Bank Regulation and Supervision around the World : A Crisis Update
This paper presents the latest update of the World Bank Bank Regulation and Supervision Survey, and explores two questions. First, were there significant differences in regulation and supervision between crisis and non-crisis countries? Second, wha...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2012/12/17039335/bank-regulation-supervision-around-world-crisis-update http://hdl.handle.net/10986/12159 |
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okr-10986-12159 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING STANDARDS ADVANCED COUNTRIES ADVANCED ECONOMIES AFFILIATES ASSET CLASSIFICATION ASSET DIVERSIFICATION ASSET SALES AUDITING AUDITS BALANCE SHEET BALANCE SHEETS BANK ACTIVITIES BANK BRANCHES BANK CAPITALIZATION BANK DEBT BANK DEBTS BANK EXAMINATION BANK HOLDING BANK HOLDING COMPANIES BANK INSOLVENCY BANK INSOLVENCY FRAMEWORK BANK MANAGEMENT BANK OFFICE BANK OPERATIONS BANK REGULATION BANK REGULATIONS BANK RISKS BANK SUPERVISION BANKING CRISES BANKING CRISIS BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEM ASSETS BANKRUPTCY BANKS BONDS BORROWER BUSINESS STRATEGY CAPITAL ADEQUACY CAPITAL RATIO CAPITAL RATIOS CAPITAL REGULATION CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CENTRAL BANK CENTRAL BANKS COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL PAPER CONFLICT OF INTEREST CONSOLIDATED SUPERVISION CONSOLIDATION CONSUMER LENDING CONSUMER PROTECTION CREDIT MARKETS CREDIT RATING CREDIT RATINGS CREDIT RISK CRISIS COUNTRIES DEBT DEBT CAPITAL DEBT INSTRUMENTS DEBTS DEDUCTIBLE DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE AGENCY DEPOSIT INSURANCE COVERAGE DEPOSIT INSURANCE SCHEME DEPOSIT INSURANCE SCHEMES DEPOSIT PROTECTION DEPOSITOR DEPOSITORS DEVELOPING COUNTRIES DEVELOPING ECONOMIES DISBURSEMENT DISCLOSURE REQUIREMENTS DIVIDENDS DOMESTIC BANK DOMESTIC BANKS ECONOMIC POLICY EDUCATIONAL BACKGROUND EMERGING MARKETS ENFORCEMENT POWERS ENTRY REQUIREMENTS EQUALITY EQUITY CAPITAL EQUITY INVESTMENT EXPLICIT DEPOSIT INSURANCE EXPOSURE EXPOSURES EXTERNAL AUDITORS EXTERNAL CREDIT RATINGS FAILURE RESOLUTION FINANCIAL ACCOUNTS FINANCIAL CAPACITY FINANCIAL CONGLOMERATE FINANCIAL CONGLOMERATES FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL POLICIES FINANCIAL REGULATION FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FOREIGN BANK FOREIGN BANKS FOREIGN BORROWERS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN CURRENCY DEPOSITS FUNDING SOURCES GLOBAL ECONOMICS GOOD FAITH GOVERNMENT INTERVENTION GOVERNMENT OWNERSHIP GOVERNMENT OWNERSHIP OF BANKS GOVERNMENT SECURITIES GOVERNMENT SUPPORT GUARANTEE OF DEPOSITS HOLDING HOLDING COMPANIES HOLDING COMPANY INCOME INCOME CATEGORIES INCOME GROUPS INCOME STATEMENT INDIVIDUAL BANKS INFORMATION DISCLOSURE INSURANCE ACTIVITIES INSURANCE AGENCY INSURANCE COMPANY INSURANCE PROTECTION INSURED DEPOSITS INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTMENT BANKING ISSUANCE ISSUANCE OF BONDS JOINT VENTURE JOINT