILITIES RISK MANAGEMENT SECURITIES SENIOR SUBSIDIARIES SUBSIDIARY SUPERVISORY AGENCIES SUPERVISORY AGENCY TIER 1 CAPITAL VALUABLE
Online Access:	http://documents.worldbank.org/curated/en/2009/07/11077395/trust-less-verify-more http://hdl.handle.net/10986/10242

id	okr-10986-10242
recordtype	oai_dc
spelling	okr-10986-102422021-04-23T14:02:49Z Trust Less, Verify More Briault, Clive ARBITRAGE BANKING CRISIS BANKING SUPERVISION BANKS BOARDS OF DIRECTORS BUFFER CALCULATION CAPITAL ACCORD CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CENTRAL BANK CLARITY COLLECTIVE ACTIONS CONSUMER CONSUMER FINANCE CONSUMERS CONTRIBUTION CONTRIBUTIONS CORPORATE GOVERNANCE CRISIS MANAGEMENT DEPOSIT DEPOSITORS DEPOSITS DERIVATIVES DOMESTIC BANKING DOMESTIC BANKING MARKET EMERGING ECONOMIES EMERGING-MARKET FEDERAL RESERVE FINANCIAL ASSETS FINANCIAL CRIME FINANCIAL CRISIS FINANCIAL GROUPS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL REFORMS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL SERVICES AUTHORITY FINANCIAL STABILITY FINANCIAL SYSTEM FOREIGN BANKS FOREIGN EXCHANGE FOREIGN FIRMS GLOBAL BANKING GOVERNMENT SUPPORT HARMONIZATION HOME COUNTRY HOST COUNTRY INCOME INDIVIDUAL FIRMS INSURANCE INTERNAL CONTROLS KEY RISKS LEGISLATION LENDERS LEVERAGE LIQUIDITY LIQUIDITY POSITION LIQUIDITY RISK LOAN LOCAL MARKET LONG-TERM INTEREST MANAGEMENT OVERSIGHT MARKET DISCIPLINE MARKET FORCES MARKET PARTICIPANTS MATHEMATICS MORTGAGE MORTGAGE LENDERS OPERATIONAL RISKS OUTSOURCING POLICY RESPONSES PRIVATE SECTOR DEVELOPMENT PROVISION OF GUARANTEES PRUDENTIAL SUPERVISION PUBLIC POLICY PURCHASES REGULATOR REGULATORS REGULATORY REQUIREMENTS REMUNERATION RESPONSIBILITIES RISK MANAGEMENT SECURITIES SENIOR SUBSIDIARIES SUBSIDIARY SUPERVISORY AGENCIES SUPERVISORY AGENCY TIER 1 CAPITAL VALUABLE Financial supervision will need to change in response to the causes of the financial crisis and the regulatory proposals arising from it. Supervisors will need to take a tougher and more challenging approach to the firms they regulate, exercise more supervisory judgment, involve themselves in macro-prudential oversight, and participate more actively in the supervision of firms with cross-border activities. Supervisors in all countries need to take up these challenges, notwithstanding differences in the style of supervision, in culture and legal tradition, in institutional and organizational structure, and in the powers and resources available to the supervisory agency. 2012-08-13T10:49:52Z 2012-08-13T10:49:52Z 2009-07 http://documents.worldbank.org/curated/en/2009/07/11077395/trust-less-verify-more http://hdl.handle.net/10986/10242 English Crisis Response Note; No. 5 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ARBITRAGE BANKING CRISIS BANKING SUPERVISION BANKS BOARDS OF DIRECTORS BUFFER CALCULATION CAPITAL ACCORD CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CENTRAL BANK CLARITY COLLECTIVE ACTIONS CONSUMER CONSUMER FINANCE CONSUMERS CONTRIBUTION CONTRIBUTIONS CORPORATE GOVERNANCE CRISIS MANAGEMENT DEPOSIT DEPOSITORS DEPOSITS DERIVATIVES DOMESTIC BANKING DOMESTIC BANKING MARKET EMERGING ECONOMIES EMERGING-MARKET FEDERAL RESERVE FINANCIAL ASSETS FINANCIAL CRIME FINANCIAL CRISIS FINANCIAL GROUPS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL REFORMS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL SERVICES AUTHORITY FINANCIAL STABILITY FINANCIAL SYSTEM FOREIGN BANKS FOREIGN EXCHANGE FOREIGN FIRMS