scholarly journals Singapore

2019 ◽  
Vol 19 (226) ◽  
pp. 1
Author(s):  
Keyword(s):  
Best Practices ◽  
Financial Institutions ◽  
Financial Stability ◽  
Foreign Banks ◽  
Holding Companies ◽  
Bank Resolution ◽  
Enhanced Resolution ◽  
Public Resources ◽  
Ministry Of Finance ◽  
Systemically Important Banks

The Monetary Authority of Singapore (MAS) is the designated resolution authority for financial institutions, including holding companies and domestic branches of foreign banks. In this role, MAS determines if the conditions for entry into resolution are met and designs and implements the resolution strategy. The Ministry of Finance (MOF) plays only a limited role in the technical decisions concerning bank resolution, intervening when the use of public resources is contemplated. In 2017, the passage of amendments to the MAS Act strengthened the resolution framework. It introduced enhanced resolution powers and strengthened the framework for recovery and resolution of domestic systemically important banks (D-SIBs). These powers are broadly consistent with international best practices as outlined in the Financial Stability Boards (FSB) Key Attributes for Effective Resolution of Financial Institutions. The powers are generally applicable to all financial institutions.

8 International and European Regulatory Developments on Bank Resolution

2015 ◽  
Author(s):  
Kleftouri Nikoletta
Keyword(s):  
European Commission ◽  
Financial Stability ◽  
International Standards ◽  
Structural Reforms ◽  
Design And Implementation ◽  
Single Resolution Mechanism ◽  
Bank Resolution ◽  
European Regulatory ◽  
Large Investment ◽  
Systemically Important Banks

This chapter sets out the international standards for effective bank resolution regimes, as well as the Bank Recovery and Resolution Directive, which establishes a European framework for the recovery and resolution of banks and large investment firms. Other relevant European regulatory developments are also examined, including the European Commission state aid rules, the Single Resolution Mechanism Regulation, and the European Commission proposal for structural reforms in relation to banking groups. It concludes that although only a few jurisdictions have resolution regimes in place that are fully, or almost fully, aligned with the Financial Stability Board standards, the work undertaken in connection with the design and implementation of recovery and resolution planning requirements by all global systemically important banks represents a major regulatory success.

6 International Standards on Deposit Insurance

2015 ◽  
Author(s):  
Kleftouri Nikoletta
Keyword(s):  
Best Practices ◽  
Financial Institutions ◽  
Financial Stability ◽  
Deposit Insurance ◽  
Financial Regulation ◽  
International Association ◽  
International Standards ◽  
Level Playing Field ◽  
Playing Field ◽  
European Forum

An overarching theme in recent discussions of financial regulation has been the desirability of an internationally level playing field. A level playing field aims at ensuring that internationally active financial institutions compete on an equal footing and that the most efficient institutions gain a larger market share. This chapter sets out the international standards and best practices that have been developed in the area of deposit insurance by the European Forum of Deposit Insurers, the International Association of Deposit Insurers, and the Financial Stability Board. It goes on to offer a general overview of the architecture of deposit insurance systems around the globe.

Part II Bank Resolution, 8 Resolution of US Banks and Other Financial Institutions

2016 ◽  
Author(s):  
Olivares-Caminal Rodrigo ◽  
Douglas John ◽  
Guynn Randall ◽  
Kornberg Alan ◽  
Paterson Sarah ◽  
...  
Keyword(s):  
United States ◽  
Financial Institutions ◽  
Financial Stability ◽  
Financial System ◽  
The United States ◽  
Public Confidence ◽  
Bank Failures ◽  
Residual Value ◽  
Bank Resolution ◽  
History Of

The chapter starts by looking at resolution as understood in the United States. ‘Resolution’ refers to the way bank failures are dealt with in the United States. Similar to the traditional bankruptcy model, the chapter explains, two of the main goals of resolution are to maximize the value and minimize the losses of an institution for the benefit of its depositors and other stakeholders and, at least in a receivership situation, to determine who receives the residual value of the institution in satisfaction of their claims. However, resolution is also aimed at promoting a third goal: to deal with a failed institution in a manner that reduces the risk of contagion, preserves or restores public confidence in the banking or wider financial system, and otherwise promotes financial stability. The chapter then describes the history of financial resolution in the United States and outlines the fundamentals of resolution authority.

