The Reform Agenda
The financial crisis has prompted a shift toward a tighter and more macro-prudential approach to financial regulation. But the reform agenda still needs to address the role of supervisory (rather than regulatory) failures, while the institutional a...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2009/06/10849063/reform-agenda http://hdl.handle.net/10986/10246 |
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okr-10986-10246 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
ACCOUNTING ACCOUNTING STANDARDS ASSET PRICE AUDITORS BANK HOLDING BANK HOLDING COMPANIES BANK INSOLVENCY BANK INSOLVENCY FRAMEWORKS BANKING CRISIS BANKING INDUSTRY BANKING INSTITUTIONS BANKRUPTCY BANKRUPTCY REGIMES BROKER BROKER-DEALERS BUSINESS CYCLE CAPITAL REQUIREMENTS CENTRAL BANK CENTRAL BANK FACILITIES CENTRAL BANKS CLEARINGHOUSES CODE OF CONDUCT COLLECTIVE INVESTMENT COLLECTIVE INVESTMENT SCHEMES CONFLICTS OF INTEREST CONSOLIDATION CONSUMER CONSUMER PROTECTION CONTRIBUTION CORPORATE FRAUD CREDIT DEFAULT CREDIT DEFAULT SWAPS CREDIT DERIVATIVES CREDIT GROWTH CREDIT INFORMATION CREDIT LOSSES CREDIT RATING CREDIT RATING AGENCIES CRISIS MANAGEMENT CURRENCY DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE COVERAGE DEPOSITORY DISPUTE RESOLUTION DOMESTIC BANKING EMERGING ECONOMIES EMERGING-MARKET EUROPEAN CENTRAL BANK EXCHANGE COMMISSION EXTERNALITIES FEDERAL RESERVE FINANCIAL ACCOUNTING FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL DERIVATIVES FINANCIAL ECONOMIST FINANCIAL EDUCATION FINANCIAL GROUPS FINANCIAL INSTABILITY FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL REFORM FINANCIAL REFORMS FINANCIAL REGULATION FINANCIAL REPORTING FINANCIAL RISK FINANCIAL SAFETY NETS FINANCIAL SECTOR FINANCIAL SECTOR POLICY FINANCIAL SECTOR REFORM FINANCIAL SERVICES FINANCIAL SERVICES AUTHORITY FINANCIAL SERVICES REGULATION FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL STRENGTH FINANCIAL SYSTEM FINANCIAL SYSTEMS FOREIGN BANKS FOREIGN EXCHANGE FOREIGN EXCHANGE TRANSACTIONS FREE MARKETS FULL DISCLOSURE GLOBAL BANKING GOVERNANCE STANDARDS HARMONIZATION HEDGE FUNDS HOST COUNTRIES HOUSING ILLIQUID ASSETS ILLIQUIDITY INCENTIVE STRUCTURES INFORMATION DISCLOSURE INSTITUTIONAL ARRANGEMENTS INSTRUMENT INSURANCE INTERNATIONAL ACCOUNTING INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL COOPERATION INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTMENT ADVISERS INVESTMENT BANKING INVESTMENT BANKS INVESTOR PROTECTION JUDGMENT JURISDICTION JURISDICTIONS LENDER LENDER OF LAST RESORT LENDERS LENDERS OF LAST RESORT LEVERAGE LIQUID MARKET LIQUID MARKETS LIQUIDITY LOAN LOAN LOSS LOAN LOSS PROVISIONING LOAN LOSS PROVISIONS MANDATE MANDATES MARK-TO-MARKET MARKET DISCIPLINE MARKET INFRASTRUCTURE MARKET PARTICIPANTS MARKET PLAYERS MARKET RISKS MONETARY FUND MONETARY POLICY MONEY LAUNDERING MONEY MARKET MORAL HAZARD MORTGAGES NARROW BANKING NATIONAL CREDIT NONBANK FINANCIAL INSTITUTIONS PENSION PENSION FUND POLICY RESPONSES PRIVATE SECTOR DEVELOPMENT PROVISIONING RULES PRUDENTIAL FRAMEWORK PRUDENTIAL REGULATION PRUDENTIAL SUPERVISION PUBLIC POLICY REGULATOR REGULATORS