Regulating Banks through Public Disclosure-The Case of New Zealand

New Zealand has adopted a system of market-based bank regulation to try to reduce moral hazard and fiscal risk for the government. The system introduces new elements of public disclosure and enhanced director responsibility. Although the central ba...

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Bibliographic Details
Main Author:	Nicholl, Peter
Format:	Viewpoint
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	AGENTS AUDITS BALANCE SHEET BANK FAILURES BANK MANAGEMENT BANKING CRISES BANKING SUPERVISION BANKING SYSTEM BANKS CAPITAL ADEQUACY CAPITAL REQUIREMENTS CENTRAL BANK CREDIT RATINGS DEBT DEPOSITORS DISCLOSURE FINANCIAL RISK FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT INCOME INFLATION LOW INFLATION MARKET RISK MONETARY POLICY MORAL HAZARD PRICE STABILITY PRIVATE SECTOR RISK MANAGEMENT SECURITIES SHAREHOLDERS SMALL BANKS SUPERVISORY REGIME TRANSPARENCY BANKING EXECUTIVES CENTRAL BANKS CAPITAL MARKETS INFORMATION DISSEMINATION BANK REGULATION BANK SUPERVISION PUBLIC DISCLOSURE
Online Access:	http://documents.worldbank.org/curated/en/1996/10/693107/regulating-banks-through-public-disclosure-case-new-zealand http://hdl.handle.net/10986/11606

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recordtype	oai_dc
spelling	okr-10986-116062021-04-23T14:02:56Z Regulating Banks through Public Disclosure-The Case of New Zealand Nicholl, Peter AGENTS AUDITS BALANCE SHEET BANK FAILURES BANK MANAGEMENT BANKING CRISES BANKING SUPERVISION BANKING SYSTEM BANKS CAPITAL ADEQUACY CAPITAL REQUIREMENTS CENTRAL BANK CREDIT RATINGS DEBT DEPOSITORS DISCLOSURE FINANCIAL RISK FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT INCOME INFLATION LOW INFLATION MARKET RISK MONETARY POLICY MORAL HAZARD PRICE STABILITY PRIVATE SECTOR RISK MANAGEMENT SECURITIES SHAREHOLDERS SMALL BANKS SUPERVISORY REGIME TRANSPARENCY BANKING EXECUTIVES CENTRAL BANKS RISK MANAGEMENT CAPITAL MARKETS CAPITAL REQUIREMENTS INFORMATION DISSEMINATION BANK REGULATION BANK SUPERVISION MORAL HAZARD PUBLIC DISCLOSURE New Zealand has adopted a system of market-based bank regulation to try to reduce moral hazard and fiscal risk for the government. The system introduces new elements of public disclosure and enhanced director responsibility. Although the central bank still monitors banks, it now uses only publicly disclosed information. Judging initial reactions, the author argues that banks find the new approach more demanding than the traditional one. 2012-08-13T15:31:11Z 2012-08-13T15:31:11Z 1996-10 http://documents.worldbank.org/curated/en/1996/10/693107/regulating-banks-through-public-disclosure-case-new-zealand http://hdl.handle.net/10986/11606 English Viewpoint: Public Policy for the Private Sector; Note No. 94 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research East Asia and Pacific New Zealand
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	AGENTS AUDITS BALANCE SHEET BANK FAILURES BANK MANAGEMENT BANKING CRISES BANKING SUPERVISION BANKING SYSTEM BANKS CAPITAL ADEQUACY CAPITAL REQUIREMENTS CENTRAL BANK CREDIT RATINGS DEBT DEPOSITORS DISCLOSURE FINANCIAL RISK FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT INCOME INFLATION LOW INFLATION MARKET RISK MONETARY POLICY MORAL HAZARD PRICE STABILITY PRIVATE SECTOR RISK MANAGEMENT SECURITIES SHAREHOLDERS SMALL BANKS SUPERVISORY REGIME TRANSPARENCY BANKING EXECUTIVES CENTRAL BANKS RISK MANAGEMENT CAPITAL MARKETS CAPITAL REQUIREMENTS INFORMATION DISSEMINATION BANK REGULATION BANK SUPERVISION MORAL HAZARD PUBLIC DISCLOSURE
spellingShingle	AGENTS AUDITS BALANCE SHEET BANK FAILURES BANK MANAGEMENT BANKING CRISES BANKING SUPERVISION BANKING SYSTEM BANKS CAPITAL ADEQUACY CAPITAL REQUIREMENTS CENTRAL BANK CREDIT RATINGS DEBT DEPOSITORS DISCLOSURE FINANCIAL RISK FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT INCOME INFLATION LOW INFLATION MARKET RISK MONETARY POLICY MORAL HAZARD PRICE STABILITY PRIVATE SECTOR RISK MANAGEMENT SECURITIES SHAREHOLDERS SMALL BANKS SUPERVISORY REGIME TRANSPARENCY BANKING EXECUTIVES CENTRAL BANKS RISK MANAGEMENT CAPITAL MARKETS CAPITAL REQUIREMENTS INFORMATION DISSEMINATION BANK REGULATION BANK SUPERVISION MORAL HAZARD PUBLIC DISCLOSURE Nicholl, Peter Regulating Banks through Public Disclosure-The Case of New Zealand
geographic_facet	East Asia and Pacific New Zealand
relation	Viewpoint: Public Policy for the Private Sector; Note No. 94
description	New Zealand has adopted a system of market-based bank regulation to try to reduce moral hazard and fiscal risk for the government. The system introduces new elements of public disclosure and enhanced director responsibility. Although the central bank still monitors banks, it now uses only publicly disclosed information. Judging initial reactions, the author argues that banks find the new approach more demanding than the traditional one.
format	Publications & Research :: Viewpoint
author	Nicholl, Peter
author_facet	Nicholl, Peter
author_sort	Nicholl, Peter
title	Regulating Banks through Public Disclosure-The Case of New Zealand
title_short	Regulating Banks through Public Disclosure-The Case of New Zealand
title_full	Regulating Banks through Public Disclosure-The Case of New Zealand
title_fullStr	Regulating Banks through Public Disclosure-The Case of New Zealand
title_full_unstemmed	Regulating Banks through Public Disclosure-The Case of New Zealand
title_sort	regulating banks through public disclosure-the case of new zealand
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/1996/10/693107/regulating-banks-through-public-disclosure-case-new-zealand http://hdl.handle.net/10986/11606
_version_	1764417341015195648

Regulating Banks through Public Disclosure-The Case of New Zealand

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