scholarly journals International financial crisis and bank statization in Germany

2010 ◽  
Vol 6 (2) ◽  
pp. 541-564
Author(s):  
Roberto Chacon de Albuquerque
Keyword(s):  
Financial Crisis ◽  
Financial Institutions ◽  
Financial System ◽  
State Control ◽  
International Financial Crisis ◽  
Banking Institutions ◽  
Market Stabilization ◽  
Legal Strategies ◽  
Banking Institution ◽  
Hypo Real Estate

Facing an international financial crisis that could lead its own financial system to the brink of collapse, the German government needed to show political will in order to save financial institutions in risky situations. This article analyzes the legal strategies used to rescue the financial system, including the statization of banking institutions as an ultima ratio. Prior to the bank statization established by the Rescue Takeover Act, the Financial Market Stabilization Act foresaw an increase in the capital of financial institutions by means of state control without statization. This last act, nonetheless, has not been considered enough to avoid the collapse of a banking institution that is relevant for the whole financial system such as Hypo Real Estate (HRE).

scholarly journals Repercusiones monetarias de la crisis financiera de fines del siglo xx

UDA AKADEM ◽  
2018 ◽  
pp. 4-19
Author(s):  
Carlos Cordero-Díaz
Keyword(s):  
Financial Crisis ◽  
Central Bank ◽  
Financial Institutions ◽  
Social Impact ◽  
Financial Regulation ◽  
Financial System ◽  
Explanatory Factors ◽  
Monetary System ◽  
The Impact ◽  
Siglo Xx

La crisis que comprometió al sistema financiero ecuatoriano a fines del siglo XX es de las más fuertes que ha enfrentado nuestro país, comparable, en cuanto a sus implicaciones macroeconómicas y reformas económicas, con la que se desarrolló en los años veinte del siglo pasado; pero más devastadora en términos de los efectos sociales que tuvo. Los testimonios de personas que perdieron sus recursos económicos, primero en el feriado bancario y luego con la liquidación de varios bancos e instituciones financieras, demuestran la magnitud de la crisis.La culminación de la crisis financiera coincide con el cambio del régimen monetario en nuestro país, cambio que también provocó pérdidas a ciudadanos y empresas, ya que el elevado tipo de cambio utilizado, provocó una significativa reducción en el valor de los ahorros. La participación del Estado ecuatoriano en el surgimiento, desarrollo y culminación de la crisis financiera fue sin duda determinante. La nueva normativa para la regulación bancaria y financiera dictada a inicios de los años noventa fue uno de los factores explicativos del origen; la entrega de recursos a las instituciones financieras, a través del Banco Central y a los depositantes a través de la AGD, permitieron que la crisis el sistema financiero se trasladara al ámbito monetario.El Ecuador inauguró el nuevo siglo con un nuevo régimen monetario y sintiendo también las repercusiones de la las crisis financiera.Palabras claves: crisis financiera, dolarización, banco central, macroeoconomíaAbstractThe crisis which compromised the Ecuadorian financial system in the late twentieth century is the strongest our country has faced, comparable in terms of its macroeconomic implications and economic reforms, with the one developed in the twenties of the last century; however, more devastating in terms of its social impact. The testimonies of people who lost their economic resources first during the bank holiday; and then, with the liquidation of several banks and financial institutions, demonstrate the magnitude of the crisis. The culmination of the financial crisis coincides with the change of the monetary regime in our country; change that also caused losses to citizens and businesses, since the high exchange rate caused a significant reduction in savings value.The participation of the Ecuadorian State in the emergence, development and culmination of the financial crisis was certainly crucial. The new rules for the banking and financial regulation enacted in the early nineties was one of the explanatory factors of the origin. The provision of resources to financial institutions by the Central Bank, and to depositors through the AGD (Deposit Guarantee Agency), enabled the crisis of the financial system to move to the monetary field.Ecuador inaugurated the new century with a new monetary system; but at the same time feeling the impact of the financial crisis. Keywords: Financial Crisis, Dollarization, Central Bank, Macro Economy.

