Tuesday, May 6th, 2008
How to define pro-cyclicality
Procyclicality is used in the context of discussing the effects of Basel II on the financial system. A simplified definition of pro-cyclicality is:
International rules have encouraged banks to act more aggressively when the economic cycle is in the middle of an upswing, when some argue that is ...
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Sunday, May 4th, 2008
Claudio Borio, Craig Furfine and Philip Lowe discuss concepts of risks in their article "Pro-cyclicality of the financial system and financial stability: issues and policy options":
They distinguish several types of risk:
expected and unexpected losses (in the statistical sense)
“Expected losses” refer to the average or mean losses anticipated over a particular ...
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Tuesday, April 22nd, 2008
Dirk Schoenmaker and Sander Osterloo from the Dutch Finance Ministry have written an article about Cross-border issues in European financial supervision as part of the book on the Structure of Financial Regulation by David G Mayes and Geoffrey E Wood.
At the beginning of their article, they point to the fundamental ...
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Tuesday, April 22nd, 2008
David G. Mayes and Geoffrey E. Wood have published a book about "The Structure of Financial Regulation" in 2007 based on a workshop held at the Bank of FInland. The book includes some interesting chapters on:
Financial supervision
Bank regulation and money laundering
Corporate Governance
Insolvency Regimes
Financial stability and the EMU
Cross-Border Payment Systems
Securities clearing ...
Posted in Books | 2 Comments »
Monday, April 14th, 2008
When defining Financial Stability, the authors of the book on "Global Financial Governance" stated that financial stability is a "public good [which] will never be provided adequately by the market without regulatory intervention" (p. 18).
In the traditional meaning, a public good does not necessarily need public intervention or regulation, it ...
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Sunday, April 13th, 2008
The FSF Report on Financial Stability (called "Enhancing Market and Institutional Resilience") was yesterday approved by the G7.
To assess the impact of the report on the global financial architecture and the responses to the credit crisis in the financial markets, it is worthwhile recalling the original demands of the G7.
In ...
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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: Financial Stability Institute
Abbreviation: FSI
Type: Public
Founded: 1999
Members Total: not applicable
Membership in: not applicable
Membership of: not applicable
Description: The Bank for International Settlements and the Basel Committee on Banking Supervision jointly created the Financial Stability Institute (FSI) in 1999 to assist financial sector supervisors around the world in improving and strengthening their ...
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Wednesday, April 2nd, 2008
Institution: Committee on the Global Financial System
Abbreviation: CGFS
Type: Public
Founded: 1971
Members Total:
Membership in: FSF
Membership of: ECB
Description: The Committee has a mandate to identify and assess potential sources of stress in global financial markets, to further the understanding of the structural underpinnings of financial markets, and to promote improvements to the ...
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Wednesday, April 2nd, 2008
Institution: International Association of Deposit Insurers
Abbreviation: IADI
Type: Public
Founded: 2000
Members Total: 50 (Member Directory)
Membership in:
Membership of:
Description:
The International Association of Deposit Insurers (IADI) is a separate legal entity domiciled at the Bank for International Settlements in Basel, Switzerland. IADI was created following the work of the study and working groups ...
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