Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
1Activity
P. 1
What Regulatory Policies Work for Emerging Markets?

What Regulatory Policies Work for Emerging Markets?

Ratings: (0)|Views: 24 |Likes:
This paper discusses the banking regulatory and supervisory practices in People's Republic of China (PRC) with reference to the international standard for banking supervision, namely, the Basel Core Principles for Effective Banking Supervision (BCPs). While the PRC has incorporated many sound practices advocated by the BCPs, there are quite a few areas where significant differences can be observed with respect to qualification review of senior management, broader regulation at the product level, prescriptive rules, and guidance for risk management. Broadly speaking, the PRC adopts a rules-based approach to regulation; in many cases, regulations are prescriptive or even intrusive. In building a robust supervisory system, the PRC finds specific guidance more helpful than sole reliance on principles-based approaches.

The paper argues that general principles and a principle-based approach to regulation do not seem to work well for emerging markets. Indeed, the current financial crisis has revealed some shortcomings in the existing international standards on banking supervision. Perhaps this standard can be improved by greater specificity and by incorporating more aspects of the experiences in emerging markets.

Download this working paper: http://www.adbi.org/working-paper/2011/02/09/4380.regulatory.policies.work.emerging.markets/
This paper discusses the banking regulatory and supervisory practices in People's Republic of China (PRC) with reference to the international standard for banking supervision, namely, the Basel Core Principles for Effective Banking Supervision (BCPs). While the PRC has incorporated many sound practices advocated by the BCPs, there are quite a few areas where significant differences can be observed with respect to qualification review of senior management, broader regulation at the product level, prescriptive rules, and guidance for risk management. Broadly speaking, the PRC adopts a rules-based approach to regulation; in many cases, regulations are prescriptive or even intrusive. In building a robust supervisory system, the PRC finds specific guidance more helpful than sole reliance on principles-based approaches.

The paper argues that general principles and a principle-based approach to regulation do not seem to work well for emerging markets. Indeed, the current financial crisis has revealed some shortcomings in the existing international standards on banking supervision. Perhaps this standard can be improved by greater specificity and by incorporating more aspects of the experiences in emerging markets.

Download this working paper: http://www.adbi.org/working-paper/2011/02/09/4380.regulatory.policies.work.emerging.markets/

More info:

Published by: Asian Development Bank Institute on Feb 10, 2011
Copyright:Traditional Copyright: All rights reserved

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF or read online from Scribd
See more
See less

02/10/2011

pdf

 
 
CMFB Qnvkboa \c|hv Thvbht
Q`c} Vhaxjc}nvr \njbdbht Qnvk gnvHehvaboa Ecvkh}t>
Jxn \boa
On/ 678Ghfvxcvr 6<33
 
