Financial Architecture and Banking Systems

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Financial Architecture and Banking Systems"

Transcription

1 Financial Architecture and Banking Systems Financial and Private Sector Development Financial Systems Practice The World Bank Group

2

3 Our Mission The Financial Architecture and Banking Systems Service Line at the World Bank s Financial and Private Sector Vice Presidency is the focal point for supporting World Bank client countries and financial sector authorities in developing, deepening and strengthening banking and financial systems. The service line is involved in designing financial sector policies and facilitating their implementation, with a view to promoting sound and efficient financial systems in developing and emerging countries. What Do We Do? The Financial Architecture and Banking Systems Service Line undertakes diagnostic assessments, develops diagnostic tools, and provides policy advice and technical assistance in the full range of legal, regulatory, supervisory, systemic stability and institutional development matters for financial systems with particular attention to banks, banking systems, and financial conglomerates. Diagnostics and Tools The service line is managing the Financial Sector Assessment Program (FSAP) which is a joint program of the International Monetary Fund and the World Bank. FSAPs provide third-party, comprehensive assessments of member countries financial system vulnerabilities and develop appropriate policy responses. The FSAP includes assessment of risks, stress testing, crisis preparedness/management, systemic impact assessment frameworks, financial markets and sector development (e.g., capital markets, insurance, pension, housing finance), competition and efficiency analysis, financial inclusion, and other relevant financial sector issues. Diagnostics assessments are undertaken as part of the FSAP program and on a stand-alone basis. They are used to determine technical assistance needs of a country and policy development work. Diagnostic assessments include, but are not limited to the following:

4 Financial Sector Assessment Program (FSAP) Assessment of State-Owned Financial Institutions Evaluation of Crisis Preparedness Arrangements Banking Sector Vulnerability Assessments Diagnostics Assessments International Association of Deposit Insurers Assessments (IADI) Assessment of Basel Core Principles for Effective Banking Supervision (BCP) The Service Line also develops quantitative diagnostic tools, such as Financial Development Indicators, Financial Projection Model, and Least Cost Test Model as well as qualitative diagnostic tools (e.g., bank resolution). The Service Line also plays a coordinating role on the Standards and Codes Initiative (ROSCs) which is one of several building blocks for strengthening the global financial architecture.

5 Some Products Crisis Simulation Exercises Simulations involve designing a plausible scenario and simulating a series of shocks that require actions and decisions by the financial sector authorities. They help authorities to get ready to act in crisis scenarios, and improve existing legal and/or operational framework. One of the main goals of the simulations is to build internal delivery capacity so that financial sector authorities are able to build and run simulation exercises periodically without any external support. Financial Projection Model (FPM) The FPM can be used to identify, assess, and monitor both systemic and idiosyncratic risks. The FPM helps implement comprehensive scenario analyses/stress tests on individual bank and system-wide basis, develop prompt corrective action plans, implement problem bank resolution options, and establish a forward looking CAMEL rating system. The authorities can also use the Model to establish an early warning system, put in place a risk-based deposit insurance premium system, and calculate the appropriate level of reserves against potential bank failures. Bank Resolution Regimes Assessments These involve support to supervisors, deposit insurers and finance ministries in assessing pros and cons of alternative failure resolution options, and implementation of chosen options. This work is undertaken in conjunction with the Least Cost Test Model, an analytical tool to evaluate the dynamics of a bank (or a banking system), which estimates relative costs of resolution options, and the Financial Projection Model (see above). Contingency Planning and Crisis Preparedness Assessments These help Financial Sector authorities strengthen their contingency plans and capacity to respond to suddenly emerging problems. Diagnostic assessments highlight strengths, weaknesses and gaps in existing contingency plans and response capacity, and they identify actions to be taken. Systemic Risk Assessment Frameworks The global financial crisis has firmly put macro-prudential analysis and policies on the agenda of policymakers. The Service Line assists client countries in the development of analytical tools on the basis of which risks to financial stability can be assessed, both in normal and in crisis times. Strengthening Institutional Capacity The Service Line helps authorities in improving their institutional capacity for regulation and supervision of banking systems, including advice on organizational and functional issues, determining and implementing training needs and other aspects.

6 Policy Advice and Technical Assistance The Financial Architecture and Banking Systems Service Line houses the World Bank s core expertise in the regulation and supervision of bank and financial conglomerates. The Service Line provides policy advice and implementation support to national financial sector authorities to help countries strengthen their regulatory and supervisory regimes; be better prepared to deal with financial stress; and be able to adhere to internationally agreed principles for banking supervision. Our current work includes, but is not limited to, fields such as: consolidated supervision, risk based supervision, macro-prudential supervision, home/host supervisory arrangements, systemic impact assessments, Basel III implementation, and others. In addition, we offer post-fsap technical assistance support to authorities in addressing matters raised in FSAPs and otherwise. Policy Advice and Technical Assistance International Standards and Issues Related to Bank and Conglomerate Regulation and Supervision Problem and Failing Bank Resolution Regimes State-Owned Financial Institutions Vulnerability/Risk Assessment Other Assessment of Basel Core Principles (BCPs) Recovery and Resolution Planning Ownership Function Bank Scenario Analysis and Stress-testing Crisis Simulation Exercises Basel Capital Rules, Basel III Reform Package Risk-Based Supervision Consolidated Supervision Macro-Prudential Supervision Credit Risk Assessment and Provisioning Design and Improvement of Deposit Insurance Systems Cross-Border Resolutions Bank Resolution Toolkits Least-Cost Test Model Governance Arrangements SME Finance Rural Finance Credit Guarantee Schemes Systemic Risk Assessment Early Warning System Crisis Preparedness Assessment Islamic Finance Microfinance Home/Host Supervisory Arrangements

