Download Financial supervision in the 21st century by A. Joanne Kellermann, Jakob de Haan, Femke de Vries PDF

By A. Joanne Kellermann, Jakob de Haan, Femke de Vries

The monetary obstacle triggered monetary supervisors to take a serious examine their very own functionality. The "toolkit" on hand to supervisors is significantly extra assorted than it used to be many years in the past. Supervision has turn into extra forward-looking, making an allowance for additionally delicate controls, resembling ‘conduct and culture’, company governance, and enterprise versions of monetary associations. This number of essays discusses a number of major alterations in supervision tools and supervisory enterprises and examines what tools give a contribution to ‘good supervision’ and what can quite be anticipated of supervisors. The authors are specialists within the box and so much of them are affiliated to businesses chargeable for monetary supervision.

Show description

Read or Download Financial supervision in the 21st century PDF

Similar macroeconomics books

Macroeconomics: A European Perspective

Macroeconomics: a eu standpoint will supply scholars a fuller figuring out of the topic and has been absolutely up to date to supply huge assurance of the monetary concern. particularly, this re-creation offers: NEW chapters and up-to-date textual content throughout all chapters NEW information on Europe and the monetary trouble And what has constantly been the power of the ebook: A unified view of macroeconomics, permitting scholars to make the connections among the fast, medium, and future.

The New Fiscal Sociology: Taxation in Comparative and Historical Perspective

The recent economic Sociology: Taxation in Comparative and old point of view demonstrates that the examine of taxation can light up primary dynamics of recent societies. The 16 essays during this assortment supply a cutting-edge survey of the recent monetary sociology that's rising on the intersection of sociology, heritage, political technology, and legislation.

The Keynesian Multiplier (Routledge Frontiers of Political Economy)

The multiplier is a relevant suggestion in Keynesian and post-Keynesian economics.  it really is mostly what justifies activist full-employment monetary coverage: a rise in economic expenses contributing to a number of rounds of spending, thereby financing itself.  but, whereas a copingstone of post-Keynesian idea, it's not universally approved through all post-Keynesians, for purposes greatly diversified than the mainstream.

Models of Business Cycles

Long ago decade macroeconomic conception has gone through a outstanding transformation. on the vanguard has been the "rational expectancies revolution," and this school's so much great exponent is Robert E. Lucas. during this stylish and comparatively non-technical survey, Lucas studies the character and outcomes of modern advancements in financial and enterprise cycle concept.

Extra info for Financial supervision in the 21st century

Example text

A primary source of potential problems is the financial institutions’ business model and strategy. In order to make supervision more effective, supervisors must better understand what these business models and strategies involve, consider whether they will be sustainable in the longer term, and feel compelled to intervene in these areas when needed. This does not imply that supervisors must decide how a financial institution is going to make its money, but rather that the management of financial institutions should give convincing answers when the sustainability of their business model appears questionable.

In response, many supervisors around the globe are currently evaluating or redesigning their supervisory approach based on lessons from the crisis. This chapter contributes to that effort by examining ways in which financial supervisors improve, safeguard and measure the quality of their supervision. For that, the remainder of this chapter is structured as follows. 2 concentrates on improving the quality of financial supervision. In this section we distinguish seven global trends that aim to further improve the quality of financial supervision by making it more forward-looking, more supra-institutional and more comprehensive in its approach.

The timing of this is always difficult. Risks may build up in the financial sector when the economy is on the rise, (over)confidence is gaining the upper hand, and attention for risk mitigation is subdued in favor of potential lucrative opportunities. In such circumstances, the public is less receptive to supervisory warnings, especially when these come with new restrictive powers for the supervisor. Besides public awareness, there is the issue of the supervisor’s accountability to the public and to political authorities.

Download PDF sample

Rated 4.89 of 5 – based on 49 votes