CSR on Financial Markets

2021 ◽  
pp. 74-100
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Financial Crisis ◽  
Financial Institutions ◽  
International Institutions ◽  
Financial Innovation ◽  
Innovation Process ◽  
Substantial Contribution ◽  
Financial Instruments ◽  
International Financial Crisis

Financial institutions can make a substantial contribution to promoting the principles of sustainable development among their main stakeholders, namely portfolio investors and financial consumers. The challenges posed by climate change have led to the intensification of the financial innovation process and the emergence of new financial instruments such as green bonds and sustainability indices. Their success was due both to the involvement of international institutions that have developed various voluntary principles for companies and to portfolio investors who understood their role in the new context and bought new types of securities. Therefore, the efforts of both sides are bearing fruit in an environment in which confidence must be regained after the earthquake generated by the international financial crisis and the image crisis that financial institutions are facing.

scholarly journals La caída de las cajas de ahorros españolas. Cuestión de rentabilidad, tamaño y estructura de propiedad

2020 ◽  
Vol 30 (2) ◽  
pp. 759
Author(s):  
Salvador Climent Serrano
Keyword(s):  
Financial Crisis ◽  
Financial Institutions ◽  
Ownership Structure ◽  
Financial System ◽  
Subsequent Change ◽  
Savings Banks ◽  
Financial Restructuring ◽  
Current Financial Crisis

In Spain between 2010 and 2011 there has been a major financial restructuring, which has led to the virtual disappearance of savings banks through mergers and subsequent change in ownership structure becoming banks. This major restructuring has been promoted by the Bank of Spain, as an outlet for that financial institutions subsisted to the crisis that affected them.This paper analyzes the banks and savings banks the Spanish financial system during the four years prior to the beginning given the financial restructuring of 2010. The aim is to check whether there are differences in profitability for reasons of size and form of ownership of the entity (savings banks, banks). The results show that the increase in size and bankarization under the auspices by the Bank of Spain is an appropriate strategy for resolving the current financial crisis.

scholarly journals IMPLEMENTATION OF ECONOMIC DEMOCRACY PRINCIPLE IN ISLAMIC BANKING POLICIES THROUGH FINANCIAL SERVICES AUTHORITY (FSA) IN INDONESIA

At-Taradhi ◽  
2018 ◽  
Vol 8 (2) ◽  
pp. 78 ◽  
Author(s):  
Yusup Hidayat ◽  
Fokky Fuad ◽  
Maslihati Nurhidayati
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Primary Source ◽  
Local Economy ◽  
Islamic Banking ◽  
Economic Democracy ◽  
Regulation And Supervision ◽  
Wide Range ◽  
Banking Institutions ◽  
Banking Institution

Abstract: The enactment of Law No. 21 Year 2011 on the Financial Services Authority (FSA) made the regulation and supervision of financial institutions both banks and nonbank be integrated, including the regulation and supervision of sharia financial institutions in which there is sharia Islamic Banking. One of the principles of Islamic banking, as stated in Law No. 21 of 2008 concerning Islamic Banking is the Principle of Economic Democracy. In the implementation of the principle of economic democracy that the FSA has a significant role in pushing the Islamic banking institution to utilize its resources to promote the local economy, especially groups of people whose economic access is still minimal. In 2014, the FSA issued Regulation No. 19 in relation to inclusive finance. In these regulations, the FSA encourages banking institutions to provide banking services to people who have been marginalized through the branchless bank program. This POJK  applies to both conventional banking and Islamic banking. Some conventional banks have been undertaking this program with a wide range of dynamics. Some Islamic banks have been also undertaking it, while others are still at the preparation stage. This paper will analyze the regulations issued by the FSA in order to encourage Islamic banking institutions in actualizing the principle of economic democracy, especially in relation to inclusive finance program. The research method used in this article is normative juridical with the support of primary source through the FSA.Abstrak: Berlakunya Undang-Undang Nomor 21 Tahun 2011 tentang Otoritas Jasa Keuangan (OJK) menjadikan pengaturan dan pengawasan Lembaga Keuangan baik Bank maupun Nonbank menjadi terintegrasi, termasuk pengaturan dan pengawasan Lembaga keuangan syariah yang di dalamnya terdapat Perbankan Syariah.  Salah satu asas Perbankan syariah sebagaimana tertuang dalam Undang-Undang No. 21 tahun 2008 tentang Perbankan Syariah adalah Asas Demokrasi Ekonomi. Dalam implementasi asas demokrasi ekonomi tersebut OJK memiliki peran signifikan dalam mendorong lembaga perbankan syariah untuk mendayagunakan sumber daya yang dimiliki untuk memajukan ekonomi masyarakat terutama kelompok masyarakat yang secara akses ekonomi masih minim.  Pada tahun 2014 OJK mengeluarkan Peraturan OJK No 19 terkait dengan keuangan Inkusif. Dalam peraturan tersebut OJK mendorong lembaga perbankan untuk memberikan layanan jasa perbankan kepada masyarakat yang selama ini termarginalkan melalui program Laku Pandai. POJK ini berlaku baik untuk perbankan konvensional maupun perbankan syariah. Beberapa bank konvensional sudah meakukan program ini dengan berbagai macam dinamikanya. Sementara itu bank syariah juga sebagian ada yang sudah menjalankan sementara yang lain masih pada tahap persiapan. Tulisan ini akan menganalisis peraturan-peraturan yang dikeluarkan OJK dalam mendorong lembaga perbankan syariah dalam mewujudkan asas demokrasi ekonomi terutama terkait dengan program keuangan inklusif. Metode penelitian pada penelitian adalah yuridis normatif dengan dukungan data-data primer melalui pihak OJK.Keywords: Banking service, economic, financial, democracy.