7 Who Do We Work With? Financial Architecture and Banking Systems Service Line provides policy advice and technical assistance to supervisory and regulatory authorities, central banks, deposit insurance authorities, finance ministries, and regional development banks in World Bank client countries. In addition, we maintain institutional relationships with international organizations and standard setting bodies, including the International Monetary Fund (IMF), the Financial Stability Board (FSB), the Basel Committee on Banking Supervision, and the International Association of Deposit Insurers (IADI). The Financial Architecture and Banking Systems Service Line is the focal point within the Bank for coordinating matters related to the Financial Stability Board (FSB) reform agenda and the Bank institutional representation. We work closely with the Financial Sector Reform and Strengthening (FIRST) Initiative, a multi-donor funded technical assistance program; the Toronto Leadership Centre, and the Financial Stability Institute. Our Team The Financial Architecture and Banking Systems Service Line team mainly comprises former senior regulators and supervisors from around the world, including central bankers and senior staff from supervisory and deposit insurance agencies.

8 Financial Architecture and Banking systems Service Line Financial and Private Sector Vice Presidency The World Bank 1818 H Street, NW, Washington, D.C

DECLARATION ON STRENGTHENING THE FINANCIAL SYSTEM LONDON SUMMIT, 2 APRIL 2009

DECLARATION ON STRENGTHENING THE FINANCIAL SYSTEM LONDON SUMMIT, 2 APRIL 2009 DECLARATION ON STRENGTHENING THE FINANCIAL SYSTEM LONDON SUMMIT, 2 APRIL 2009 We, the Leaders of the G20, have taken, and will continue to take, action to strengthen regulation and supervision in line

More information

CHALLENGES FOR BASEL II IMPLEMENTATION IN CHILE

CHALLENGES FOR BASEL II IMPLEMENTATION IN CHILE DIALOGUE ON BASEL II IMPLEMENTATION ABAC - SBIF - ABIF CHALLENGES FOR BASEL II IMPLEMENTATION IN CHILE ENRIQUE MARSHALL SUPERINTENDENT OF BANKS AND FINANCIAL INSTITUTIONS SEPTEMBER 2004 EVALUATION OF THE

More information

STRENGTHENING MACRO AND MICRO-PRUDENTIAL SUPERVISION IN EU CANDIDATES AND POTENTIAL CANDIDATES

STRENGTHENING MACRO AND MICRO-PRUDENTIAL SUPERVISION IN EU CANDIDATES AND POTENTIAL CANDIDATES April 2012 STRENGTHENING MACRO AND MICRO-PRUDENTIAL SUPERVISION IN EU CANDIDATES AND POTENTIAL CANDIDATES A programme funded by the European Union Project Summary (not for publication) A programme implemented

More information

Core Principles for Effective Banking Supervision: New Edition Released

Core Principles for Effective Banking Supervision: New Edition Released News Bulletin September 17, 2012 Core Principles for Effective Banking Supervision: New Edition Released Last Friday, September 14, 2012, the Basel Committee on Banking Supervision published a new set

More information

BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM

BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D.C. 20551 DIVISION OF BANKING SUPERVISION AND REGULATION DIVISION OF CONSUMER AND COMMUNITY AFFAIRS SR 12-17 CA 12-14 December 17, 2012 TO

More information

FSB launches peer review on deposit insurance systems and invites feedback from stakeholders

FSB launches peer review on deposit insurance systems and invites feedback from stakeholders Press release Press enquiries: Basel +41 61 280 8037 Press.service@bis.org Ref no: 26/2011 1 July 2011 FSB launches peer review on deposit insurance systems and invites feedback from stakeholders The Financial

More information

FSI-IADI Seminar on Bank Resolution, Crisis Management and Deposit Insurance Issues. Coordination of safety net players: Role of DIA.

FSI-IADI Seminar on Bank Resolution, Crisis Management and Deposit Insurance Issues. Coordination of safety net players: Role of DIA. FSI-IADI Seminar on Bank Resolution, Crisis Management and Deposit Insurance Issues Coordination of safety net players: Role of DIA Jerzy Pruski IADI President and Chair of the Executive Council President

More information

International Monetary Fund Washington, D.C.

International Monetary Fund Washington, D.C. 2009 International Monetary Fund May 2009 IMF Country Report No. 09/167 Cyprus: Financial Sector Assessment Program Update Technical Note Factual Update on Basel Core Principles for Effective Banking Supervision

More information

Extract from. Études et Dossiers No. 384. 8 th Insurance and Finance Seminar of The Geneva Association 7-8 December 2011 London

Extract from. Études et Dossiers No. 384. 8 th Insurance and Finance Seminar of The Geneva Association 7-8 December 2011 London International Association for the Study of Insurance Economics Études et Dossiers Extract from Études et Dossiers No. 384 8 th Insurance and Finance Seminar of The Geneva Association 7-8 December 2011

More information

THE EARLY WARNING SYSTEM PRESENTATION DEFINITION

THE EARLY WARNING SYSTEM PRESENTATION DEFINITION THE EARLY WARNING SYSTEM PRESENTED BY: PETER GATERE MANGER, BANK SUPERVISION CENTRAL BANK OF KENYA 1 PRESENTATION Definition Background Objectives of an early warning system Role of qualitative information

More information

Basel Committee on Banking Supervision. International Association of Deposit Insurers. Core Principles for Effective Deposit Insurance Systems

Basel Committee on Banking Supervision. International Association of Deposit Insurers. Core Principles for Effective Deposit Insurance Systems Basel Committee on Banking Supervision International Association of Deposit Insurers Core Principles for Effective Deposit Insurance Systems A methodology for compliance assessment December 2010 Copies

More information

The World Bank Reports on the Observance of Standards and Codes (ROSC) Overview of the ROSC Accounting and Auditing Program

The World Bank Reports on the Observance of Standards and Codes (ROSC) Overview of the ROSC Accounting and Auditing Program The World Bank Reports on the Observance of Standards and Codes (ROSC) Overview of the ROSC Accounting and Auditing Program January 2004 OVERVIEW OF THE ROSC ACCOUNTING AND AUDITING PROGRAM CONTENTS I.