Financial Sustainability and Infrastructure Finance

2018 ◽  
Author(s):  
Felipe Carvalho de Rezende
Keyword(s):  
Financial Institutions ◽  
Financial Stability ◽  
Global Financial Crisis ◽  
Financial Sustainability ◽  
Infrastructure Finance ◽  
Strategic Role ◽  
Development Banks ◽  
The Global Financial Crisis ◽  
Capital Development

Among the lessons that can be drawn from the global financial crisis is that private financial institutions have failed to promote the capital development of the affected economies, and to dampen financial fragility. This chapter analyses the macroeconomic role that development banks can play in this context, not only providing long-term funding necessary to promote economic development, but also fostering financial stability. The chapter discusses, in particular, the need for public financial institutions to provide support for infrastructure and sustainable development projects. It concludes that development banks play a strategic role by funding infrastructure projects in particular, and outlines the lessons for enhancing their role as catalysts for mitigating risks associated with such projects.

scholarly journals Values-Based and Global Systemically Important Banks: Their Stability and the Impact of Regulatory Changes After the Financial Crisis on it

2021 ◽  
Author(s):  
Theresa Schäfer ◽  
Sebastian Utz
Keyword(s):  
Financial Crisis ◽  
Financial Stability ◽  
Social Impact ◽  
Bank Stability ◽  
Regulatory Changes ◽  
The Difference ◽  
The Impact ◽  
Systemically Important Banks

AbstractWe study the financial stability of Values-Based Banks (VBBs) and Global Systemically Important Banks (GSIBs), and how regulatory changes in the aftermath of the financial crisis affected bank stability. These two types of banks allow contrasting an environmental and social impact banking approach to a conventional one. VBBs exhibit significantly higher financial stability before and during the financial crisis. However, regulatory changes in the aftermath of the financial crisis requiring higher capital buffer, have significantly affected GSIBs and rendered the difference in stability levels insignificant.

IT Governance in Romania: A Case Study

2009 ◽  
Vol 9 (1) ◽  
pp. 1850158 ◽  
Author(s):  
Mirela Gheorghe ◽  
Pavel Nastase ◽  
Dana Boldeanu ◽  
Aleca Ofelia
Keyword(s):  
Best Practices ◽  
Financial Institutions ◽  
It Governance ◽  
Status Report ◽  
Policies And Procedures ◽  
Governance Practices ◽  
Global Status ◽  
Using Data ◽  
And Control

Relatively new in Romania, IT governance is defined as procedures and policies established in order to assure that the IT system of an organization sustains its goals and strategies. This bundle of policies and procedures, following the best practices in the area, intends to guide and control the IT function in order to add value to the organization and to minimize IT risks. The purpose of the research is to identify the measure in which the IT governance practices are implemented to the level of the financial institutions in Romania. The goal of this paper is a comparative analysis for implementing IT governance using data offered by the IT Governance Institute. This institute makes every year a study (IT Governance Global Status Report – 2006) to determine a sense of priorities and to develop actions for implementing IT governance, using data which acknowledges once more the need for all organizations to have tools and services to assure an efficient IT governance. In this way, the research will analyze, in the field of Romanian financial institutions, the most serious IT problems pointed out by the respondents from the last year, the most efficient measures considered by top management for resolving problems pointed out, the best used practices in IT governance and the most used frameworks for implementing IT governance practices.

scholarly journals Private Equity and Financial Stability: Evidence from Failed Bank Resolution in the Crisis

2021 ◽  
Author(s):  
FDIC Working Paper Series ◽  
Manju Puri ◽  
Emily Johnston Ross ◽  
Song Ma
Keyword(s):  
Financial Stability ◽  
Private Equity ◽  
Bank Resolution

scholarly journals Financial Stability and Climate Change

2020 ◽  
Vol 9 (3) ◽  
pp. 27-43
Author(s):  
Nikola Fabris
Keyword(s):  
Climate Change ◽  
Financial Institutions ◽  
Financial Stability ◽  
Financial Risk ◽  
Negative Impact ◽  
Weather Conditions ◽  
Extreme Weather ◽  
Financial Risks ◽  
Balance Sheets ◽  
Sea Levels

AbstractFighting climate change is one of the biggest challenges in the 21st century. Climate change that leads to global warming has been increasingly visible in our environment. Extreme weather conditions such as hurricanes, floods, and droughts have been escalating and their acceleration can be expected in the future. They cause changes in sea levels, epidemics, large fires, etc. Increasingly, we are witnessing minor or major damage caused by these extreme weather conditions. Numerous studies have proven that climate change has negative impact on economic growth and prosperity. However, this paper starts from the premise that in addition to unequivocally identified threats, climate change also creates opportunities.The paper reaches a conclusion that climate change can adversely affect balance sheets of financial institutions. Therefore, climate change is a source of financial risk and thus a part of the mandate of central banks and supervisors in preserving financial stability. This type of risk has not been given enough attention by either supervisors or financial institutions over the past period. This paper develops a model for managing financial risks as a result of climate change.

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