Foreign Bank Supervision and Challenges to Emerging Market Supervisors

The increased presence of foreign banks in a country's domestic banking system necessitates the development of effective cross-border prudential supervision where the consolidated supervision is the essential element. This paper presents foreign bank supervision in terms of division of responsibilities between the home and host countries, consolidated supervision, quality of home-country supervision, memoranda of understanding (MOUs), and "ringfencing" of banks. A number of challenges which foreign banks bring to emerging market banking supervisors are also discussed. The paper also provides surveys of country cases.
Publication date: May 2004
ISBN: 9781451850475
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Banks and Banking , Banks and Banking , Money and Monetary Policy , Money and Monetary Policy , Foreign Bank , Financial Regulation , banking , foreign banks , banking supervisors , consolidated supervision , General Financial Markets: Government Policy and Regulation , Financial Institutions and Services , Regulation and Business Law

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