More information

International Association of Deposit Insurers (IADI) IADI Core Principles for Effective Deposit Insurance Systems

International Association of Deposit Insurers (IADI) IADI Core Principles for Effective Deposit Insurance Systems International Association of Deposit Insurers (IADI) IADI Core Principles for Effective Deposit Insurance Systems November 2014 Contents Acronyms...4 I. Introduction... 5 II. Definitions of Key Terms...

More information

Post-Crisis Regulatory Reform Agenda: What it means for Developing Countries. George Brady IAIS Deputy Secretary General 9 June 2015

Post-Crisis Regulatory Reform Agenda: What it means for Developing Countries. George Brady IAIS Deputy Secretary General 9 June 2015 Post-Crisis Regulatory Reform Agenda: What it means for Developing Countries George Brady IAIS Deputy Secretary General 9 June 2015 Overview IAIS Post-Crisis Regulatory Reform Agenda: What it means for

More information

Reducing the moral hazard posed by systemically important financial institutions. FSB Recommendations and Time Lines

Reducing the moral hazard posed by systemically important financial institutions. FSB Recommendations and Time Lines Reducing the moral hazard posed by systemically important financial institutions FSB Recommendations and Time Lines 20 October 2010 Table of Contents I. Overall policy framework to reduce moral hazard

More information

Opinion. of the European Insurance and Occupational Pensions Authority of 24 November 2014 on

Opinion. of the European Insurance and Occupational Pensions Authority of 24 November 2014 on EIOPA-BoS-14/120 24 November 2014 Opinion of the European Insurance and Occupational Pensions Authority of 24 November 2014 on Sound principles for Crisis Prevention, Management and Resolution preparedness

More information

Frequently Asked Questions for IAIS Financial Stability and Macroprudential Policy and Surveillance (MPS) Activities

Frequently Asked Questions for IAIS Financial Stability and Macroprudential Policy and Surveillance (MPS) Activities Updated 25 June 2015 Frequently Asked Questions for IAIS Financial Stability and Macroprudential Policy and Surveillance (MPS) Activities The International Association of Insurance Supervisors (IAIS) is

More information

This chapter assesses the risks that were identified in the first chapter and elaborated in the earlier chapters of this report.

This chapter assesses the risks that were identified in the first chapter and elaborated in the earlier chapters of this report. 5. Risk assessment This chapter assesses the risks that were identified in the first chapter and elaborated in the earlier chapters of this report. 5.1. Qualitative risk assessment Qualitative risk assessment

More information

Banking Regulation and Supervision Agency of Turkey (BRSA)

Banking Regulation and Supervision Agency of Turkey (BRSA) Banking Regulation and Supervision Agency of Turkey (BRSA) Tuba GEÇER ER Senior Bank Examiner Başak ak YETİŞ İŞEN TEKER Banking Specialist Moscow, 28 September 2011 Who We Are Banking Regulation and Supervision

More information

EBA final draft Regulatory Technical Standards

EBA final draft Regulatory Technical Standards EBA/RTS/2014/11 18 July 2014 EBA final draft Regulatory Technical Standards on the content of recovery plans under Article 5(10) of Directive 2014/59/EU establishing a framework for the recovery and resolution

More information

Principles for the supervision of financial conglomerates

Principles for the supervision of financial conglomerates THE JOINT FORUM BASEL COMMITTEE ON BANKING SUPERVISION INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS INTERNATIONAL ASSOCIATION OF INSURANCE SUPERVISORS C/O BANK FOR INTERNATIONAL SETTLEMENTS CH-4002

More information

The Future of Insurance Regulation: A Global Perspective ACLI Executive Roundtable

The Future of Insurance Regulation: A Global Perspective ACLI Executive Roundtable Washington, DC Atlanta Brussels Dubai Hong Kong London Milan New York Paris San Francisco Singapore Sydney Tokyo Toronto The Future of Insurance Regulation: A Global Perspective ACLI Executive Roundtable

More information

Financial Sector Assessment Program 2002 and 2006 (Slovak Experience)

Financial Sector Assessment Program 2002 and 2006 (Slovak Experience) Financial Sector Assessment Program 2002 and 2006 (Slovak Experience) Roman Turok-Heteš National Bank of Slovakia World Bank Groups 2007 Finance and Private Sector Development Forum Making Changes: Reasons,

More information

Keynote Speech by Masamichi Kono at the 9 th DICJ Roundtable Kyoto, 17 February, 2016

Keynote Speech by Masamichi Kono at the 9 th DICJ Roundtable Kyoto, 17 February, 2016 Keynote Speech by Masamichi Kono at the 9 th DICJ Roundtable Kyoto, 17 February, 2016 It is my great honor and pleasure to be with you this morning on the occasion of the 9 th DICJ Round Table, hosted

More information

EVOLUTION OF FINANCIAL REGULATION AT BCBS AND FSB

EVOLUTION OF FINANCIAL REGULATION AT BCBS AND FSB EVOLUTION OF FINANCIAL REGULATION AT BCBS AND FSB SINCE 2008 Christoph Baumann* THE FINANCIAL STABILITY BOARD AND THE BASEL COMMITTEE ON BANKING SUPERVISION International financial regulation has been

