1.

Record Nr.

UNINA9910785528203321

Autore

Narain Aditya

Titolo

Building a More Resilient Financial Sector : : Reforms in the Wake of the Global Crisis / / Aditya Narain, Inci Ötker, Ceyla Pazarbasioglu

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2012

ISBN

1-4755-8969-7

1-4755-6936-X

Descrizione fisica

1 online resource (610 p.)

Altri autori (Persone)

ÖtkerInci

PazarbasiogluCeyla

Disciplina

332/.042

Soggetti

International finance

Banking law

Financial institutions, International - Law and legislation

Global Financial Crisis, 2008-2009

Banks and Banking

Finance: General

Financial Risk Management

Public Finance

Industries: Financial Services

Investments: General

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

General Financial Markets: Government Policy and Regulation

Financial Institutions and Services: Government Policy and Regulation

Financial Institutions and Services: General

Investment Banking

Venture Capital

Brokerage

Ratings and Ratings Agencies

Banking

Finance

Economic & financial crises & disasters

Financial services law & regulation

Investment & securities

Financial institutions

Financial crises



Financial sector policy and analysis

Systemic risk

Systemically important financial institutions

Bank resolution framework

Contingent capital

Commercial banks

Banks and banking

Financial services industry

Financial risk management

Crisis management

Investment banking

State supervision

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references (p. 261-268) and index.

Nota di contenuto

Cover Page; Title Page; Copyright Page; Contents; Chapters; Foreword; Acknowledgments; Abbreviations; Contributors; 1 From Crisis to a New Financial Architecture: Taking Stock and Looking Forward; 2 Shaping the New Financial System; 3 Impact of Regulatory Reforms on Large and Complex Financial Institutions; 4 The Perimeter of Financial Regulation; 5 The Making of Good Supervision: Learning to Say "No"; 6 Resolution of Cross-Border Banks: A Proposed Framework for Enhanced Coordination; 7 The Too-Important-to-Fail Conundrum: Impossible to Ignore and Difficult to Resolve

8 Contingent Capital: Economic Rationale and Design Features9 Recovery and Resolution Plans (Living Wills): A Solution to the TITF Problem?; 10 Making Banks Safer: Can Volcker and Vickers Do It?; 11 Subsidiaries or Branches: Does One Size Fit All?; 12 Redesigning the Contours of the Future Financial System; Index; References; Footnotes

Sommario/riassunto

The IMF, with the Bank for International Settlements and the Financial Stability Board, has been at the forefront of discussions on reform of the global financial system to reduce the possibility of future crises, as well as to limit the consequences if they do occur. The policy choices are both urgent and challenging, and are complicated by the relationship between sovereign debt and risks to the banking sector. Building a More Resilient Financial Sector describes the key elements of the reform agenda, including tighter regulation and more effective supervision; greater transparency to strengthen market discipline and limit incentives for risk taking; coherent mechanisms for resolution of failed institutions; and effective safety nets to limit the impact on the financial system of institutions viewed as "too big to fail." Finally, the book takes a look ahead at how the financial system is likely to be shaped by the efforts of policymakers and the private sector response.