Creating a Safer Financial System : Will the Volcker, Vickers, and Liikanen Structural Measures Help? /

The U.S., the U.K., and more recently, the E.U., have proposed policy measures directly targeting complexity and business structures of banks. Unlike other, price-based reforms (e.g., Basel 3 and G-SIFI surcharges), these proposals have been developed unilaterally with material differences in scope,...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Vinals, Jose
Kolejni autorzy: Narain, Aditya, Pazarbasioglu, Ceyla, Surti, Jay
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 2013.
Seria:Staff Discussion Notes; Staff Discussion Notes ; No. 2013/004
Hasła przedmiotowe:
Dostęp online:Full text available on IMF
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245 1 0 |a Creating a Safer Financial System :   |b Will the Volcker, Vickers, and Liikanen Structural Measures Help? /  |c Jose Vinals, Ceyla Pazarbasioglu, Jay Surti, Aditya Narain. 
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490 1 |a Staff Discussion Notes 
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520 3 |a The U.S., the U.K., and more recently, the E.U., have proposed policy measures directly targeting complexity and business structures of banks. Unlike other, price-based reforms (e.g., Basel 3 and G-SIFI surcharges), these proposals have been developed unilaterally with material differences in scope, design and implementation schedules. This may exacerbate cross-border regulatory arbitrage and put a further burden on consolidated supervision and cross-border resolution. This paper provides an analysis of the potential implications of implementing different structural policy measures. It proposes a pragmatic and coordinated approach to development of these policies to reduce risk of regulatory arbitrage and minimize unintended consequences. In doing so, it also aims to identify a set of common policy measures that countries could adopt to re-scope bank business models and corporate structures. 
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651 7 |a United States  |2 imf 
700 1 |a Narain, Aditya. 
700 1 |a Pazarbasioglu, Ceyla. 
700 1 |a Surti, Jay. 
830 0 |a Staff Discussion Notes; Staff Discussion Notes ;  |v No. 2013/004 
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