More information

Guidelines on preparation for and management of a financial crisis

Guidelines on preparation for and management of a financial crisis CEIOPS-DOC-15/09 26 March 2009 Guidelines on preparation for and management of a financial crisis in the Context of Supplementary Supervision as defined by the Insurance Groups Directive (98/78/EC) and

More information

Advisory Guidelines of the Financial Supervisory Authority. Requirements regarding the arrangement of operational risk management

Advisory Guidelines of the Financial Supervisory Authority. Requirements regarding the arrangement of operational risk management Advisory Guidelines of the Financial Supervisory Authority Requirements regarding the arrangement of operational risk management These Advisory Guidelines have established by resolution no. 63 of the Management

More information

CEBS Guidelines for the Operational Functioning of Supervisory Colleges (GL 34)

CEBS Guidelines for the Operational Functioning of Supervisory Colleges (GL 34) 15 June 2010 CEBS Guidelines for the Operational Functioning of Supervisory Colleges (GL 34) Table of contents Introductory statements... 3 Executive summary... 5 Chapter 1: Operational organisation of

More information

Letter from the President

Letter from the President Letter from the President 1 FEDERAL RESERVE BANK OF NEW YORK 2013 ANNUAL REPORT LETTER FROM THE PRESIDENT The year 2013 marked the centennial of the Federal Reserve System. During the year, the Federal

More information

Banking Organizations Subject to the Advanced Approaches Risk- Based Capital Rule

Banking Organizations Subject to the Advanced Approaches Risk- Based Capital Rule February 17, 2015 Mr. Robert DeV. Frierson Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue, NW Washington, DC 20551 RIN 7100- AE 24 Regulation Q; Docket No.

More information

Statement by the Managing Director on the Work Program of the Executive Board Executive Board Meeting November 25, 2013

Statement by the Managing Director on the Work Program of the Executive Board Executive Board Meeting November 25, 2013 Statement by the Managing Director on the Work Program of the Executive Board Executive Board Meeting November 25, 2013 1. Managing multiple transitions. The Global Policy Agenda (GPA) presented to the

More information

Basel Committee on Banking Supervision. Consultative Document. Core Principles for Effective Banking Supervision. Issued for comment by 20 March 2012

Basel Committee on Banking Supervision. Consultative Document. Core Principles for Effective Banking Supervision. Issued for comment by 20 March 2012 Basel Committee on Banking Supervision Consultative Document Core Principles for Effective Banking Supervision Issued for comment by 20 March 2012 December 2011 This publication is available on the BIS

More information

Contingency planning for financial supervisors what is it?

Contingency planning for financial supervisors what is it? Contingency Planning and Crisis Simulations David Scott and Aquiles Almansi Prudential Oversight Unit, The World Bank 1 Contingency planning for financial supervisors what is it? Planning for events that

More information

To G20 Finance Ministers and Central Bank Governors. Financial Reforms Finishing the Post-Crisis Agenda and Moving Forward

To G20 Finance Ministers and Central Bank Governors. Financial Reforms Finishing the Post-Crisis Agenda and Moving Forward THE CHAIRMAN 4 February 2015 To G20 Finance Ministers and Central Bank Governors Financial Reforms Finishing the Post-Crisis Agenda and Moving Forward In Brisbane, G20 Leaders welcomed the progress we

More information

Tightening Financial Regulation, Broadening Role of Deposit Insurance - Resolution Serving Financial Stability. Bank Resolution Framework in Poland

Tightening Financial Regulation, Broadening Role of Deposit Insurance - Resolution Serving Financial Stability. Bank Resolution Framework in Poland Tightening Financial Regulation, Broadening Role of Deposit Insurance - Resolution Serving Financial Stability Bank Resolution Framework in Poland Jerzy Pruski President and Chair of the Executive Council,

More information

DETAILED TABLE OF CONTENTS

DETAILED TABLE OF CONTENTS DETAILED TABLE OF CONTENTS Table of Cases Table of Legislation List of Abbreviations xxii xxv lxi I. Introduction 1 1.1 EU Securities and Markets Regulation 1 1.2 Securities and Markets Regulation and

More information

Supervisory Practice in Insurance Market Republic of Srpska

Supervisory Practice in Insurance Market Republic of Srpska Challenges and Practice in Supervision of Insurance Companies in Southeast Europe Supervisory Practice in Insurance Market Republic of Srpska Insurance Agency of Republic of Srpska Božana Šljivar, Director

More information

List of legislative acts

List of legislative acts List of legislative acts BRRd : d irective 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment

More information

Affecting The Availability of

Affecting The Availability of Financial Regulatory Factors Affecting The Availability of Long-Term Investment t Finance Eric Parrado H. Chairman Banking and Financial Institutions Regulation Authority of Chile Sixth Meeting of the

More information

Basel Committee on Banking Supervision. Consultative Document. Revised good practice principles for supervisory colleges

Basel Committee on Banking Supervision. Consultative Document. Revised good practice principles for supervisory colleges Basel Committee on Banking Supervision Consultative Document Revised good practice principles for supervisory colleges Issued for comment by 18 April 2014 January 2014 This publication is available on

More information

Press release Press enquiries: +41 61 280 8188 press@bis.org www.bis.org

Press release Press enquiries: +41 61 280 8188 press@bis.org www.bis.org Press release Press enquiries: +41 61 280 8188 press@bis.org www.bis.org Ref no: 35/2010 12 September 2010 Group of Governors and Heads of Supervision announces higher global minimum capital standards

More information

MEDIA RELEASE. IOSCO reports on business continuity plans for trading venues and intermediaries

MEDIA RELEASE. IOSCO reports on business continuity plans for trading venues and intermediaries IOSCO/MR/54/2015 Madrid, 22 December 2015 IOSCO reports on business continuity plans for trading venues and intermediaries The Board of the (IOSCO) today published two reports that seek to enhance the

More information

Communiqué. G20 Finance Ministers and Central Bank Governors Meeting 14-15 April 2016, Washington D.C.

