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.

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Year of publication:	2004-05-01
Authors:	Song, Inwon
Institutions:	International Monetary Fund (IMF)
Subject:	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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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series IMF Working Papers Number 04/82 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005253006