Last edited by Digrel
Tuesday, July 14, 2020 | History

5 edition of Supervision of financial conglomerates found in the catalog.

Supervision of financial conglomerates

Constantinos Stephanou

Supervision of financial conglomerates

the case of Chile

by Constantinos Stephanou

  • 274 Want to read
  • 1 Currently reading

Published by World Bank in [Washington, D.C .
Written in English

    Places:
  • Chile
    • Subjects:
    • Financial institutions -- Chile -- State supervision,
    • Conglomerate corporations -- Chile -- State supervision

    • Edition Notes

      StatementConstantinos Stephanou.
      SeriesPolicy research working paper ;, 3553, Policy research working papers (Online) ;, 3553.
      ContributionsWorld Bank.
      Classifications
      LC ClassificationsHG3881.5.W57
      The Physical Object
      FormatElectronic resource
      ID Numbers
      Open LibraryOL3477556M
      LC Control Number2005617280

        The adoption of harmonised rules on prudential supervision of financial conglomerates was one of the priority measures in the Financial Services Action Plan: it was considered essential to complete the implementation of a Single Market in Financial Services and address the loopholes existing in the sector legislation when it comes to ?tipo=publicaciones&. Downloadable! The author describes the presence of financial conglomerates and assesses the extent to which the risks they introduce to the Chilean financial system are mitigated by existing oversight arrangements (and at what cost). In particular, he questions whether the current silo-based supervisory framework, which has served the system fairly well until now, can continue unchanged given

      DANS is an institute of KNAW and NWO. Driven by data. Go to page top Go back to contents Go back to site navigation: This handbook aims to provide direction to financial services regulators and supervisors in central banks around the world with regard to best practice prudential guidelines for establishing, managing, supervising and regulating banks and financial

      The regulation and supervision of domestic financial conglomerates (English) Abstract. Financial conglomerates are groups of financial institutions related by ownership or control. Specific regulatory and supervisory issues arise when financial services -- such as commercial and retail banking, securities underwriting and trading, investment Gabriele Stöffler, "Supervision of Financial Conglomerates," Financial Stability Report, Oesterreichische Nationalbank (Austrian Central Bank), issue 8, pages


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Supervision of financial conglomerates by Constantinos Stephanou Download PDF EPUB FB2

The Joint Forum's final report on Principles for the Supervision of Financial Conglomerates provides a set of principles which supersedes the compendium of principles on this topic developed in and published in by the Joint Forum ('the Principles').

These updated principles are a broader and more consolidated set of internationally agreed ://   "The supervision of banking groups/financial conglomerates" published on 28 Jul by Edward Elgar ://   supervision of financial conglomerates. The Internal Review suggested that the Principles dealing with capital adequacy, risk concentrations, and intra-group exposures needed updating to reflect industry developments and Supervision of financial conglomerates book provide greater focus on special purpose entities: ://   Guideline for Financial Conglomerates Supervision I Basic Concepts concerning Financial Conglomerates Supervision.

I-1 Definition of Financial Conglomerate; I-2 Purpose and Methods of Supervision; II Evaluation Points for Financial Conglomerates Supervision (Viewpoints) II-1 Governance; II-2 Financial Soundness.

II Capital Adequacy   Supervision of financial conglomerates* Abstract This paper studies how the institutional structure of supervision affects the incentives of financial supervisors to monitor both stand-alone financial institutions and financial conglomerates.

It is shown that, even in case of financial conglomeration, decentralized   NYDOCS01/ 1 J Supervision of Financial Conglomerates in the European Union Michael Gruson* I. The Purpose of Supplementary Supervision On Novemthe European Parliament adopted Directive /87/EC1 introducing supplementary supervision of financial conglomerates [herein the Supplementary Supervision Directive].

Supervision of Financial Conglomerates Supervision of Financial Conglomerates. 24 September View the Standard. These updated principles are a broader and more consolidated set of internationally agreed principles.