Communiqué. G20 Finance Ministers and Central Bank Governors Meeting 14-15 April 2016, Washington D.C. Communiqué G20 Finance Ministers and Central Bank Governors Meeting 14-15 April 2016, Washington D.C. 1. The global recovery continues and the financial markets have recovered most of the ground lost earlier

More information

Statement by. Ben S. Bernanke. Chairman. Board of Governors of the Federal Reserve System. before the

Statement by. Ben S. Bernanke. Chairman. Board of Governors of the Federal Reserve System. before the For release on delivery 9:30 a.m. EDT May 12, 2011 Statement by Ben S. Bernanke Chairman Board of Governors of the Federal Reserve System before the Committee on Banking, Housing, and Urban Affairs U.S.

More information

International Monetary and Financial Committee

International Monetary and Financial Committee International Monetary and Financial Committee Twenty-Seventh Meeting April 20, 2013 Statement by Koen Geens, Minister of Finance, Ministere des Finances, Belgium On behalf of Armenia, Belgium, Bosnia

More information

Remarks by. Carolyn G. DuChene Deputy Comptroller Operational Risk. at the

Remarks by. Carolyn G. DuChene Deputy Comptroller Operational Risk. at the Remarks by Carolyn G. DuChene Deputy Comptroller Operational Risk at the Bank Safety and Soundness Advisor Community Bank Enterprise Risk Management Seminar Washington, D.C. October 22, 2012 Good afternoon,

More information

GUIDANCE NOTE FOR DEPOSIT-TAKERS. Operational Risk Management. March 2012

GUIDANCE NOTE FOR DEPOSIT-TAKERS. Operational Risk Management. March 2012 GUIDANCE NOTE FOR DEPOSIT-TAKERS Operational Risk Management March 2012 Version 1.0 Contents Page No 1 Introduction 2 2 Overview 3 Operational risk - fundamental principles and governance 3 Fundamental

More information

Guideline Note Mobile Financial Services: Regulatory Reporting

Guideline Note Mobile Financial Services: Regulatory Reporting Mobile Financial Services Working Group (MFSWG) Guideline Note Mobile Financial Services: Regulatory Reporting About AFI Guideline Notes This guideline note on mobile financial services (MFS) regulatory

More information

Regional workshop BCCL-METAC Operational functioning of supervisory Colleges BEYROUTH, April 25 th, 2012

Regional workshop BCCL-METAC Operational functioning of supervisory Colleges BEYROUTH, April 25 th, 2012 Regional workshop BCCL-METAC Operational functioning of supervisory Colleges BEYROUTH, April 25 th, 2012 INTRODUCTION SUPERVISORY COLLEGES ARE A FUNDAMENTAL TOOL OF COOPERATION : At the light of the crisis,

More information

Session 7: Regulatory Update T HOMAS PASUIT, M E T L I F E J I M F RASHER, N O RT HWEST ERN M U T UA L

Session 7: Regulatory Update T HOMAS PASUIT, M E T L I F E J I M F RASHER, N O RT HWEST ERN M U T UA L Session 7: Regulatory Update M O D E R ATO R : PA N E L I STS: PATRICK H UGHES E R I C D I NALLO, D E B EVOISE & PLIMPTON L L P T HOMAS PASUIT, M E T L I F E J I M F RASHER, N O RT HWEST ERN M U T UA L

More information

Systemic Risk and Investor Rights a Global Regulatory Perspective *

Systemic Risk and Investor Rights a Global Regulatory Perspective * Systemic Risk and Investor Rights a Global Regulatory Perspective * The Ability of Regulation to Facilitate the Enforcement of Investor Rights London, UK, 24 March 2014 Klaus Löber CPSS Secretariat Bank

More information

Financial Reforms Achieving and Sustaining Resilience for All

Financial Reforms Achieving and Sustaining Resilience for All T H E C H A I R M A N 9 November 2015 To G20 Leaders Financial Reforms Achieving and Sustaining Resilience for All Over the past seven years, the G20 has fundamentally reformed the global financial system

More information

Financial Risk Management Courses

Financial Risk Management Courses Financial Risk Management Courses The training was great, the materials were informative and the instructor was very knowledgeable. The course covered real scenarios that were well put together and delivered.

More information

Preparing for the Resolution of a Troubled Bank. Have Your Toolkit Ready

Preparing for the Resolution of a Troubled Bank. Have Your Toolkit Ready Preparing for the Resolution of a Troubled Bank Have Your Toolkit Ready Plans are nothing; planning is everything. Outline of Presentation Planning for a bank resolution as part of your overall contingency

More information

: Chief Executive Officers of all Licensed Commercial Banks, Primary Dealers, Central Depository Systems (Pvt) Ltd. and LankaClear (Pvt.) Ltd.

: Chief Executive Officers of all Licensed Commercial Banks, Primary Dealers, Central Depository Systems (Pvt) Ltd. and LankaClear (Pvt.) Ltd. March 29, 2006 BCP Guidelines No: 01/2006 To : Chief Executive Officers of all Licensed Commercial Banks, Primary Dealers, Central Depository Systems (Pvt) Ltd. and LankaClear (Pvt.) Ltd. Introduction

More information

International Monetary Fund Washington, D.C.