GLOBAL BANKING GOVERNMENT SUPPORT HARMONIZATION HOME COUNTRY HOST COUNTRY INCOME INDIVIDUAL FIRMS INSURANCE INTERNAL CONTROLS KEY RISKS LEGISLATION LENDERS LEVERAGE LIQUIDITY LIQUIDITY POSITION LIQUIDITY RISK LOAN LOCAL MARKET LONG-TERM INTEREST MANAGEMENT OVERSIGHT MARKET DISCIPLINE MARKET FORCES MARKET PARTICIPANTS MATHEMATICS MORTGAGE MORTGAGE LENDERS OPERATIONAL RISKS OUTSOURCING POLICY RESPONSES PRIVATE SECTOR DEVELOPMENT PROVISION OF GUARANTEES PRUDENTIAL SUPERVISION PUBLIC POLICY PURCHASES REGULATOR REGULATORS REGULATORY REQUIREMENTS REMUNERATION RESPONSIBILITIES RISK MANAGEMENT SECURITIES SENIOR SUBSIDIARIES SUBSIDIARY SUPERVISORY AGENCIES SUPERVISORY AGENCY TIER 1 CAPITAL VALUABLE
spellingShingle	ARBITRAGE BANKING CRISIS BANKING SUPERVISION BANKS BOARDS OF DIRECTORS BUFFER CALCULATION CAPITAL ACCORD CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CENTRAL BANK CLARITY COLLECTIVE ACTIONS CONSUMER CONSUMER FINANCE CONSUMERS CONTRIBUTION CONTRIBUTIONS CORPORATE GOVERNANCE CRISIS MANAGEMENT DEPOSIT DEPOSITORS DEPOSITS DERIVATIVES DOMESTIC BANKING DOMESTIC BANKING MARKET EMERGING ECONOMIES EMERGING-MARKET FEDERAL RESERVE FINANCIAL ASSETS FINANCIAL CRIME FINANCIAL CRISIS FINANCIAL GROUPS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL REFORMS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL SERVICES AUTHORITY FINANCIAL STABILITY FINANCIAL SYSTEM FOREIGN BANKS FOREIGN EXCHANGE FOREIGN FIRMS GLOBAL BANKING GOVERNMENT SUPPORT HARMONIZATION HOME COUNTRY HOST COUNTRY INCOME INDIVIDUAL FIRMS INSURANCE INTERNAL CONTROLS KEY RISKS LEGISLATION LENDERS LEVERAGE LIQUIDITY LIQUIDITY POSITION LIQUIDITY RISK LOAN LOCAL MARKET LONG-TERM INTEREST MANAGEMENT OVERSIGHT MARKET DISCIPLINE MARKET FORCES MARKET PARTICIPANTS MATHEMATICS MORTGAGE MORTGAGE LENDERS OPERATIONAL RISKS OUTSOURCING POLICY RESPONSES PRIVATE SECTOR DEVELOPMENT PROVISION OF GUARANTEES PRUDENTIAL SUPERVISION PUBLIC POLICY PURCHASES REGULATOR REGULATORS REGULATORY REQUIREMENTS REMUNERATION RESPONSIBILITIES RISK MANAGEMENT SECURITIES SENIOR SUBSIDIARIES SUBSIDIARY SUPERVISORY AGENCIES SUPERVISORY AGENCY TIER 1 CAPITAL VALUABLE Briault, Clive Trust Less, Verify More
relation	Crisis Response Note; No. 5
description	Financial supervision will need to change in response to the causes of the financial crisis and the regulatory proposals arising from it. Supervisors will need to take a tougher and more challenging approach to the firms they regulate, exercise more supervisory judgment, involve themselves in macro-prudential oversight, and participate more actively in the supervision of firms with cross-border activities. Supervisors in all countries need to take up these challenges, notwithstanding differences in the style of supervision, in culture and legal tradition, in institutional and organizational structure, and in the powers and resources available to the supervisory agency.
format	Publications & Research :: Brief
author	Briault, Clive
author_facet	Briault, Clive
author_sort	Briault, Clive
title	Trust Less, Verify More
title_short	Trust Less, Verify More
title_full	Trust Less, Verify More
title_fullStr	Trust Less, Verify More
title_full_unstemmed	Trust Less, Verify More
title_sort	trust less, verify more
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2009/07/11077395/trust-less-verify-more http://hdl.handle.net/10986/10242
_version_	1764412374137176064

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