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Institutional Design for Financial Market Supervision

2014
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Release : 2014
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Book Synopsis Institutional Design for Financial Market Supervision by : Eilis Ferran

Download or read book Institutional Design for Financial Market Supervision written by Eilis Ferran. This book was released on 2014. Available in PDF, EPUB and Kindle. Book excerpt: Countries aspire to have a competitive financial system that is consistent with financial stability, inspires public confidence, and has the capacity to meet the needs of users and to foster growth in the real economy. This paper, which has been written for the Handbook on Financial Regulation (Moloney, Ferran and Payne (eds) OUP, 2014) surveys the academic and policy debate on key issues that are relevant to the task of designing supervisory institutions to contribute to the achievement of these goals. The paper considers: the main supervisory models identified in the literature and in operation in practice in selected jurisdictions; the public character of supervision and the role of self-regulation; the role of the central bank in financial supervision; supervisory mandates and powers; supervisory accountability, governance and transparency; and supervisory costs and funding models. The paper shows that design choices can make a difference to supervisory and economic outcomes, but also that there is no single "right" or "wrong" institutional model for financial supervision, and that strong (and weak) financial supervision can come in a variety of packages.

Designing Financial Supervision Institutions

2007 Business & Economics
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Release : 2007
Genre : Business & Economics
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Book Synopsis Designing Financial Supervision Institutions by : Donato Masciandaro

Download or read book Designing Financial Supervision Institutions written by Donato Masciandaro. This book was released on 2007. Available in PDF, EPUB and Kindle. Book excerpt: This book offers the first systematic discussion of a new and promising field: the economics of independence, accountability and governance of financial supervision institutions. For a long time the design of supervision had been an irrelevant issue, both in theory and practice. This perception changed dramatically in the mid-1990s, and over the past decade many countries have witnessed changes in the architecture of financial supervision. This book presents frameworks for analyzing the emerging supervisory architectures and sheds light on the different supervisory regimes, with a particular focus on the role of central banks. It takes a country-specific, comparative and empirical approach. Designing Financial Supervision Institutions will be an accessible reference tool for multidisciplinary scholars and academics (principally economics, but also politics and law), policymakers, regulators and supervisory institutions. All royalties from this book to go to the UK charity, NSPCC.

Financial Regulation at the Crossroads

2011-01-01 Business & Economics
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Release : 2011-01-01
Genre : Business & Economics
Kind : eBook
Book Rating : 550/5 ( reviews)

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Book Synopsis Financial Regulation at the Crossroads by : Panagiotis Delimatsis

Download or read book Financial Regulation at the Crossroads written by Panagiotis Delimatsis. This book was released on 2011-01-01. Available in PDF, EPUB and Kindle. Book excerpt: This book brings outstanding expertise and provides insightful perspectives from nineteen authors with diverse backgrounds, including officials from international organizations, national regulators, and commercial banking, as well as academics in law, economics, political economy, and finance. The authors not only shed light on the causes of the financial turmoil, but also present thoughtful proposals that contribute to the future policy debate, and discuss opportunities that financial services can offer in funding activities which raise standards of living through initiatives in microfinance, renewable energy, and food distribution. The contributions to this volume tackle several of the thorniest issues of financial regulation in a post-crisis environment, such as: the mechanics of contagion within the financial system and the role of liquidity; moral hazard when large financial institutions are no longer subject to the disciplinary effects of bankruptcy; bank capital requirements; management compensation; design of bank resolution schemes; a function-centric versus institution-centric regulatory approach; subsidization and compatibility of stimulus packages with EU rules on state aid; trade finance and the role of the GATS prudential carve-out; and the role of financial services in promoting human rights or combating climate change.

Regulating and Supervising European Financial Markets

2016-08-16 Law
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Release : 2016-08-16
Genre : Law
Kind : eBook
Book Rating : 749/5 ( reviews)

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Book Synopsis Regulating and Supervising European Financial Markets by : Mads Andenas

Download or read book Regulating and Supervising European Financial Markets written by Mads Andenas. This book was released on 2016-08-16. Available in PDF, EPUB and Kindle. Book excerpt: The book analyses the institutions of the European financial market supervision and the challenges of financial markets. The current European supervisory structure for financial markets represents a major development in European supervisory history. Its operation however has to be explored and analysed critically. Has it gone far enough to provide a sufficiently comprehensive and resilient system to reduce or mitigate systemic risks and handle financial crises? Some claim it has gone too far already. Fresh and rigorous critical legal and economic analysis from an independent scholarly perspective are needed to assess whether the institutional design of the European supervisory architecture has proved itself to be an efficient and effective model. This book discusses many dimensions of the structure and workings of the European system from various angles providing different dimensions. The book makes an important contribution to the limited literature on financial market supervision.

Systemic Risk, Institutional Design, and the Regulation of Financial Markets

2016-11-24 Law
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Release : 2016-11-24
Genre : Law
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Book Rating : 305/5 ( reviews)

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Book Synopsis Systemic Risk, Institutional Design, and the Regulation of Financial Markets by : Anita Anand

Download or read book Systemic Risk, Institutional Design, and the Regulation of Financial Markets written by Anita Anand. This book was released on 2016-11-24. Available in PDF, EPUB and Kindle. Book excerpt: Following the recent financial crisis, regulators have been preoccupied with the concept of systemic risk in financial markets, believing that such risk could cause the markets that they oversee to implode. At the same time, they have demonstrated a certain inability to develop and implement comprehensive policies to address systemic risk. This inability is due not only to the indeterminacy inherent in the term 'systemic risk' but also to existing institutional structures which, because of their existing legal mandates, ultimately make it difficult to monitor and regulate systemic risk across an entire economic system. Bringing together leading figures in the field of financial regulation, this collection of essays explores the related concepts of systemic risk and institutional design of financial markets, responding to a number of questions: In terms of systemic risk, what precisely is the problem and what can be done about it? How should systemic risk be regulated? What should be the role of the central bank, banking authorities, and securities regulators? Should countries implement a macroprudential regulator? If not, how is macroprudential regulation to be addressed within their respective legislative schemes? What policy mechanisms can be employed when developing regulation relating to financial markets? A significant and timely examination of one of the most intractable challenges posed to financial regulation.

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