06560oam 22012974 450 991097018800332120250426110725.0978661284141597814623204791462320473978145270670214527067009781451870480145187048597812828414131282841416(CKB)3170000000055075(EBL)1607952(SSID)ssj0000943031(PQKBManifestationID)11479822(PQKBTitleCode)TC0000943031(PQKBWorkID)10974769(PQKB)10667190(OCoLC)763029293(IMF)WPIEE2008190(MiAaPQ)EBC1607952(IMF)WPIEA2008190WPIEA2008190(EXLCZ)99317000000005507520020129d2008 uf 0engur|n|---|||||txtccrQuality of Financial Sector Regulation and Supervision Around the World /Martin Cihak, Alexander Tieman1st ed.Washington, D.C. :International Monetary Fund,2008.1 online resource (47 p.)IMF Working PapersIMF working paper ;WP/08/190Description based upon print version of record.9781451915013 1451915012 Includes bibliographical references.Contents; I. Introduction; II. Data and Methodology; III. An Introductory Analysis of the Quality of Supervision; A. Overall Findings; Figures; 1. Overall Compliance with Standards and Codes; B. Differences by Income Level and Geographic Region; 2. Overall Compliance by Income Level; 3. Overall Compliance by Geographic Region; C. Main Strengths and Areas for Improvement; IV. Regression Analysis; V. Analysis of Other FSAP Recommendations; Box; 1. Cross-Border Issues in FSAPs for EU Countries: A Survey; VI. Conclusions; 4. Coverage of BCP, IAIS, and IOSCO Assessments, as of December 31, 2007Tables1. Banking Supervision 'Dictionary'; 2. Insurance Supervision 'Dictionary'; 3. Securities Regulation 'Dictionary'; 4. Financial Sector Standards and Their Four Main Components; 5. Compliance in Detail: Basel Core Principles; 6. Compliance in Detail: IAIS Principles; 7. Compliance in Detail: IOSCO's Objectives and Principles; 8. Regressions of Compliance on Income Per Capita; 5. Supervisory Quality by Level of Development; 6. Supervisory Quality by Geographic Region; 7. Correlation of Standards and Codes Assessments with the BCL Database8. Correlation of Standards and Codes Assessments with KKM 2002 Database9. Correlation of Standards and Codes Assessments with KKM 2006 Database; 10. Regressions of Standards and Codes on KKM 2002 Variables and GDP Per Capita; 11. Regressions of Standards and Codes on KKM 2006 Variables and GDP Per Capita; 12. Regressions of Standards and Codes on BCL Variables and GDP Per Capita; Appendix; Main Areas for Improvements in Banking, Insurance, and Securities; ReferencesThe paper analyzes the quality of financial sector regulation and supervision around the globe. Unlike studies that collect and analyze data on regulation and supervision "on the books," this study also analyzes available information on supervisory implementation, making use of data from IMF-World Bank assessments of compliance with international standards and codes. Incorporating supervisory implementation into the study provides an improved means of assessing countries' regulatory systems. We find that countries' regulatory frameworks score on average one notch below full compliance with the standards (on a 4-notch scale). There are substantial differences in the quality of regulatory and supervisory frameworks across countries, with the income level being a major factor.IMF Working Papers; Working Paper ;No. 2008/190Banks and bankingState supervisionFinancial institutionsState supervisionBankingimfBanks and BankingimfBanks and bankingimfBanksimfBasel Core PrinciplesimfBusiness and FinancialimfCorporation and Securities LawimfDepository InstitutionsimfFinanceimfFinance: GeneralimfFinancial Sector Assessment ProgramimfFinancial services industryimfFinancial services law & regulationimfGeneral Financial Markets: Government Policy and RegulationimfIncomeimfLaw and legislationimfMacroeconomicsimfMicro Finance InstitutionsimfMortgagesimfNonbank financial institutionsimfPersonal incomeimfPersonal Income, Wealth, and Their DistributionsimfSecurities regulationimfState supervisionimfBelgiumimfBanks and bankingState supervision.Financial institutionsState supervision.BankingBanks and BankingBanks and bankingBanksBasel Core PrinciplesBusiness and FinancialCorporation and Securities LawDepository InstitutionsFinanceFinance: GeneralFinancial Sector Assessment ProgramFinancial services industryFinancial services law & regulationGeneral Financial Markets: Government Policy and RegulationIncomeLaw and legislationMacroeconomicsMicro Finance InstitutionsMortgagesNonbank financial institutionsPersonal incomePersonal Income, Wealth, and Their DistributionsSecurities regulationState supervision332.1Cihak Martin1106217Tieman Alexander1815594DcWaIMFBOOK9910970188003321Quality of Financial Sector Regulation and Supervision Around the World4372496UNINA