2 edition of Regional financial conglomerates found in the catalog.
Regional financial conglomerates
by International Monetary Fund, Monetary and Financial Systems Dept. in Washington, D.C
Written in English
The paper"s central theme is that where a financial crisis emerges, regional supervisors should have systems in place to effectively respond to their country-specific crises and-in the case of foreign operations and financial conglomerates-to collaborate comprehensively with other supervisory agencies and respective ministries to avert a regional crisis or address the immediate crisis at hand. For financial institutions to expand across borders without undermining regional and global financial stability, supervisory agencies must develop the capacity to collaboratively and collectively handle crises.
|Statement||prepared by Julia Majaha-Jartby and Thordur Olafsson.|
|Series||IMF working paper -- WP/05/124|
|Contributions||Olafsson, Thordur., International Monetary Fund. Monetary and Financial Systems Dept.|
|The Physical Object|
|Pagination||42 p. :|
|Number of Pages||42|
A Cross-Regional Study on the Impact of the Financial Crisis on the Diversification Discount Article in Journal of Corporate Finance 22(1) August with Reads How we measure. The Global Financial Crisis has severely weakened the legitimacy of the US-led global financial system. This has not only led to efforts to remake the global system through the G20 and related process but has also aroused interest in regional alternatives to the global architecture. Considerable attention has understandably been focused on Europe, but the global crisis also has profound.
Get this from a library! Central America: Structural Foundations for Regional Financial Integration.. [Clausen, Jens R.R.] -- Intraregional financial activity in Central America has grown substantially in the past decade, contributing to efficiency and economic development. At . International Trends in Financial Reporting under IFRS: this book is a quick source of reference to find answers to issues of interest to financial statement preparers. It provides hundreds of illustrations taken from financial statements prepared under IFRS by global conglomerates thereby helping preparers and users of financial statements.
The Zacks Industry Rank assigns a rating to each of the X (Expanded) Industries based on their average Zacks Rank. An industry with a larger percentage of Zacks Rank #1's and #2's will have a. The current financial crisis has confirmed all of the foregoing predictions. During the past decade, regulators in developed nations encouraged the expansion of large financial conglomerates and failed to restrain their pursuit of short-term profits through increased leverage and high-risk activities.
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Get this from a library. Regional financial conglomerates: a case for improved supervision. [Julia Majaha-Jartby; Thordur Olafsson; International Monetary Fund. Monetary and Financial Systems Department,] -- The paper's central theme is that where a financial crisis emerges, regional supervisors should have systems in place to effectively respond to their country-specific crises and-in the.
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 paper's central theme is that where a financial crisis emerges, regional supervisors should have systems in place to effectively respond to their country-specific crises and-in the case of foreign operations and financial conglomerates-to collaborate comprehensively with other supervisory agencies and respective ministries to avert a regional crisis or address the immediate crisis at by: 4.
Financial Conglomerates Overview. The ESAs are individually accountable to the European Parliament and the Council. In order to meet its accountability with regard to cross-sectoral issues, the Joint Committee produces its annual report as an integral part of the ESAs annual reports.
The Joint Committee of the European Supervisory Authorities (ESAs) – EBA, EIOPA Regional financial conglomerates book ESMA –published today the list of Identified Financial Conglomerates.
The list shows 79 financial conglomerates with the head of group located in the European Union or European Economic Area, one financial conglomerate with head of group in.
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 principles. Financial Conglomerates by Kazuhiko Koguchi (Author), Giancarlo Forestieri (Author) ISBN ISBN Why is ISBN important.
ISBN. This bar-code number lets you verify that you're getting exactly the right version or edition of a book. At the initiative of the Basle Committee on Banking Supervision (the Basle Committee), a Tripartite Group of bank, securities, and insurance regulators, acting in a personal capacity but drawing on their experience of supervising different types of financial institution, was formed in early to address a range of issues relating to the supervision of financial conglomerates.
of regional financial arrangements in Latin America and the Caribbean.7 The lack of adequate attention to regional financial arrangements was sur- prising in at least three ways.
The supervision of financial conglomerates (FICO) on a group and solo basis is built on a set of principles that enhance the level of playing field in the financial market and reduce administrative burdens for firms. These, make the financial conglomerates different, in following segments: 1.
Corporate GovernanceOccupation: Risk And Regulatory Advisory Partner. Download Citation | Regional Financial Conglomerates: A Case for Improved Supervision | The paper's central theme is that where a financial crisis emerges, regional supervisors should have systems.
Regional Banks Industry's current Price to book ratio has decreased due to shareprice contraction of %, from beginning of the first quarter and due to the sequtial average book value over the trailig twelve month period contraction of %, to PB offrom average the Price to book ratio in the forth quarter of Summary statistics on conglomerates and standalones per geographical region.
The table exhibits descriptive statistics per geographical region. Market to book (MTB) value serves as proxy for growth opportunities and is defined as total assets plus market value of equity minus book value of equity, divided by total by: the international financial community have sought to explore the ways in which some of their concerns relating to the supervision of financial conglomerates could be addressed.
Those groups have approached the subject from the perspective of a particular sector - the supervision of banks, or of securities firms, or of insurance companies. The Briault figures are for the UK, but rapid growth of financial conglomerates is taking place in the world’s key financial sectors.
Financial reform (e.g., ‘‘big bangs’’) in many countries eliminating (to some degree, depending on the country) segmented financial sectors has encouraged banks to become part of financial conglomerates. Financial conglomerates are important features of the financial landscape in emerging markets as well, as Stijn Claessens of the University of Amsterdam reported in his paper.
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].
Small regional banks like Citizens Financial have been hit hard by the outbreak inand CFG, which began the year boasting a dividend around %, Author: John Divine. A conglomerate is a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries.
Often, a conglomerate is a multi-industry company. Conglomerates are typically large and multinational. Intraregional financial activity in Central America has grown substantially in the past decade, contributing to efficiency and economic development.
At the same time, the expansion of activities by regional conglomerates has increased the challenges to supervisory authorities of containing the risks of contagion. Prepared as part of the Central America Financial Sector Regional Project by. Financial Conglomerates, Shadow Banking Targeted in Regulatory Blueprint By Wu Hongyuran and Fran Wang The risk-tackling blueprint has been in the works for two years, but has only been issued recently following a restructuring of China's financial watchdogs.
Chapter 2. Background. The emergence and growth of conglomerates has been largely driven by the potential of such entitles to benefit from the economies of scale and scope and to capture synergies across complementary financial services/business lines.
These economies result in improved operational efficiency and effectiveness due to lower costs, reduced prices, and improved .Conglomerates - A financial services company, such as a universal bank, that is active in more than one sector of the financial services market e.g.
life insurance, general insurance, health insurance, asset management, retail banking, wholesale banking, investment banking, etc. A key rationale for the existence of such businesses is the.