TAILIEUCHUNG - Financial sector regualation: Issues and Gaps

This paper addresses issues in financial sector regulation from two perspectives. First, it reports on the state of implementation of financial regulatory standards across banking, insurance, and securities sectors in a select group of Fund member countries. Second, it raises issues relating to the design of these three sector standards, arising from the implementation experience and the evolving structure of financial systems. In this regard, the paper identifies a few emerging regulatory risks and some cross-sectoral issues that may warrant further guidance by standard setters | INTERNATIONAL MONETARY FUND Financial Sector Regulation Issues and Gaps Prepared by Staff of the Monetary and Financial Systems Department Approved by Stefan Ingves August 4 2004 Contents Page Executive I. Introduction and II. Implementation of Regulatory A. Framework for B. Implementation C. Cross-Sectoral Regulatory D. Factors Explaining Implementation III. Strengthening Regulatory A. Diversity of Financial B. Cross-Sectoral and Cross-Border C. Objectives and Design of Regulatory IV. Issues Going V. Issues For Table Regulatory Standards Areas Posing Problems in Cross-Sector Figures 1. Regulatory Standards Average Implementation by Main 2. Regulatory Standards Average Implementation by Country 3. Rule of Law and Implementation of Prepared by an MFD team of staff and experts led by David Marston and Udaibir S. Das - 2 - Boxes 1. Regulatory 2. Financial Regulation and its Four Main 3. Preconditions and Linkages with 4. Regulatory Implications of Dollarization and Government 5. Regulatory Implications of Conglomeration and 6. Cross-border Regulatory Appendices I. Income Level Financial Deepening and Standard II. Regulatory Standards Main Gaps and Suggested Appendix Tables 1. Correlations Income Level Financial Deepening and Sector s 2. Implementation by Regulatory - 3 - Glossary AML-CFT BCP BCBS FSAP FSSA FSF GDP IAS IAIS ICP IFRS IOSCO MOF MoU OFC ROSCs SROs Anti-money Laundering-Combating the Financing of Terrorism Basel Core Principles Basel Committee for Banking Supervision Financial Sector Assessment Program Financial System Stability Assessment Financial Stability Forum Gross .

• Tài chính doanh nghiệp
• Issues and apGs
• regulatory systems
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• Diversity of Financial Systems
• Cross Border Issues
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