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Foreign Bank Supervision and Challenges to Emerging Market Supervisors

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  • Inwon Song
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    Abstract

    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.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 04/82.

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    Length: 52
    Date of creation: 01 May 2004
    Date of revision:
    Handle: RePEc:imf:imfwpa:04/82

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    Keywords: Bank supervision; International banking; Emerging markets; Financial sector; banking; foreign banks; banking supervision; banking supervisors; consolidated supervision; supervisory authorities; supervisory authority; bank entry; bank branches; holding company; banking system; prudential supervision; bank for international settlements; national bank; foreign branches; prudential regulation; information exchange; capital adequacy; bank indonesia; bank branch; monetary authority; banking supervision authority; licensing process; bank subsidiaries; bank of england; bank subsidiary; bank supervisors; bank act; banking activities; banking market; supervisory agencies; banking institutions; exchange information; banking crises; regulatory authority; banking authority; risk management; competent authorities; internal controls; money laundering; electronic banking; banking markets; shell banks; supervisory agency; banking law; foreign exchange; bank of botswana; banking sector; banking business; legal arrangements; bank holding; share information; banking industry; banking operations; terrorism financing; bank of latvia; foreign authority; investment banking; bank ownership; supervisory responsibilities; bank operations; banking structure; bank holding company; financial intermediaries; connected lending; supervisory body; financial regulation; market participants; shell bank; banking license; banking supervisory office; supervisory bodies; bank holding companies; banking sectors; deposit insurance; banking regulation; cooperative banking; reporting requirements; supervisory process; capital requirement; deposit guarantee; international accounting standards; recapitalization; banking system concentrations; external auditor; financial supervision; accounting standards; banking structures; banking services; banking authorities; insurance supervisors; bank supervisory authorities; due diligence; integrity standards; foreign exchange market; banking crisis; banking customers; banking laws; adequate oversight; interbank market; legal entities; bank activities; banking systems; professional secrecy; bank group; banking system assets; bank capital; asset classification; bank policy; regulatory authorities; supervisory approach; development banking; bank of greece; bank supervisor; bank credit; banking assets; banking practices; retail banking; bank secrecy; bank assets; foreign authorities; bank consolidation; capital base; share capital; market infrastructure; bankers; reputational risks; bank of slovenia; international standards;

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    1. Claessens, Stijn & Demirguc-Kunt, Asli & Huizinga, Harry, 1998. "How does foreign entry affect the domestic banking market?," Policy Research Working Paper Series 1918, The World Bank.
    2. Gianni De Nicoló & M. G. Zephirin & Philip F. Bartholomew & Jahanara Zaman, 2003. "Bank Consolidation, Internationalization and Conglomeration," IMF Working Papers 03/158, International Monetary Fund.
    3. Mishkin, Frederic S., 2001. "Financial policies and the prevention of financial crises in emerging market economies," Policy Research Working Paper Series 2683, The World Bank.
    4. Bank for International Settlements, 2001. "The banking industry in the emerging market economies: competition, consolidation and systemic stability," BIS Papers, Bank for International Settlements, Bank for International Settlements, number 04, 8.
    5. Buch, Claudia M., 1996. "Opening up for foreign banks: Why Central and Eastern Europe can benefit," Kiel Working Papers 763, Kiel Institute for the World Economy.
    6. Brealey, R. A. & Kaplanis, E. C., 1996. "The determination of foreign banking location," Journal of International Money and Finance, Elsevier, Elsevier, vol. 15(4), pages 577-597, August.
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    Cited by:
    1. Mario Tonveronachi, 2007. "Implications of Basel II for financial stability. Clouds are darker for developing countries," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, Banca Nazionale del Lavoro, vol. 60(241), pages 111-135.
    2. Dubravko Mihaljek, 2006. "Privatisation, consolidation and the increased role of foreign banks," BIS Papers chapters, Bank for International Settlements, in: Bank for International Settlements (ed.), The banking system in emerging economies: how much progress has been made?, volume 28, pages 41-65 Bank for International Settlements.
    3. Mario Tonveronachi, 2009. "Implications of Basel II for financial stability. Clouds are darker for developing countries," PSL Quarterly Review, Economia civile, Economia civile, vol. 62(248-251), pages 117-142.
    4. Grigol, Modebadze, 2011. "Foreign Investment Effects on the Banking Sector in Georgia," MPRA Paper 32897, University Library of Munich, Germany.
    5. Mario Tonveronachi, 2007. "Implications of Basel II for financial stability. Clouds are darker for developing countries," BNL Quarterly Review, Banca Nazionale del Lavoro, Banca Nazionale del Lavoro, vol. 60(241), pages 111-135.

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