04434nam 2200709 a 450 991097509250332120251116160412.01-280-08752-897866100875250-585-40868-810.1596/0-8213-4839-6(CKB)111056486747490(OCoLC)50322022(CaPaEBR)ebrary5007776(SSID)ssj0000086297(PQKBManifestationID)11111092(PQKBTitleCode)TC0000086297(PQKBWorkID)10025916(PQKB)10902527(MiAaPQ)EBC3050492(Au-PeEL)EBL3050492(CaPaEBR)ebr5007776(CaONFJC)MIL8752(The World Bank)ocm49517496(US-djbf)12761287(BIP)46161023(BIP)7813777(EXLCZ)9911105648674749020020501d2002 uy 0engurcn|||||||||txtrdacontentcrdamediacrrdacarrierThe development and regulation of non-bank financial institutions /Jeffey Carmichael, Michael Pomerleano1st ed.Washington, D.C. World Bankc2002xv, 230 pages illustrations ;24 cmBibliographic Level Mode of Issuance: Monograph0-8213-4839-6 Includes bibliographical references (p. 225-230).Intro -- Contents -- Foreword -- Preface -- Acknowledgments -- Financial Systems -- The Policy Framework -- Financial Institutions -- The Role of Non-Bank Financial Institutions -- Regulatory Objectives -- The Principles of Regulation -- Regulatory Structure -- Regulatory Backing -- Regulatory Implementation -- Insurance (Risk- Pooling) Companies -- The Market for Insurance -- Factors Affecting the Growth of Insurance -- The Contribution of Insurance to Economic Growth -- Regulating Insurance Companies -- The Market for Contractual Savings -- Contractual Savings Institutions -- A Note on Pension Fund Growth -- Factors Affecting the Growth of Contractual Savings Institutions -- The Contribution of Contractual Savings Institutions to Economic Growth -- The Appropriate Form of Regulation -- Regulatory Tools and Techniques for Collective Investments -- Surveillance -- Special Issues in Pension Reform in Emerging Markets -- Securities Markets -- The Market for Securities: The Growth of Emerging Markets -- Factors Affecting the Growth of Securities Markets -- Contribution of Securities Markets to Economic Growth and Stability -- Regulating Securities Markets -- The Policy Agenda: Second-Generation Challenges for Emerging Markets -- Epilogue -- Leasing Finance -- Specialized Financial Institutions -- Real Estate Finance -- A Note on Financial Cooperatives -- Factors Affecting the Growth of Specialized Financial Institutions -- The Contribution of Specialized Financial Institutions to Economic Growth -- The Appropriate Form of Regulation -- Regulatory Tools and Techniques -- Issues for Emerging Markets -- The Importance of Legal Infrastructure -- Critical Financial Sector Skills and Professions -- Incentives for the Growth of NBFIs -- The Role of Foreign Competition -- The Role of Government Provision of Nonbank Financial Services.The Importance of Public Sector Governance -- The Importance of Sequencing Reforms -- References.This book helps build an awareness of the potential of non-bank financial institutions -- including insurance companies, mutual funds, real estate, and pension schemes -- for developing countries. It aims to assist policymakers in the creation of coherent policy structures and sound regulatory environments.World Bank e-Library.Financial institutionsDeveloping countriesInsurance companiesDeveloping countriesSecuritiesDeveloping countriesFinancial institutionsInsurance companiesSecurities332.1Carmichael Jeffrey1863433Pomerleano Michael1863434World Bank.MiAaPQMiAaPQMiAaPQBOOK9910975092503321The development and regulation of non-bank financial institutions4470072UNINA