REGULATORY AUTHORITIES REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY REFORM REGULATORY RESTRICTIONS REGULATORY SYSTEMS RESIDENTIAL MORTGAGE RESPONSIBILITIES RETURN RISK EXPOSURES RISK MANAGEMENT RISK MANAGERS SAFETY NET SAFETY NETS SCANDAL SCANDALS SECURITIES SECURITIES SETTLEMENT SECURITIES SETTLEMENT SYSTEMS SENIOR SETTLEMENT SETTLEMENT SYSTEMS STAKEHOLDERS SUBSIDIARIES SUPERVISORY AGENCIES SUPERVISORY AGENCY SYSTEMIC RISK SYSTEMIC RISKS SYSTEMIC STABILITY TAX TRACK RECORD TRADING TRANSPARENCY TREASURY TRUSTEES UNDERWRITERS VALUATION VALUATION STANDARDS WORLD ECONOMY |
| spellingShingle |
ACCOUNTING ACCOUNTING STANDARDS ASSET PRICE AUDITORS BANK HOLDING BANK HOLDING COMPANIES BANK INSOLVENCY BANK INSOLVENCY FRAMEWORKS BANKING CRISIS BANKING INDUSTRY BANKING INSTITUTIONS BANKRUPTCY BANKRUPTCY REGIMES BROKER BROKER-DEALERS BUSINESS CYCLE CAPITAL REQUIREMENTS CENTRAL BANK CENTRAL BANK FACILITIES CENTRAL BANKS CLEARINGHOUSES CODE OF CONDUCT COLLECTIVE INVESTMENT COLLECTIVE INVESTMENT SCHEMES CONFLICTS OF INTEREST CONSOLIDATION CONSUMER CONSUMER PROTECTION CONTRIBUTION CORPORATE FRAUD CREDIT DEFAULT CREDIT DEFAULT SWAPS CREDIT DERIVATIVES CREDIT GROWTH CREDIT INFORMATION CREDIT LOSSES CREDIT RATING CREDIT RATING AGENCIES CRISIS MANAGEMENT CURRENCY DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE COVERAGE DEPOSITORY DISPUTE RESOLUTION DOMESTIC BANKING EMERGING ECONOMIES EMERGING-MARKET EUROPEAN CENTRAL BANK EXCHANGE COMMISSION EXTERNALITIES FEDERAL RESERVE FINANCIAL ACCOUNTING FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL DERIVATIVES FINANCIAL ECONOMIST FINANCIAL EDUCATION FINANCIAL GROUPS FINANCIAL INSTABILITY FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL REFORM FINANCIAL REFORMS FINANCIAL REGULATION FINANCIAL REPORTING FINANCIAL RISK FINANCIAL SAFETY NETS FINANCIAL SECTOR FINANCIAL SECTOR POLICY FINANCIAL SECTOR REFORM FINANCIAL SERVICES FINANCIAL SERVICES AUTHORITY FINANCIAL SERVICES REGULATION FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL STRENGTH FINANCIAL SYSTEM FINANCIAL SYSTEMS FOREIGN BANKS FOREIGN EXCHANGE FOREIGN EXCHANGE TRANSACTIONS FREE MARKETS FULL DISCLOSURE GLOBAL BANKING GOVERNANCE STANDARDS HARMONIZATION HEDGE FUNDS HOST COUNTRIES HOUSING ILLIQUID ASSETS ILLIQUIDITY INCENTIVE STRUCTURES INFORMATION DISCLOSURE INSTITUTIONAL ARRANGEMENTS INSTRUMENT INSURANCE INTERNATIONAL ACCOUNTING INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL COOPERATION INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTMENT ADVISERS INVESTMENT BANKING INVESTMENT BANKS INVESTOR PROTECTION JUDGMENT JURISDICTION JURISDICTIONS LENDER LENDER OF LAST RESORT LENDERS LENDERS OF LAST RESORT LEVERAGE LIQUID MARKET LIQUID MARKETS LIQUIDITY LOAN LOAN LOSS LOAN LOSS PROVISIONING LOAN LOSS PROVISIONS MANDATE MANDATES MARK-TO-MARKET MARKET DISCIPLINE MARKET INFRASTRUCTURE MARKET PARTICIPANTS MARKET PLAYERS MARKET RISKS MONETARY FUND MONETARY POLICY MONEY LAUNDERING MONEY MARKET MORAL HAZARD MORTGAGES NARROW BANKING NATIONAL CREDIT NONBANK FINANCIAL INSTITUTIONS PENSION PENSION FUND POLICY RESPONSES PRIVATE SECTOR DEVELOPMENT PROVISIONING