Supervision of Financial Conglomerates : The Case of Chile
The author describes the presence of financial conglomerates and assesses the extent to which the risks they introduce to the Chilean financial system are mitigated by existing oversight arrangements (and at what cost). In particular, he questions whether the current silo-based supervisory framework...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/03/5711357/supervision-financial-conglomerates-case-chile http://hdl.handle.net/10986/8966 |
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okr-10986-89662021-04-23T14:02:42Z Supervision of Financial Conglomerates : The Case of Chile Stephanou, Constantinos ACCOUNTING AFFILIATES AFFILIATES/ASSOCIATES ARBITRAGE BALANCE SHEET BANK ASSETS BANK HOLDING COMPANIES BANK HOLDING COMPANY BANK LENDING BANK SUPERVISION BANKING LAW BANKING REGULATION BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKING/INVESTMENT BANKING/SECURITIES BANKS BANKS/BHCS BOLSA BROKERS CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CONNECTED LENDING CONNECTED LENDING/INVESTMENTS CONSOLIDATED SUPERVISION CONSOLIDATION CONSUMER LOANS CONSUMER PROTECTION CONTAGION CREDIT CARDS CUSTODY DEBT DEBT SECURITIES DEVELOPED COUNTRIES DISCLOSURE EMERGING MARKETS EQUITY EQUITY METHOD EQUITY PARTICIPATION EQUITY PARTICIPATIONS EXPOSURE EXTERNAL AUDITORS FACTORING FAILURE RESOLUTION FINANCIAL ACTIVITIES FINANCIAL CONGLOMERATES FINANCIAL INSTITUTIONS FINANCIAL LEGISLATION FINANCIAL MARKET FINANCIAL POLICY FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCIAL STRENGTH FINANCIAL STRENGTH RATING FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL/REAL ESTATE FIREWALLS FIXED ASSETS FIXED INCOME FORESTRY FUNDS MANAGEMENT INCOME INCREMENTAL BENEFITS INSURANCE INSURANCE COMPANIES INTANGIBLE ASSETS INTEGRITY INVESTMENT BANKING INVESTMENT OPERATIONS INVESTMENT REGULATION INVESTOR PROTECTION LATIN AMERICAN LAW/REGULATION LEASING LENDING/INVESTMENTS LIABILITY LIFE INSURANCE LINKAGES MARKET PARTICIPANTS MIGRATION MORTGAGES MUTUAL FUND SHARES MUTUAL FUNDS MUTUAL/INVESTMENT MUTUAL/INVESTMENT FUND OPEN/BANKING OTC OVERSIGHT/MONITORING PENSION FUNDS PENSIONS PRIVATE INFORMATION PROFITABILITY PROXY PRUDENTIAL REGULATIONS PRUDENTIAL REQUIREMENTS REAL ESTATE RESEARCH AGENDA RISK MANAGEMENT SECURITIES SECURITIES FIRMS SECURITIES MARKETS SECURITIES OPERATIONS SECURITIZATION SHAREHOLDERS SHAREHOLDINGS SOCIAL COSTS STOCK BROKERS SUBSIDIARIES SUBSIDIARY SUPERVISORY FRAMEWORK SYSTEMIC RISK TECHNICAL ASSISTANCE TRANSPARENCY TRANSPORT The author describes the presence of financial conglomerates and assesses the extent to which the risks they introduce to the Chilean financial system are mitigated by existing oversight arrangements (and at what cost). In particular, he questions whether the current silo-based supervisory framework, which has served the system fairly well until now, can continue unchanged given growing inter-linkages in the financial system. The author proposes a high-level short- and medium-term supervisory reform agenda that addresses identified vulnerabilities relating to financial conglomerates and continues the migration from a rules-oriented to a risk-based supervisory approach that has gradually been taking place in Chile in recent years. 2012-06-25T20:15:32Z 2012-06-25T20:15:32Z 2005-03 http://documents.worldbank.org/curated/en/2005/03/5711357/supervision-financial-conglomerates-case-chile http://hdl.handle.net/10986/8966 English Policy Research Working Paper; No. 3553 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean Chile |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTING AFFILIATES AFFILIATES/ASSOCIATES ARBITRAGE BALANCE SHEET BANK ASSETS BANK HOLDING COMPANIES BANK HOLDING COMPANY BANK LENDING BANK SUPERVISION BANKING LAW BANKING REGULATION BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKING/INVESTMENT BANKING/SECURITIES BANKS BANKS/BHCS BOLSA BROKERS CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CONNECTED LENDING CONNECTED LENDING/INVESTMENTS CONSOLIDATED SUPERVISION CONSOLIDATION CONSUMER LOANS CONSUMER PROTECTION CONTAGION CREDIT CARDS CUSTODY DEBT DEBT SECURITIES DEVELOPED COUNTRIES DISCLOSURE EMERGING MARKETS EQUITY EQUITY METHOD EQUITY PARTICIPATION EQUITY PARTICIPATIONS EXPOSURE EXTERNAL AUDITORS FACTORING FAILURE RESOLUTION FINANCIAL ACTIVITIES FINANCIAL CONGLOMERATES FINANCIAL INSTITUTIONS FINANCIAL LEGISLATION FINANCIAL MARKET FINANCIAL POLICY FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCIAL STRENGTH FINANCIAL STRENGTH RATING FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL/REAL ESTATE FIREWALLS FIXED ASSETS FIXED INCOME FORESTRY FUNDS MANAGEMENT INCOME INCREMENTAL BENEFITS INSURANCE INSURANCE COMPANIES INTANGIBLE ASSETS INTEGRITY INVESTMENT BANKING INVESTMENT OPERATIONS INVESTMENT REGULATION INVESTOR PROTECTION LATIN AMERICAN LAW/REGULATION LEASING LENDING/INVESTMENTS LIABILITY LIFE INSURANCE LINKAGES MARKET PARTICIPANTS MIGRATION MORTGAGES MUTUAL FUND SHARES MUTUAL FUNDS MUTUAL/INVESTMENT MUTUAL/INVESTMENT FUND OPEN/BANKING OTC OVERSIGHT/MONITORING PENSION FUNDS PENSIONS PRIVATE INFORMATION PROFITABILITY PROXY PRUDENTIAL REGULATIONS PRUDENTIAL REQUIREMENTS REAL ESTATE RESEARCH AGENDA RISK MANAGEMENT SECURITIES SECURITIES FIRMS SECURITIES MARKETS SECURITIES OPERATIONS SECURITIZATION SHAREHOLDERS SHAREHOLDINGS SOCIAL COSTS STOCK BROKERS SUBSIDIARIES SUBSIDIARY SUPERVISORY FRAMEWORK SYSTEMIC RISK TECHNICAL ASSISTANCE TRANSPARENCY TRANSPORT |
| spellingShingle |
ACCOUNTING AFFILIATES AFFILIATES/ASSOCIATES ARBITRAGE BALANCE SHEET BANK ASSETS BANK HOLDING COMPANIES BANK HOLDING COMPANY BANK LENDING BANK SUPERVISION BANKING LAW BANKING REGULATION BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKING/INVESTMENT BANKING/SECURITIES BANKS BANKS/BHCS BOLSA BROKERS CAPITAL ADEQUACY CAPITAL MARKETS CAPITAL REQUIREMENTS CAPITALIZATION CONNECTED LENDING CONNECTED LENDING/INVESTMENTS CONSOLIDATED SUPERVISION CONSOLIDATION CONSUMER LOANS CONSUMER PROTECTION CONTAGION CREDIT CARDS CUSTODY DEBT DEBT SECURITIES DEVELOPED COUNTRIES DISCLOSURE EMERGING MARKETS EQUITY EQUITY METHOD EQUITY PARTICIPATION EQUITY PARTICIPATIONS EXPOSURE EXTERNAL AUDITORS FACTORING FAILURE RESOLUTION FINANCIAL ACTIVITIES FINANCIAL CONGLOMERATES FINANCIAL INSTITUTIONS FINANCIAL LEGISLATION FINANCIAL MARKET FINANCIAL POLICY FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCIAL STRENGTH FINANCIAL STRENGTH RATING FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL/REAL ESTATE FIREWALLS FIXED ASSETS FIXED INCOME FORESTRY FUNDS MANAGEMENT INCOME INCREMENTAL BENEFITS INSURANCE INSURANCE COMPANIES INTANGIBLE ASSETS INTEGRITY INVESTMENT BANKING INVESTMENT OPERATIONS INVESTMENT REGULATION INVESTOR PROTECTION LATIN AMERICAN LAW/REGULATION LEASING LENDING/INVESTMENTS LIABILITY LIFE INSURANCE LINKAGES MARKET PARTICIPANTS MIGRATION MORTGAGES MUTUAL FUND SHARES MUTUAL FUNDS MUTUAL/INVESTMENT MUTUAL/INVESTMENT FUND OPEN/BANKING OTC OVERSIGHT/MONITORING PENSION FUNDS PENSIONS PRIVATE INFORMATION PROFITABILITY PROXY PRUDENTIAL REGULATIONS PRUDENTIAL REQUIREMENTS REAL ESTATE RESEARCH AGENDA RISK MANAGEMENT SECURITIES SECURITIES FIRMS SECURITIES MARKETS SECURITIES OPERATIONS SECURITIZATION SHAREHOLDERS SHAREHOLDINGS SOCIAL COSTS STOCK BROKERS SUBSIDIARIES SUBSIDIARY SUPERVISORY FRAMEWORK SYSTEMIC RISK TECHNICAL ASSISTANCE TRANSPARENCY TRANSPORT Stephanou, Constantinos Supervision of Financial Conglomerates : The Case of Chile |
| geographic_facet |
Latin America & Caribbean Chile |
| relation |
Policy Research Working Paper; No. 3553 |
| description |
The author describes the presence of financial conglomerates and assesses the extent to which the risks they introduce to the Chilean financial system are mitigated by existing oversight arrangements (and at what cost). In particular, he questions whether the current silo-based supervisory framework, which has served the system fairly well until now, can continue unchanged given growing inter-linkages in the financial system. The author proposes a high-level short- and medium-term supervisory reform agenda that addresses identified vulnerabilities relating to financial conglomerates and continues the migration from a rules-oriented to a risk-based supervisory approach that has gradually been taking place in Chile in recent years. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Stephanou, Constantinos |
| author_facet |
Stephanou, Constantinos |
| author_sort |
Stephanou, Constantinos |
| title |
Supervision of Financial Conglomerates : The Case of Chile |
| title_short |
Supervision of Financial Conglomerates : The Case of Chile |
| title_full |
Supervision of Financial Conglomerates : The Case of Chile |
| title_fullStr |
Supervision of Financial Conglomerates : The Case of Chile |
| title_full_unstemmed |
Supervision of Financial Conglomerates : The Case of Chile |
| title_sort |
supervision of financial conglomerates : the case of chile |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/03/5711357/supervision-financial-conglomerates-case-chile http://hdl.handle.net/10986/8966 |
| _version_ |
1764407157367767040 |