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Banking is an ever green field of study. In these slides of Banking, the Lecturer has discussed following important points : Financial Regulation Leading, Global Financial Assets, Global Committee Structure, Structure, Executive Committee, Regional Committees, Interamerican, Working Groups, Disclosure and Accounting, Secondary Markets
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Total cross-border capital inflows $ Billion, using 2008 exchange rates
Global Committee Structure- A Regulator’s View
(Gov’ts)
Financial Stability
Board
OECD(Gov’ts)FATF
(Money Laundering)
(Accounting
Bank for International
Settlements (Central Banks)
(Central Banks)
Basel Committee
(Banking)
(Securities)
Joint Forum
(Insurance
)
Monitoring
Group
IAASB(Audit)
World Bank
(Gov’ts)
IFIAR(Audit)
Source: Adapted with permission from Sloan andFitzpatrick in Chapter 13, The Structure ofInternational Market Regulation, in FinancialMarkets and Exchanges Law, Oxford UniversityPress, March 2007.
IOSCO Structure
Source: Adapted with permission from Sloanand Fitzpatrick in Chapter 13, The Structure ofInternational Market Regulation, in FinancialMarkets and Exchanges Law, Oxford UniversityPress, March 2007.
“Reshaping the global financial and regulatory system”•
Financial Stability Board with standing committees
Membership of FSB, Basel etc extended to BRICs andothers
Expanded coverage of regulation to include systemichedge funds
Tighter controls on offshore centres
Tighter regulation of credit rating agencies
More and better quality capital in the banking system
Macro-prudential mechanism to respond to asset pricebubbles
Regulatory controls on bank remuneration
G20 Summits
National Regulatory Structures
Tripartite
Dual
'Twin Peaks'
Unified regulator
57
35
2
49
3
54
28
7
10 39
Other bankregulators
Centralbanks asbankingregulator
Centralbank as onepillar No CentralBankinterest
CentralBank Non-CentralBank
Central Banks in Regulation
54
29
50 10
Central Bank asBankingSupervisor only
Central Bank withBanking and otherresponsibilities
Central Bank asunified regulator
Central Bank withno directsupervisionresponsibilities
Source: How Countries Supervise their Banks, Insurers and Securities Markets 2007:Central Bank Publications.
Domestic changes proposed1.US:
the Fed as systemic risk overseer,
mergers of banking regulators, a newconsumer protection agency
2.UK:
some of the FSA to be folded back into the
Bank of England, a new consumer protectionregulator, and perhaps a new market regulator
3.Germany:
banking supervision to be moved
from Bafin to the Bundesbank
T