Incentive Audits : A New Approach to Financial Regulation

Incentive Audits : A New Approach to Financial Regulation

A large body of evidence points to misaligned incentives as having a key role in the run-up to the global financial crisis. These include bank managers' incentives to boost short-term profits and create banks that are "too big to fail,&qu...

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Bibliographic Details
Main Authors:	Čihák, Martin, Demirgüç-Kunt, Aslı, Johnston, R. Barry
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ACCOUNTABILITY ACCOUNTING ADVANCED ECONOMIES ADVERSE SELECTION ARBITRAGE ASYMMETRIC INFORMATION AUDITING AUDITORS AUDITS AUTONOMY BALANCE SHEET BANK FAILURES BANK FOR INTERNATIONAL SETTLEMENTS BANK HOLDING BANK HOLDING COMPANIES BANK OF ENGLAND BANK REGULATION BANK RISK BANKING CRISES BANKING CRISIS BANKING INSTITUTIONS BANKING REGULATION BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BANKRUPTCY PROCEDURES BANKS BANQUE DE FRANCE BOOM-BUST CYCLES CAPITAL ACCORD CAPITAL ADEQUACY CAPITAL RATIOS CAPITAL REGULATION CAPITAL REQUIREMENTS CAPITAL STANDARDS CENTRAL BANK CENTRAL BANKING CHECKS CLEARING HOUSES COLLATERAL COLLATERAL POLICIES COMMERCIAL BANK COMMERCIAL BANKS COMPETITION POLICY CONFLICT OF INTEREST CONFLICTS OF INTEREST CONSUMER PROTECTION CONTRACT DESIGN CORPORATE GOVERNANCE CREDIBILITY CREDIT CEILINGS CREDIT DEFAULT CREDIT DEFAULT SWAPS CREDIT ENHANCEMENTS CREDIT EXPANSION CREDIT GROWTH CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT RISK CREDIT RISK ASSESSMENT CREDIT WORTHINESS DEBT DEBT SERVICE DEBTORS DEFAULTS DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE SCHEMES DERIVATIVES DEVELOPING COUNTRIES DEVELOPING ECONOMIES DISCLOSURE REQUIREMENTS DUE DILIGENCE EMERGING MARKETS EXCHANGE RATE EXCHANGE RATE REGIMES EXPOSURE EXTERNALITIES FEDERAL RESERVE FEDERAL RESERVE BANK FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DERIVATIVES FINANCIAL DEVELOPMENT FINANCIAL INFORMATION FINANCIAL INNOVATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL POLICIES FINANCIAL PRODUCTS FINANCIAL REFORM FINANCIAL REGULATION FINANCIAL SAFETY NETS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SERVICES INDUSTRY FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEM STABILITY FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FISCAL AUTHORITIES FLOW OF CREDIT FOREIGN CURRENCY GLOBAL FINANCIAL STABILITY GLOBAL FINANCIAL SYSTEM GOVERNMENT REGULATION HEDGE FUNDS HOME OWNERSHIP HOUSING INCENTIVE STRUCTURES INCOME INFORMATION ASYMMETRIES INFORMATION DISCLOSURES INSURANCE INSURANCE MARKETS INTEREST RATE INTEREST RATE POLICIES INTEREST RATE SPREADS INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL STANDARDS INVESTING INVESTOR PROTECTION JURISDICTION JURISDICTIONS LACK OF TRANSPARENCY LAWS LEGISLATION LENDER LENDER OF LAST RESORT LIABILITY LIQUIDITY LIQUIDITY RISK LOAN MACROECONOMIC POLICY MANDATES MARK-TO-MARKET MARK-TO-MARKET ACCOUNTING MARKET DISCIPLINE MARKET FAILURE MARKET FAILURES MARKET PARTICIPANTS MARKET STRUCTURE MARKET VALUE MONETARY AUTHORITY MONETARY FUND MONETARY POLICY MORAL HAZARD MORTGAGE MORTGAGE LENDING MORTGAGE MARKET MORTGAGES OPERATIONAL INDEPENDENCE PARTICULAR COUNTRY PAYMENT SYSTEM PAYMENTS SYSTEMS POLICY RESPONSE POLICY RESPONSES PORTFOLIO PRIVATE SECTOR DEVELOPMENT PRUDENTIAL REGULATION PRUDENTIAL REGULATIONS PRUDENTIAL SUPERVISION PUBLIC FUNDS RAPID GROWTH RATING AGENCIES REAL ESTATE REGULATOR REGULATORS REGULATORY AGENCIES REGULATORY AUTHORITIES REGULATORY BODIES REGULATORY CAPITAL REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY GOVERNANCE REGULATORY REGIMES REGULATORY SYSTEMS RETURNS RISK ASSESSMENTS RISK CAPITAL RISK CONTROLS RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK MANAGERS RISK MEASUREMENT RISK TAKING RISK WEIGHTS SAFETY NET SECURITIES SHAREHOLDERS SMALL COUNTRIES SOLVENCY SOVEREIGN DEBT SOVEREIGN DEBTS STOCK OPTIONS SUPERVISION OF BANKS SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY SUPERVISORY FRAMEWORK SUPERVISORY POWERS SYSTEMIC RISK SYSTEMIC RISKS TAX TAX CODE TAX INCENTIVES TAX SYSTEM TRADING TRANSPARENCY TURNOVER UNDERWRITERS VALUATIONS WAGES
Online Access:	http://documents.worldbank.org/curated/en/2013/01/17155359/incentive-audits-new-approach-financial-regulation http://hdl.handle.net/10986/12199

Internet

http://documents.worldbank.org/curated/en/2013/01/17155359/incentive-audits-new-approach-financial-regulation
http://hdl.handle.net/10986/12199

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