International Monetary Fund Washington, D.C. 2006 International Monetary Fund June 2006 IMF Country Report No. 06/217 Spain: Financial Sector Assessment Program Technical Note Supervision of Insurance: Alternative Models for an Independent Agency

More information

Global Services Summit Panel Presentation Washington DC, October 21, 2015

Global Services Summit Panel Presentation Washington DC, October 21, 2015 Global Services Summit Panel Presentation Washington DC, October 21, 2015 Masamichi Kono Vice Minister for International Affairs Financial Services Agency, Japan Some twenty years after the Uruguay Round

More information

Recovery and Resolution Planning: Making the Key Attributes Requirements Operational. Consultative Document

Recovery and Resolution Planning: Making the Key Attributes Requirements Operational. Consultative Document Recovery and Resolution Planning: Making the Key Attributes Requirements Operational Consultative Document November 2012 2 Introduction At the Cannes Summit in November 2011, the G20 Leaders endorsed the

More information

DECLARATION SUMMIT ON FINANCIAL MARKETS AND THE WORLD ECONOMY November 15, 2008 1. We, the Leaders of the Group of Twenty, held an initial meeting in

DECLARATION SUMMIT ON FINANCIAL MARKETS AND THE WORLD ECONOMY November 15, 2008 1. We, the Leaders of the Group of Twenty, held an initial meeting in DECLARATION SUMMIT ON FINANCIAL MARKETS AND THE WORLD ECONOMY November 15, 2008 1. We, the Leaders of the Group of Twenty, held an initial meeting in Washington on November 15, 2008, amid serious challenges

More information

INTERNATIONAL MONETARY FUND THE WORLD BANK. Analytical Tools of the FSAP. Approved by Cesare Calari and Stefan Ingves.

INTERNATIONAL MONETARY FUND THE WORLD BANK. Analytical Tools of the FSAP. Approved by Cesare Calari and Stefan Ingves. INTERNATIONAL MONETARY FUND THE WORLD BANK Analytical Tools of the FSAP Prepared by the Staffs of the World Bank and the International Monetary Fund Approved by Cesare Calari and Stefan Ingves February

More information

Peer Review of Russia. Review Report

Peer Review of Russia. Review Report Peer Review of Russia Review Report 2 February 2015 Peer Review of Russia Review Report Table of Contents Foreword... 3 Abbreviations... 4 Executive summary... 5 1. Introduction... 11 2. Macroprudential

More information

NEED OF FINANCIAL INSTITUTIONS SUPERVISION THROUGH AN SINGLE FRAMEWORK OF MACRO-PRUDENTIAL SUPERVISION

NEED OF FINANCIAL INSTITUTIONS SUPERVISION THROUGH AN SINGLE FRAMEWORK OF MACRO-PRUDENTIAL SUPERVISION NEED OF FINANCIAL INSTITUTIONS SUPERVISION THROUGH AN SINGLE FRAMEWORK OF MACRO-PRUDENTIAL SUPERVISION MEDAR LUCIAN-ION, Professor PHD, CHIRTOC IRINA-ELENA, Assistant professor PHD, CONSTANTIN BRANCUSI

More information

Accountability of central banks and supervisory bodies what should be the remit of auditors at EU and national level

Accountability of central banks and supervisory bodies what should be the remit of auditors at EU and national level Claes Norgren Auditor General Version 20141009 Accountability of central banks and supervisory bodies what should be the remit of auditors at EU and national level Keynote speech by Auditor General Mr

More information

Net Stable Funding Ratio

Net Stable Funding Ratio Net Stable Funding Ratio Aims to establish a minimum acceptable amount of stable funding based on the liquidity characteristics of an institution s assets and activities over a one year horizon. The amount

More information

FINANCIAL SECTOR ASSESSMENT PROGRAM TECHNICAL NOTE CRISIS MANAGEMENT, BANK RESOLUTION, AND FINANCIAL SECTOR SAFETY NETS

FINANCIAL SECTOR ASSESSMENT PROGRAM TECHNICAL NOTE CRISIS MANAGEMENT, BANK RESOLUTION, AND FINANCIAL SECTOR SAFETY NETS September 2015 NORWAY IMF Country Report No. 15/253 FINANCIAL SECTOR ASSESSMENT PROGRAM TECHNICAL NOTE CRISIS MANAGEMENT, BANK RESOLUTION, AND FINANCIAL SECTOR SAFETY NETS This Technical Note on Crisis

More information

Supervisory Statement SS18/13. Recovery planning. December 2013. (Last updated 16 January 2015)

Supervisory Statement SS18/13. Recovery planning. December 2013. (Last updated 16 January 2015) Supervisory Statement SS18/13 Recovery planning December 2013 (Last updated 16 January 2015) Prudential Regulation Authority 20 Moorgate London EC2R 6DA Prudential Regulation Authority, registered office:

More information

Memorandum of Understanding between the Financial Conduct Authority and the Bank of England, including the Prudential Regulation Authority

Memorandum of Understanding between the Financial Conduct Authority and the Bank of England, including the Prudential Regulation Authority Memorandum of Understanding between the Financial Conduct Authority and the Bank of England, including the Prudential Regulation Authority Purpose and scope 1. This Memorandum of Understanding (MoU) sets

More information

The Role of the IMF and World Bank in Financial Sector Reform and Compliance

The Role of the IMF and World Bank in Financial Sector Reform and Compliance The Role of the IMF and World Bank in Financial Sector Reform and Compliance Dalvinder Singh The IMF and the World Bank have responsibility respectively for exchange rate and currency stability, and reconstruction

