Sunday, June 22nd, 2008
This article discusses the membership of 43 key economies in the major international financial institutions. The aim is to assess whether the global financial architecture adequately incorporates the key economies. The article can also be found in this PDF-Document.
The chart (left) lists 21 international organizations. Some of them are grouped ...
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Sunday, April 27th, 2008
To assess the evolution of the Financial Architecture after the Asian Crisis, the Meltzer Report provides a good gauge for the critique of the USA and other G7 countries towards the International Financial Institution. The report is named after Allan H. Meltzer, an economist and prominent critic of the Bretton-Woods-Institutions.
In ...
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Tuesday, April 22nd, 2008
Puzzling Complexity
The global financial architecture is very complex. Despite increasing liberalization of financial markets, increased system risk and integration of the economies through the financial markets in the last 30 years, there is no single World Financial Authority regulating the financial markets, as Alexander, Eatwell and Dhumale have suggested.
Instead what ...
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Monday, April 21st, 2008
In 2001, Kern Alexander and Rahul Dhumale published a paper on the relevance of International Standards for the Corporate Governance of Financial Institutions.
Both the BCBS and the OECD have released Corporate Governance Principles (the OEDC in 2004, the BCBS in 2006) building on previous work.
As the authors point out, corporate ...
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Sunday, April 20th, 2008
When academics, analysts and scholars analyze the causes and remedies for the current credit crisis, most of them analyze macro-economic trends such as exchange rate movements, or micro-economic changes such as Basel II.
How the global financial architecture evolved and how that influences the probability of crisis is very rarely discussed. ...
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Sunday, April 13th, 2008
The G7 Finance Ministers met yesterday at the IMF Spring Meeting and approved a report prepared by the Financial Stability Forum, the main forum bringing together Central Banks, Regulators and Finance Ministers. Before discussing the report in detail, it is essential to get an overview of what the FSF is ...
Posted in Reports | 3 Comments »
Wednesday, April 2nd, 2008
Institution: Joint Forum
Abbreviation: JF
Type: Public
Founded: 1996
Members Total: 3
Membership in:
Membership of: BCBS, IOSCO, IAIS
Description:
Working Group: Risk Assessment and Capital; Conglomerate Supervision; Customer Suitability.
Outreach:
Reporting to:
Website:http://www.bis.org/bcbs/jointforum.htm
Highest Organ: The Joint Forum usually meets three times per year.
Chair: John C Dugan, Comptroller of the Currency, United States
Seat: Basel
Function: To discuss regulation ...
Posted in Organisations | 2 Comments »