2012

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Principles for the Supervision of Financial Conglomerates

Joint Forum standard for supervising financial conglomerates

Basel Committee on Banking Supervision, International Organization of Securities Commissions and International Association of Insurance Supervisors revised standard is organized in five sections: i) supervisory powers and authority; ii) supervisory responsibility; iii) corporate governance; iv) capital adequacy and liquidity; and v) risk management.

Publisher: Global Standard-Setting Bodies Release date: Sep 2012

Type: Standard

Topics: Financial conglomerates, Supervisory framework, Corporate governance, Capital adequacy, Risk management, Liquidity risk and rules

Sectors: Banking

Macrofinancial Stress Testing - Principles and Practices

IMF paper on seven best practices for stress testing

International Monetary Fund paper proposes seven "best practices" principles for stress testing: i) define the institutional perimeter for the tests; ii) identify all relevant channels of risk propagation; iii) include all material risks and buffers; iv) make use of the investors' viewpoint in design of stress tests; v) focus on all risks; vi) when communicating stress test results, speak smarter, not just louder; and vii) beware of the "black swan". While principles focus mainly on stress tests conducted for macrofinancial surveillance purposes, they also apply to stress tests undertaken for other purposes, such as microprudential oversight and institution-specific assessment.

Publisher: International Organizations Release date: Aug 2012

Type: Consultative, discussion and issues paper

Topics: Stress-testing, Crisis management and contingency planning, Macroprudential

Sectors: Banking

HKMA Supervisory Policy - Corporate Governance of Locally Incorporated Authorized Institutions

HKMA standards for corporate governance for banks

Hong Kong Monetary Authority sound practice sets out its supervisory expectations in respect of corporate governance policies and practices. Covers roles and responsibilities of board of directors and senior management, and sets out range of sound governance principles and practices.

Publisher: National Regulators Release date: Aug 2012 Country: Hong Kong, China

Type: Sound Practice

Topics: Corporate governance, Risk management, Transparency and disclosure

Sectors: Banking

Gender Diversity and Corporate Performance

Credit Suisse study examines whether gender diversity within corporate management improves performance

Credit Suisse report shows results of testing the performance of 2,360 companies globally over the last six years. Analysis demonstrates that it would on average have been better to have invested in corporates with women on their management boards than in those without. Report looks at four questions: i) what evidence is there to support the theory that stock market performance is enhanced by having a greater number of women on the board; ii) is there any difference in the financial characteristics of companies with a greater number of women on the board; iii) why might it make a difference (better or worse) to have some gender diversity in company management; and iv) what factors might limit companies from increasing female representation?

Publisher: Others Release date: Aug 2012

Type: Consultative, discussion and issues paper

Topics: Corporate governance, Gender equality

Sectors: Banking, Insurance, Pensions, Securities

High-Level Principles on National Strategies for Financial Education

OECD/INFE guidance on financial education and awareness strategies

Organisation for Economic Co-operation and Development International Network on Financial Education principles sets out framework for a national strategy for financial education which: i) recognizes the importance of financial education; ii) involves cooperation of different stakeholders as well as the identification of a national leader or co-ordinating body; iii) establishes a roadmap to achieve specific and predetermined objectives within a set period of time; and iv) provides guidance that can be applied by individual programs in order to efficiently and appropriately contribute to the national strategy.

Publisher: International Organizations Release date: Aug 2012

Type: Consultative, discussion and issues paper

Peer: Principles and Good Practices for Financial Education and Awareness , Good Practices for Enhanced Risk Awareness and Education on Insurance Issues , Good Practices for Financial Education Relating to Private Pensions , High-Level Principles for the Evaluation of Financial Education Programs

Topics: Consumer education and protection, Financial inclusion

Sectors: Banking, Insurance, Pensions, Securities

Structure of Pension Supervisory Authorities and their Approaches to Risk-Based Supervision

IOPS paper examines effect of global financial crisis on risk-based supervision

International Organisation of Pension Supervisors working paper looks at effect of global financial crisis on pension supervision. Examines potential impact on structure of pension supervisory authorities. The crisis increased implementation of risk-based supervision or prompted review of risk-based approaches to strengthen risk identification methodologies.

Publisher: Global Standard-Setting Bodies Release date: Jul 2012

Type: Consultative, discussion and issues paper

Topics: Risk-based supervision, Supervisory framework, Supervisory structures

Sectors: Pensions

Supervising Nonbank E-Money Issuers

CGAP brief on research into current supervisory practices in 10 countries that permit NEMIs

Consultative Group to Assist the Poor brief discusses supervision of e-money issuing activities of nonbank e-money issuers (NEMIs). Highlights primary risks presented by NEMIs. Relatively limited supervision undertaken in researched countries reflects two current realities: i) NEMIs are engaged in limited activities; and ii) NEMIs do not present a systemic risk given the limited funds involved.

Publisher: International Organizations Release date: Jul 2012

Type: Consultative, discussion and issues paper

Topics: Financial inclusion, Consumer education and protection, Licensing

Sectors: Microfinance

Financial Stability: Measurement and Policy

ECB speech about macroprudential research and current stage of financial stability analysis at the ECB

European Central Bank speech. Provides overview of recent macroprudential research. Discusses some main analytical tools for financial stability analysis at the ECB. Refers to set of macro-prudential policy instruments embedded in the EU Capital Requirements Directive (CRD) IV, and how these instruments should be made compatible with the requirements for both safeguarding financial stability and further developing the Single Market for financial services.

Publisher: Regional Standard-Setting Bodies Release date: Jun 2012

Type: Consultative, discussion and issues paper

Parent: Capital Requirements Directive - CRD IV

Topics: Macroprudential, Systemic risk, Stress-testing

Sectors: Banking

Policies for Macrofinancial Stability: How to Deal with Credit Booms

IMF staff discussion note exploring costs and benefits of different policy options to reduce risks

International Monetary Fund discussion paper exploring past credit booms with the objective of assessing the effectiveness of macroeconomic and macroprudential policies in reducing the risk of a crisis or, at least, limiting its consequences.

Publisher: International Organizations Release date: Jun 2012

Type: Consultative, discussion and issues paper

Topics: Macroprudential, Credit risk

Sectors: Banking

Externalities and Macroprudential Policy

IMF staff discussion note setting out key sources of market failures that can justify macroprudential regulation

International Monetary Fund staff discussion note examining macroprudential policy options that have been proposed to address systemic risks experienced during the recent financial crisis. Provides taxonomy of macroprudential policies in terms of specific negative externalities in the financial system that these policies are meant to address. Discusses how the main proposed macroprudential policy tools—capital requirements, liquidity requirements, restrictions on activities and taxes—address the identified externalities.

Publisher: International Organizations Release date: Jun 2012

Type: Consultative, discussion and issues paper

Topics: Macroprudential, Risk management, Systemic risk

Sectors: Banking, Insurance

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Resources

382 records

Principles for the Supervision of Financial Conglomerates

Macrofinancial Stress Testing - Principles and Practices

HKMA Supervisory Policy - Corporate Governance of Locally Incorporated Authorized Institutions

Gender Diversity and Corporate Performance

High-Level Principles on National Strategies for Financial Education

Structure of Pension Supervisory Authorities and their Approaches to Risk-Based Supervision

Supervising Nonbank E-Money Issuers

Financial Stability: Measurement and Policy

Policies for Macrofinancial Stability: How to Deal with Credit Booms

Externalities and Macroprudential Policy

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