More information

Basel Committee on Banking Supervision. Good practice principles on supervisory colleges

Basel Committee on Banking Supervision. Good practice principles on supervisory colleges Basel Committee on Banking Supervision Good practice principles on supervisory colleges October 2010 Copies of publications are available from: Bank for International Settlements Communications CH-4002

More information

Globalization, IMF and Bulgaria

Globalization, IMF and Bulgaria Globalization, IMF and Bulgaria Presentation by Piritta Sorsa * *, Resident Representative of the IMF in Bulgaria, At the Conference on Globalization and Sustainable Development, Varna Free University,

More information

Arnout H. E. M. Wellink. President, De Nederlandsche Bank Chairman, Basel Committee on Banking Supervision

Arnout H. E. M. Wellink. President, De Nederlandsche Bank Chairman, Basel Committee on Banking Supervision President, De Nederlandsche Bank Chairman, Basel Committee on Banking Supervision 118 27. Mai 2008 Banking Supervision in Europe: Developments and Challenges 1. The banking system has gone through major

More information

APRA Service Charter. December 2011. www.apra.gov.au Australian Prudential Regulation Authority

APRA Service Charter. December 2011. www.apra.gov.au Australian Prudential Regulation Authority Service Charter December 2011 www.apra.gov.au Australian Prudential Regulation Authority Heading Our Service Charter The Australian Prudential Regulation Authority () has been established by the Australian

More information

Sheikh Tamim bin Hamad Al Thani

Sheikh Tamim bin Hamad Al Thani His Highness Sheikh Tamim bin Hamad Al Thani Emir of the State of Qatar Contents 2 Foreword 6 Executive Summary 10 Challenges and Opportunities 16 Mission, Vision and Values 20 Key Objectives 22 Strategic

More information

EBA Work Programme 2015

EBA Work Programme 2015 30 September 2014 EBA Work Programme 2015 1. In accordance with Regulation (EU) No 1093/2010 1 of the European Parliament and of the Council of 24 November 2010 establishing the European Banking Authority

More information

Understanding Financial Consolidation

Understanding Financial Consolidation Keynote Address Roger W. Ferguson, Jr. Understanding Financial Consolidation I t is my pleasure to speak with you today, and I thank Bill McDonough and the Federal Reserve Bank of New York for inviting

More information

Guidelines for the Development and Stability of the Financial Market of the Russian Federation for the Period of 2016 2018 (Draft)

Guidelines for the Development and Stability of the Financial Market of the Russian Federation for the Period of 2016 2018 (Draft) Guidelines for the Development and Stability of the Financial Market of the Russian Federation for the Period of 2016 2018 (Draft) December, 2015 2 The Bank of Russia s first strategic document on financial

More information

Liquidity Coverage Ratio

Liquidity Coverage Ratio Liquidity Coverage Ratio Aims to ensure banks maintain adequate levels of unencumbered high quality assets (numerator) against net cash outflows (denominator) over a 30 day significant stress period. High

More information

Communiqué G20 Finance Ministers and Central Bank Governors Meeting 4-5 September 2015, Ankara, Turkey 1. We met in Ankara to review ongoing economic

Communiqué G20 Finance Ministers and Central Bank Governors Meeting 4-5 September 2015, Ankara, Turkey 1. We met in Ankara to review ongoing economic Communiqué G20 Finance Ministers and Central Bank Governors Meeting 4-5 September 2015, Ankara, Turkey 1. We met in Ankara to review ongoing economic developments, our respective growth prospects, and

More information

Central Banks and the Development Agenda The CBN Experience Sadiq Usman 1 Presentation Outline 2 Slide Introduction Brief on Nigeria The recent Banking Crisis CBN Developmental Activities CBN Interventions

More information

Guidance on Arrangements to Support Operational Continuity in Resolution. Consultative Document

Guidance on Arrangements to Support Operational Continuity in Resolution. Consultative Document Guidance on Arrangements to Support Operational Continuity in Resolution Consultative Document 3 November 2015 ii The Financial Stability Board ( FSB ) is seeking comments on its Consultative Document

More information

* * * BIS central bankers speeches 1

* * * BIS central bankers speeches 1 Luis M Linde: Situation of and challenges facing the European and Spanish banking industry following the start-up of the Single Supervisory Mechanism (SSM) Opening address by Mr Luis M Linde, Governor

More information

FINANCIAL STABILITY FORUM. FSF Principles for Cross-border Cooperation on Crisis Management

FINANCIAL STABILITY FORUM. FSF Principles for Cross-border Cooperation on Crisis Management FSF Principles for Cross-border Cooperation on Crisis Management 2 April 2009 Preface These high-level principles for cross-border cooperation on crisis management have been developed and endorsed by the

More information

Risk & Capital Management under Basel III

Risk & Capital Management under Basel III www.pwc.com Risk & Capital Management under Basel III London, 15 Draft Agenda Basel III changes to capital rules - Definition of capital - Minimum capital ratios - Leverage ratio - Buffer requirements

More information

Basel Committee on Banking Supervision. Principles for effective supervisory colleges

Basel Committee on Banking Supervision. Principles for effective supervisory colleges Basel Committee on Banking Supervision Principles for effective supervisory colleges June 2014 This publication is available on the BIS website (www.bis.org). Bank for International Settlements 2014. All

More information

STRESS TESTING GUIDELINE

STRESS TESTING GUIDELINE STRESS TESTING GUIDELINE JUIN 2012 Table of Contents Preamble... 2 Introduction... 3 Scope... 5 Coming into effect and updating... 6 1. Stress testing... 7 A. Concept... 7 B. Approaches underlying stress

More information

An Overview of Basel II s Pillar 2

An Overview of Basel II s Pillar 2 An Overview of Basel II s Pillar 2 Seminar for Senior Bank Supervisors from Emerging Economies Washington, DC 23 October 2008 Elizabeth Roberts Director, FSI Topics to be covered Why does Pillar 2 exist?

