Supervision of financial conglomerates : the case of Chile / Constantinos Stephanou.

Format:

Book

Government document

Author/Creator:

Stephanou, Constantinos, 1971-

Contributor:

World Bank.

Series:

Policy research working papers ; 3553.

World Bank e-Library.

Policy research working paper ; 3553

Language:

English

Subjects (All):

Conglomerate corporations--State supervision--Chile.

Conglomerate corporations.

Financial institutions--State supervision--Chile.

Financial institutions.

Other Title:

Policy research working paper vol. 3553

Place of Publication:

[Washington, D.C. : World Bank, 2005]

System Details:

data file

Summary:

"The author describes the presence of financial conglomerates and assesses the extent to which the risks they introduce to the Chilean financial system are mitigated by existing oversight arrangements (and at what cost). In particular, he questions whether the current silo-based supervisory framework, which has served the system fairly well until now, can continue unchanged given growing inter-linkages in the financial system. The author proposes a high-level short- and medium-term supervisory reform agenda that addresses identified vulnerabilities relating to financial conglomerates and continues the migration from a rules-oriented to a risk-based supervisory approach that has gradually been taking place in Chile in recent years. "--World Bank web site.

Notes:

Title from PDF file as viewed on 4/7/2005.

Includes bibliographical references.

Publisher Number:

10.1596/1813-9450-3553