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Creating a Safer Financial System : Will the Volcker, Vickers, and Liikanen Structural Measures Help? / José Vinãls, Ceyla Pazarbasioglu, Jay Surti, Aditya Narain, Michaela Erbenova, Julian Chow.
- Format:
- Book
- Government document
- Author/Creator:
- Vinãls, José.
- Series:
- Staff Discussion Notes; Staff Discussion Notes ; No. 2013/004
- Staff Discussion Notes
- Language:
- English
- Physical Description:
- 1 online resource (27 p.)
- Other Title:
- Creating a safer financial system
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2013.
- Summary:
- The U.S., the U.K., and more recently, the E.U., have proposed policy measures directly targeting complexity and business structures of banks. Unlike other, price-based reforms (e.g., Basel 3 and G-SIFI surcharges), these proposals have been developed unilaterally with material differences in scope, design and implementation schedules. This may exacerbate cross-border regulatory arbitrage and put a further burden on consolidated supervision and cross-border resolution. This paper provides an analysis of the potential implications of implementing different structural policy measures. It proposes a pragmatic and coordinated approach to development of these policies to reduce risk of regulatory arbitrage and minimize unintended consequences. In doing so, it also aims to identify a set of common policy measures that countries could adopt to re-scope bank business models and corporate structures.
- Notes:
- Description based on print version record.
- ISBN:
- 9781484378557
- 1484378555
- 9781484345528
- 1484345525
- 9781484319765
- 1484319761
- 9781484340943
- 1484340949
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