More information

ATTACHED TECHNICAL ASSISTANCE

ATTACHED TECHNICAL ASSISTANCE Strengthening Economic Management Program II (RRP BHU 46371-002) ATTACHED TECHNICAL ASSISTANCE A. Introduction 1. The Ministry of Finance (MOF) of the Government of Bhutan requested capacity development

More information

SECTOR ASSESSMENT (SUMMARY): FINANCE 1. 1. Sector Performance, Problems, and Opportunities

SECTOR ASSESSMENT (SUMMARY): FINANCE 1. 1. Sector Performance, Problems, and Opportunities Country Partnership Strategy: Bangladesh, 2011 2015 SECTOR ASSESSMENT (SUMMARY): FINANCE 1 Sector Road Map 1. Sector Performance, Problems, and Opportunities 1. The finance sector in Bangladesh is diverse,

More information

Guide to Licensing Application Process for Deposit Taking Entities

Guide to Licensing Application Process for Deposit Taking Entities Introduction Section 4 of the Banking Act and the Financial Institutions Act grants the Bank of Jamaica the responsibility for assessing all applications for a deposit-taking license to inform its recommendation

More information

DELIVERING CHANGE TO DEPOSIT INSURANCE SYSTEMS

DELIVERING CHANGE TO DEPOSIT INSURANCE SYSTEMS DELIVERING CHANGE TO DEPOSIT INSURANCE SYSTEMS THE EUROPEAN PERSPECTIVE Charles Canonne, European Banking Authority, 2 June 2015 IADI Conference, Basel. Europe who does what? European Banking Authority

More information

Good Governance, Liberalization & Innovation: Insurance

Good Governance, Liberalization & Innovation: Insurance Good Governance, Liberalization & Innovation: Way Forward for MENA Insurance Dr. Nasser Saidi Hawkamah Institute for Corporate Governance Dubai International Financial Centre Good Governance, Liberalization

More information

Thematic Review on Deposit Insurance Systems. Peer Review Report

Thematic Review on Deposit Insurance Systems. Peer Review Report Thematic Review on Deposit Insurance Systems Peer Review Report 8 February 2012 Thematic Review on Deposit Insurance Systems Peer Review Report Table of Contents Foreword... i Executive summary...2 I.

More information

Welcoming Remarks. Financial Interdependence in the World s Post-Crisis Capital Markets. Charles I. Plosser

Welcoming Remarks. Financial Interdependence in the World s Post-Crisis Capital Markets. Charles I. Plosser Welcoming Remarks Financial Interdependence in the World s Post-Crisis Capital Markets Presented by GIC in partnership with the Philadelphia Council for Business Economics, the CFA Society of Philadelphia,

More information

INTERNATIONAL INSURANCE CAPITAL STANDARDS. Collaboration among U.S. Stakeholders Has Improved but Could Be Enhanced

INTERNATIONAL INSURANCE CAPITAL STANDARDS. Collaboration among U.S. Stakeholders Has Improved but Could Be Enhanced United States Government Accountability Office Report to Congressional Requesters June 2015 INTERNATIONAL INSURANCE CAPITAL STANDARDS Collaboration among U.S. Stakeholders Has Improved but Could Be Enhanced

More information

Discussion Paper DP1/14. Ensuring operational continuity in resolution

Discussion Paper DP1/14. Ensuring operational continuity in resolution Discussion Paper DP1/14 Ensuring operational continuity in resolution October 2014 Prudential Regulation Authority 20 Moorgate London EC2R 6DA Prudential Regulation Authority, registered office: 8 Lothbury,

More information

(Intercontinental CityStars Hotel, Cairo, Egypt, May 9 11, 2016) -------------------------

(Intercontinental CityStars Hotel, Cairo, Egypt, May 9 11, 2016) ------------------------- ASSOCIATION OF AFRICAN CENTRAL BANKS (AACB) -------------------------------------- AACB 2016 CONTINENTAL SEMINAR ON THE THEME: FINANCIAL STABILITY- NEW CHALLENGES FOR CENTRAL BANKS (Intercontinental CityStars

More information

Discussion paper on the impact on the volatility of own funds of the revised IAS 19

Discussion paper on the impact on the volatility of own funds of the revised IAS 19 POSITION PAPER Our reference: 2014/00028 Your reference: EBA/DP/2014/01 1 (10) 11/04/2014 European Banking Authority Discussion paper on the impact on the volatility of own funds of the revised IAS 19

More information

General Guidance on Early Detection and Timely Intervention for Deposit Insurance Systems

General Guidance on Early Detection and Timely Intervention for Deposit Insurance Systems June 2013 General Guidance on Early Detection and Timely Intervention for Deposit Insurance Systems Prepared by the Research and Guidance Committee International Association of Deposit Insurers C/O BANK

More information

Business Continuity Planning 101. +1 610 768-4120 (800) 634-2016 www.strohlsystems.com info@strohlsystems.com

Business Continuity Planning 101. +1 610 768-4120 (800) 634-2016 www.strohlsystems.com info@strohlsystems.com Business Continuity Planning 101 Presentation Overview What is business continuity planning Plan Development Plan Testing Plan Maintenance Future advancements in BCP Question & Answer What is a Disaster?

More information