Coordinating Prudential Regulation and Secured Transactions Frameworks : A Primer

Coordination between secured transactions law and rules regulating financial products and institutions is of primary importance to support establishing a sound and inclusive credit ecosystem. This Primer illustrates why coordination between secured...

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Bibliographic Details
Main Author: International Finance Corporation
Format: Report
Language:English
Published: International Finance Corporation, Washington, DC 2020
Subjects:
Online Access:http://documents.worldbank.org/curated/en/739451604998793072/Coordinating-Prudential-Regulation-and-Secured-Transactions-Frameworks-A-Primer
http://hdl.handle.net/10986/34813
Description
Summary:Coordination between secured transactions law and rules regulating financial products and institutions is of primary importance to support establishing a sound and inclusive credit ecosystem. This Primer illustrates why coordination between secured transactions law reforms and prudential regulation is needed; introduces the rationale and key tenets of prudential regulatory regimes. Also, specific attention is given to capital requirements and prudential loan-loss provisioning. The Primer also identifies a set of typical issues emerging from the reform experiences of several jurisdictions and presents the key elements of the regulatory strategy to approach such issues.