RULES PRUDENTIAL FRAMEWORK PRUDENTIAL REGULATION PRUDENTIAL SUPERVISION PUBLIC POLICY REGULATOR REGULATORS REGULATORY AUTHORITIES REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY REFORM REGULATORY RESTRICTIONS REGULATORY SYSTEMS RESIDENTIAL MORTGAGE RESPONSIBILITIES RETURN RISK EXPOSURES RISK MANAGEMENT RISK MANAGERS SAFETY NET SAFETY NETS SCANDAL SCANDALS SECURITIES SECURITIES SETTLEMENT SECURITIES SETTLEMENT SYSTEMS SENIOR SETTLEMENT SETTLEMENT SYSTEMS STAKEHOLDERS SUBSIDIARIES SUPERVISORY AGENCIES SUPERVISORY AGENCY SYSTEMIC RISK SYSTEMIC RISKS SYSTEMIC STABILITY TAX TRACK RECORD TRADING TRANSPARENCY TREASURY TRUSTEES UNDERWRITERS VALUATION VALUATION STANDARDS WORLD ECONOMY Stephanou, Constantinos The Reform Agenda |
| relation |
Crisis Response Note; No. 2 |
| description |
The financial crisis has prompted a
shift toward a tighter and more macro-prudential approach to
financial regulation. But the reform agenda still needs to
address the role of supervisory (rather than regulatory)
failures, while the institutional arrangements needed to
implement the new framework remain to be worked out. For
most emerging economies, the existing reform agenda,
developing institutional and legal underpinnings for the
financial system and promoting financial access, remains
valid. But for those characterized by weak financial
oversight structures and more volatile economic cycles,
adopting capital buffers as part of a macro-prudential
regime may be a useful complement. |
| format |
Publications & Research :: Brief |
| author |
Stephanou, Constantinos |
| author_facet |
Stephanou, Constantinos |
| author_sort |
Stephanou, Constantinos |
| title |
The Reform Agenda |
| title_short |
The Reform Agenda |
| title_full |
The Reform Agenda |
| title_fullStr |
The Reform Agenda |
| title_full_unstemmed |
The Reform Agenda |
| title_sort |
reform agenda |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2009/06/10849063/reform-agenda http://hdl.handle.net/10986/10246 |
| _version_ |
1764412388645273600 |
| spelling |
okr-10986-102462021-04-23T14:02:49Z The Reform Agenda Stephanou, Constantinos ACCOUNTING ACCOUNTING STANDARDS ASSET PRICE AUDITORS BANK HOLDING BANK HOLDING COMPANIES BANK INSOLVENCY BANK INSOLVENCY FRAMEWORKS BANKING CRISIS BANKING INDUSTRY BANKING INSTITUTIONS BANKRUPTCY BANKRUPTCY REGIMES BROKER BROKER-DEALERS BUSINESS CYCLE CAPITAL REQUIREMENTS CENTRAL BANK CENTRAL BANK FACILITIES CENTRAL BANKS CLEARINGHOUSES CODE OF CONDUCT COLLECTIVE INVESTMENT COLLECTIVE INVESTMENT SCHEMES CONFLICTS OF INTEREST CONSOLIDATION CONSUMER CONSUMER PROTECTION CONTRIBUTION CORPORATE FRAUD CREDIT DEFAULT CREDIT DEFAULT SWAPS CREDIT DERIVATIVES CREDIT GROWTH CREDIT INFORMATION CREDIT LOSSES CREDIT RATING CREDIT RATING AGENCIES CRISIS MANAGEMENT CURRENCY DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE COVERAGE DEPOSITORY DISPUTE RESOLUTION DOMESTIC BANKING EMERGING ECONOMIES EMERGING-MARKET EUROPEAN CENTRAL BANK EXCHANGE COMMISSION EXTERNALITIES FEDERAL RESERVE FINANCIAL ACCOUNTING FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL DERIVATIVES FINANCIAL ECONOMIST FINANCIAL EDUCATION