TAILIEUCHUNG - The Role of Bank Capital in the Propagation of Shocks

The broader objective of the FSA’s regulatory approach is to balance the competing interests of shareholder wealth maximization and the interests of other stakeholders. 14 The FSA’s balancing exercise relies less on the strict application of statutory codes and regulatory standards, and more on the design of flexible, internal compliance programmes that fit the particular risk-level and nature of the bank’s business. To accomplish this, the FSA plays an active role with bank management in designing internal control systems and risk management practices that seek to achieve an optimal level of protection for shareholders, creditors, customers, and the broader. | IIIIIII BANK OF CANADA -1- -1. BANQUE DU CANADA Working Paper Document de travail 2008-36 The Role of Bank Capital in the Propagation of Shocks by Césaire Meh and Kevin Moran Bank of Canada Working Paper 2008-36 October 2008 The Role of Bank Capital in the Propagation of Shocks by Césaire Meh1 and Kevin Moran2 1Monetary and Financial Analysis Department Bank of Canada Ottawa Ontario Canada K1A 0G9 cmeh@ 2Département d économique Université Laval Québec Quebec Canada G1K 7P4 kmoran@ Bank of Canada working papers are theoretical or empirical works-in-progress on subjects in economics and finance. The views expressed in this paper are those of the authors. No responsibility for them should be attributed to the Bank of Canada. ISSN 1701-9397 2008 Bank of Canada Acknowledgements We thank Ian Christensen Allan Crawford Shubhasis Dey Walter Engert and David Longworth for useful comments and discussions. We remain responsible for any errors and omissions. .

• Ngân hàng - Tín dụng
• altruist focused interventions
• ethically significant
• potential harms
• Regional Synthesis
• Regional Synthesis
• Sub Regional Overviews