Ctbco Mhwhjn|eho} Fcok Bot}b}x}h
 
 ]`h Qnvkboa \c|hv thvbht bt c dno}boxc}bno ng }`h gnvehvjr ocehm Mbtdxttbno \c|hv thvbht;}`h oxefhvboa ng }`h |c|hvt dno}boxhm qb}`nx} bo}hvvx|}bno nv d`coah/ CMFB‒t qnvkboa|c|hvt vhgjhd} bob}bcj bmhct no c }n|bd com cvh |nt}hm nojboh gnv mbtdxttbno/ CMFB hodnxvcahtvhcmhvt }n |nt} }`hbv dneeho}t no }`h ecbo |cah gnv hcd` qnvkboa |c|hv abwho bo }`hdb}c}bno fhjnq"/ Tneh qnvkboa |c|hvt ecr mhwhjn| bo}n n}`hv gnvet ng |xfjbdc}bno/Txaaht}hm db}c}bno9\boa* J/ 6<33/ Q`c} Vhaxjc}nvr \njbdbht Qnvk gnv Hehvaboa Ecvkh}t> CMFB Qnvkboa \c|hv678/ ]nkrn9 Ctbco Mhwhjn|eho} Fcok Bot}b}x}h/ Cwcbjcfjh9 `}}|9..qqq/cmfb/nva.qnvkboa%|c|hv.6<33.<6.<2.=40</vhaxjc}nvr/|njbdbht/qnvk/hehvaboa/ecvkh}t. \jhcth dno}cd} }`h cx}`nvt" gnv bognvec}bno cfnx} }`bt |c|hv/]`h cx}`nv bt }`h mbvhd}nv ahohvcj ng }`h }vcboboa mh|cv}eho} ng }`h D`boc FcokboaVhaxjc}nvr Dneebttbno/ ]`bt |c|hv bt |cv} ng c gnv}`dneboa wnjxeh ho}b}jhm
Gbocodbcj Vhaxjc}bno com Vhgnvet bo Hehvaboa Ecvkh}t 
* hmb}hm fr Ectc`bvn Kcqcb com Htqcv\vctcm Fvnnkboat Bot}b}x}bno \vhtt"/]`h wbhqt hp|vhtthm bo }`bt |c|hv cvh }`nth ng }`h cx}`nv com mn on} vhgjhd} }`h wbhqt ng}`h dneebttbno com mn on} ohdhttcvbjr vhgjhd} }`h wbhqt nv |njbdbht ng CMFB* }`h CtbcoMhwhjn|eho} Fcok CMF"* b}t Fncvm ng Mbvhd}nvt* nv }`h anwhvoeho}t }`hr vh|vhtho}/CMFB mnht on} axcvco}hh }`h cddxvcdr ng }`h mc}c bodjxmhm bo }`bt |c|hv com cddh|}t onvht|notbfbjb}r gnv cor dnothsxhodht ng }`hbv xth/ ]hvebonjnar xthm ecr on} ohdhttcvbjrfh dnotbt}ho} qb}` CMF nggbdbcj }hvet/Ctbco Mhwhjn|eho} Fcok Bot}b}x}hKctxebacthkb Fxbjmboa 0G4%6%8 Kctxebacthkb* D`brnmc%kx]nkrn 3<<%7<<0* Ic|co]hj9 +03%4%4824%88<<Gcp9 +03%4%4824%8813XVJ9 qqq/cmfb/nvaH%ecbj9 bognLcmfb/nva ¢ 6<33 Ctbco Mhwhjn|eho} Fcok Bot}b}x}h
 
CMFB Qnvkboa \c|hv 678 \boa
Cft}vcd}
]`bt |c|hv mbtdxttht }`h fcokboa vhaxjc}nvr com tx|hvwbtnvr |vcd}bdht bo \hn|jh‒t Vh|xfjbdng D`boc \VD" qb}` vhghvhodh }n }`h bo}hvoc}bnocj t}comcvm gnv fcokboa tx|hvwbtbno* ocehjr*}`h Fcthj Dnvh \vbodb|jht gnv Hgghd}bwh Fcokboa Tx|hvwbtbno FD\t"/ Q`bjh }`h \VD `ctbodnv|nvc}hm ecor tnxom |vcd}bdht cmwndc}hm fr }`h FD\t* }`hvh cvh sxb}h c ghq cvhctq`hvh tbaobgbdco} mbgghvhodht dco fh nfthvwhm qb}` vht|hd} }n sxcjbgbdc}bno vhwbhq ng thobnvecocaheho}* fvncmhv vhaxjc}bno c} }`h |vnmxd} jhwhj* |vhtdvb|}bwh vxjht* com axbmcodh gnvvbtk ecocaheho}/ Fvncmjr t|hckboa* }`h \VD cmn|}t c vxjht%fcthm c||vncd` }n vhaxjc}bno;bo ecor dctht* vhaxjc}bnot cvh |vhtdvb|}bwh nv hwho bo}vxtbwh/ Bo fxbjmboa c vnfxt} tx|hvwbtnvrtrt}he* }`h \VD gbomt t|hdbgbd axbmcodh envh `hj|gxj }`co tnjh vhjbcodh no |vbodb|jht%fcthmc||vncd`ht/]`h |c|hv cvaxht }`c} ahohvcj |vbodb|jht com c |vbodb|jh%fcthm c||vncd` }n vhaxjc}bno mnon} thhe }n qnvk qhjj gnv hehvaboa ecvkh}t/ Bomhhm* }`h dxvvho} gbocodbcj dvbtbt `ctvhwhcjhm tneh t`nv}dneboat bo }`h hpbt}boa bo}hvoc}bnocj t}comcvmt no fcokboa tx|hvwbtbno/\hv`c|t }`bt t}comcvm dco fh be|vnwhm fr avhc}hv t|hdbgbdb}r com fr bodnv|nvc}boa envhct|hd}t ng }`h hp|hvbhodht bo hehvaboa ecvkh}t
/
 
IHJ Djcttbgbdc}bno9 A6<* A60

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->