scholarly journals The scenario of microfinance in Latin America against the international financial crisis

2010 ◽  
Vol 56 (No. 12) ◽  
pp. 583-590 ◽  
Author(s):  
G.R.E. DALAN ◽  
K. SRNEC
Keyword(s):  
Latin America ◽  
Financial Crisis ◽  
Financial Institutions ◽  
Current Status ◽  
Microfinance Institutions ◽  
International Financial Crisis ◽  
Strong Position ◽  
And Performance ◽  
Favorable Conditions ◽  
Macroeconomic Growth

Latin America has very good conditions for microfinance; the macroeconomic growth which Latin America had shown in the recent years created favourable conditions for the microfinance institutions' favorable conditions and its development. Profitability of the microfinance sector presents an attractive market for the financial institutions which already have a have strong position in the market. The purpose of this work is to focus on the current situation and performance of the microfinance sector while identifying some of the reasons that affect the microfinance institutions in this region. The work also provides a view on the microfinance industry development to get a better description of the sector. The microfinance institutions are earning an undeniable importance in the process of the regional development and represent an important factor in the alleviation of poverty and insecurity for large segments of the population. The work is based on information from relevant sources that allow us to identify the current status of microfinance in Latin America, especially in these times when the crisis affects also the region's economic dynamism.

scholarly journals Shadow banking: Regulatory Reform and Its Effectiveness

2019 ◽  
Vol 23 (4) ◽  
pp. 69-79
Author(s):  
V. M. Usoskin
Keyword(s):  
Financial Crisis ◽  
Financial Institutions ◽  
Banking Sector ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
Financial System ◽  
Regulatory Reform ◽  
Shadow Banking ◽  
Systemic Risks ◽  
Global Financial System

Over the past three decades, a large group of non-bank financial institutions has been formed in the world economy. These institutions fall outside the realm of traditional banking and take an active part in the lending processes of economic turnover entities. The activities of these institutions, called the shadow banking system (SBS), led to an increase in systemic risks and had a negative impact on the state of the global financial system. This was distinctly displayed during the global financial crisis of 2007–2009. The subject of this article is a series of measures taken by the international and national financial control bodies after the financial crisis to eliminate most risky aspects of shadow banking and to strengthen the system of financial oversight and monitoring. The final aim of the analysis is to evaluate effectiveness of the measures on strengthening control and limiting risks applied by the control bodies of the G-20 countries in the course of the reform to enterprises of the traditional and shadow sectors of the financial system. The results of the analysis show that the reform strengthened positions of traditional banks and improved their ability to resist financial shocks. As to the shadow banking sector, contrary to the statements of the initiators of the reform the regulative measures did not eliminate the systemic risks peculiar to nonbank financial institutions and did not stop their growing activities. This situation threatens the stability of the global financial system and a possibility of a new financial slump retains.

Sign in / Sign up

Export Citation Format

Share Document