They include guidance for policymakers on the powers and authority necessary for supervisors of financial ://   2. Supervision of Homogenous Financial Groups 55 3. Supervision of Financial Conglomerates 56 4.

Mixed-Activities Groups 56 II. Boundaries to Financial Conglomeration 57 1. Generalities 57 2. Limits Imposed in the Banking Sector 58 a. Secondary Business Activities 58 b. Equity Holdings 59 c. Technical Skills and Appropriate Organisation 60   1. This report reviews the financial conglomerates (FCs) supervisory framework in Belgium and identifies policy recommendations to address risks and associated vulnerabilities.

The note uses the Joint Forum (JF) Principles for the Supervision of Financial Conglomerates2 released in September as a guidance to review significant components of a   IOSCO//Standards and Principles/Principles for the Supervision of Financial Conglomerates 发布者:系统管理员 发布时间: 浏览次数:   approaches to the overall supervision of financial conglomerates.

Identification of Issues 5. Subsequently, building on previous work in other forums, the Tripartite Group identified a number of problems which financial conglomerates pose for supervisors, and discussed ways in which these problems might be overcome.

Among the issues discussed   The Joint Forum on Financial Conglomerates (Joint Forum) was established in early under the aegis of the Basle Committee on Banking Supervision (Basle Committee), the International Organisation of Securities Commissions (IOSCO) and the International The Joint Committee on Financial Conglomerates (JCFC) is a European Level-3 committee that works for European convergence in the supervision of financial conglomerates.

In practice, the JCFC operates as an add-on to the CEBS (European banking supervisors) and The EBA cooperates regularly and closely with the other two European Supervisory Authorities (ESAs), EIOPA and ESMA, through the ESAs' Joint Committee.

The aim of this cooperation is to ensure cross-sectoral consistency of work and to reach joint positions in the area of supervision of financial conglomerates, under the Financial Conglomerates Directive (FICOD, /87/EC). The financial conglomerates directive gives national financial authorities in the EU additional responsibilities and tools to supervise financial conglomerates.

While specific banking and insurance regulations are already applicable to the banking activities of financial conglomerates, this directive requires supervisors to apply supplementary supervision to financial groups in order to reduce /supplementary-supervision-financial-conglomerates_en.

The supervision of financial conglomerates started with the adoption of Directive /87/EC. New developments on financial markets resulted in the establishment of financial groups, which offered their services and products in different financial sectors.

A financial conglomerate is a (sub-)group whose companies are active both in the banking Supervision of Financial Conglomerates in Korea As emphasized above, financial groups presen t the risk of contag ion - the spread o f financial problems am ong different entities within th e ://   to group supervision and apply only the relevant provisions of Financial Conglomerates part to the mixed financial holding company.

A firm can also apply under Section A of the Financial Services and Markets Act to change a decision made under Financial Conglomerates (2) to The EIOPA Recommendations on the Supplementary Requirements of the Financial Conglomerates Directive for Supervisory Colleges of Financial Conglomerates contain recommendations for the colleges of supervisors of financial conglomerates about the supplementary requirements of the Financial Conglomerates ://The regulation and supervision of domestic financial conglomerates / David H.

Scott Financial Sector Development Dept., World Bank Washington, D.C Wikipedia Citation Please see Wikipedia's template documentation for further citation fields that may be ://. The Guidelines on the convergence of practices aimed at ensuring consistency of supervisory coordination arrangements for financial conglomerates will enhance the level playing field in the financial market and reduce administrative burdens for firms and supervisory authorities.

Their objective is to clarify and enhance cooperation between national competent authorities onBook April 'Evolving Trends in the Supervision of Financial Conglomerates: A Comparative Investigation of Responses to the Challenges of Cross-Sectoral Supervision in the United States   The adoption of harmonised rules on prudential supervision of financial conglomerates was one of the priority measures in the Financial Services Action Plan: it was considered essential to complete the implementation of a Single Market in Financial Services and address the loopholes existing in the sector legislation when it comes to