FINANCIAL GROUPS FINANCIAL INSTABILITY FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL REFORM FINANCIAL REFORMS FINANCIAL REGULATION FINANCIAL REPORTING FINANCIAL RISK FINANCIAL SAFETY NETS FINANCIAL SECTOR FINANCIAL SECTOR POLICY FINANCIAL SECTOR REFORM FINANCIAL SERVICES FINANCIAL SERVICES AUTHORITY FINANCIAL SERVICES REGULATION FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL STRENGTH FINANCIAL SYSTEM FINANCIAL SYSTEMS FOREIGN BANKS FOREIGN EXCHANGE FOREIGN EXCHANGE TRANSACTIONS FREE MARKETS FULL DISCLOSURE GLOBAL BANKING GOVERNANCE STANDARDS HARMONIZATION HEDGE FUNDS HOST COUNTRIES HOUSING ILLIQUID ASSETS ILLIQUIDITY INCENTIVE STRUCTURES INFORMATION DISCLOSURE INSTITUTIONAL ARRANGEMENTS INSTRUMENT INSURANCE INTERNATIONAL ACCOUNTING INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL COOPERATION INTERNATIONAL STANDARD INTERNATIONAL STANDARDS INVESTMENT ADVISERS INVESTMENT BANKING INVESTMENT BANKS INVESTOR PROTECTION JUDGMENT JURISDICTION JURISDICTIONS LENDER LENDER OF LAST RESORT LENDERS LENDERS OF LAST RESORT LEVERAGE LIQUID MARKET LIQUID MARKETS LIQUIDITY LOAN LOAN LOSS LOAN LOSS PROVISIONING LOAN LOSS PROVISIONS MANDATE MANDATES MARK-TO-MARKET MARKET DISCIPLINE MARKET INFRASTRUCTURE MARKET PARTICIPANTS MARKET PLAYERS MARKET RISKS MONETARY FUND MONETARY POLICY MONEY LAUNDERING MONEY MARKET MORAL HAZARD MORTGAGES NARROW BANKING NATIONAL CREDIT NONBANK FINANCIAL INSTITUTIONS PENSION PENSION FUND POLICY RESPONSES PRIVATE SECTOR DEVELOPMENT PROVISIONING RULES PRUDENTIAL FRAMEWORK PRUDENTIAL REGULATION PRUDENTIAL SUPERVISION PUBLIC POLICY REGULATOR REGULATORS REGULATORY AUTHORITIES REGULATORY AUTHORITY REGULATORY FRAMEWORK REGULATORY REFORM REGULATORY RESTRICTIONS REGULATORY SYSTEMS RESIDENTIAL MORTGAGE RESPONSIBILITIES RETURN RISK EXPOSURES RISK MANAGEMENT RISK MANAGERS SAFETY NET SAFETY NETS SCANDAL SCANDALS SECURITIES SECURITIES SETTLEMENT SECURITIES SETTLEMENT SYSTEMS SENIOR SETTLEMENT SETTLEMENT SYSTEMS STAKEHOLDERS SUBSIDIARIES SUPERVISORY AGENCIES SUPERVISORY AGENCY SYSTEMIC RISK SYSTEMIC RISKS SYSTEMIC STABILITY TAX TRACK RECORD TRADING TRANSPARENCY TREASURY TRUSTEES UNDERWRITERS VALUATION VALUATION STANDARDS WORLD ECONOMY The financial crisis has prompted a shift toward a tighter and more macro-prudential approach to financial regulation. But the reform agenda still needs to address the role of supervisory (rather than regulatory) failures, while the institutional arrangements needed to implement the new framework remain to be worked out. For most emerging economies, the existing reform agenda, developing institutional and legal underpinnings for the financial system and promoting financial access, remains valid. But for those characterized by weak financial oversight structures and more volatile economic cycles, adopting capital buffers as part of a macro-prudential regime may be a useful complement. 2012-08-13T10:50:35Z 2012-08-13T10:50:35Z 2009-06 http://documents.worldbank.org/curated/en/2009/06/10849063/reform-agenda http://hdl.handle.net/10986/10246 English Crisis Response Note; No. 2 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |