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Regulation, Supervision, and Financial Crisis

In: The Economics of Financial Reform in Developing Countries

Author

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  • Wilbert O. Bascom

    (State of Florida)

Abstract

A distinction can be made between prudential and economic regulations of developing countries’ financial markets. Economic regulations include restrictions on the level of interest rates, on credit allocation, and on financial market entry. The principal aim of financial liberalization is to remove these restrictions and the distortions that are associated with them. The objective of prudential regulation and supervision is to ensure the safety and soundness of financial institutions and, more particularly, of commercial banks and other depository financial institutions. This objective is influenced by the need to have efficient and competitive financial institutions that provide depositors with protection and a stable framework for the conduct of financial transactions. Bank supervision helps to determine whether or not the objectives of bank regulations are achieved. It usually includes the examination of commercial banks to determine capital adequacy, asset quality, management, internal controls and audit, earnings and liquidity.

Suggested Citation

  • Wilbert O. Bascom, 1994. "Regulation, Supervision, and Financial Crisis," Palgrave Macmillan Books, in: The Economics of Financial Reform in Developing Countries, chapter 12, pages 170-189, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-23372-4_12
    DOI: 10.1007/978-1-349-23372-4_12
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