VENTURES JURISDICTION JURISDICTIONS LAWS LEGAL ACTION LEGAL ACTIONS LEGAL AUTHORITY LEGAL PROTECTION LEGISLATION LEVERAGE LIQUID ASSETS LIQUIDATION LIQUIDATION PROCEDURES LIQUIDITY LIQUIDITY MANAGEMENT LOAN LOAN LOSSES MANDATES MARKET ACCESS MATURITY NON-PERFORMING LOANS OUTPUT PRINCIPAL PAYMENTS PRIVATE SECTOR DEVELOPMENT PRUDENTIAL REGULATION PUBLIC DISCLOSURE REAL ESTATE REGULATOR REGULATORS REGULATORY CAPITAL REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY REQUIREMENT REGULATORY REQUIREMENTS REGULATORY TREATMENT RESERVE RESERVE REQUIREMENTS RESERVES RESTORATION RESTORATION PLAN RESTRICTIONS ON BANK ACTIVITIES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE SAVINGS SECURITIES ACTIVITIES SHARE OF ASSETS SHAREHOLDER SHAREHOLDERS SOURCE OF FUNDS SUBSIDIARIES SUBSIDIARY SUPERVISION OF BANKS SUPERVISORY AGENCIES SUPERVISORY AGENCY SUPERVISORY FRAMEWORK SUPERVISORY POWERS SYSTEMIC BANKING CRISES SYSTEMIC BANKING CRISIS SYSTEMIC CRISIS TAX TAX DEDUCTIBLE TIER 1 CAPITAL TRANSACTION WORLD ECONOMY |
| spellingShingle |
ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING STANDARDS ADVANCED COUNTRIES ADVANCED ECONOMIES AFFILIATES ASSET CLASSIFICATION ASSET DIVERSIFICATION ASSET SALES AUDITING AUDITS BALANCE SHEET BALANCE SHEETS BANK ACTIVITIES BANK BRANCHES BANK CAPITALIZATION BANK DEBT BANK DEBTS BANK EXAMINATION BANK HOLDING BANK HOLDING COMPANIES BANK INSOLVENCY BANK INSOLVENCY FRAMEWORK BANK MANAGEMENT BANK OFFICE BANK OPERATIONS BANK REGULATION BANK REGULATIONS BANK RISKS BANK SUPERVISION BANKING CRISES BANKING CRISIS BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEM ASSETS BANKRUPTCY BANKS BONDS BORROWER BUSINESS STRATEGY CAPITAL ADEQUACY CAPITAL RATIO CAPITAL RATIOS CAPITAL REGULATION CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CENTRAL BANK CENTRAL BANKS COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL PAPER CONFLICT OF INTEREST CONSOLIDATED SUPERVISION CONSOLIDATION CONSUMER LENDING CONSUMER PROTECTION CREDIT MARKETS CREDIT RATING CREDIT RATINGS CREDIT RISK CRISIS COUNTRIES DEBT DEBT CAPITAL DEBT INSTRUMENTS DEBTS DEDUCTIBLE DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE AGENCY DEPOSIT INSURANCE COVERAGE DEPOSIT INSURANCE SCHEME DEPOSIT INSURANCE SCHEMES DEPOSIT PROTECTION DEPOSITOR DEPOSITORS DEVELOPING COUNTRIES DEVELOPING ECONOMIES DISBURSEMENT DISCLOSURE REQUIREMENTS DIVIDENDS DOMESTIC BANK DOMESTIC BANKS ECONOMIC POLICY EDUCATIONAL BACKGROUND EMERGING MARKETS ENFORCEMENT POWERS ENTRY REQUIREMENTS EQUALITY EQUITY CAPITAL EQUITY INVESTMENT EXPLICIT DEPOSIT INSURANCE EXPOSURE EXPOSURES EXTERNAL AUDITORS EXTERNAL CREDIT RATINGS FAILURE RESOLUTION FINANCIAL ACCOUNTS FINANCIAL CAPACITY FINANCIAL CONGLOMERATE FINANCIAL CONGLOMERATES FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL POLICIES FINANCIAL REGULATION FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FOREIGN BANK FOREIGN BANKS FOREIGN BORROWERS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN CURRENCY DEPOSITS FUNDING SOURCES GLOBAL ECONOMICS GOOD FAITH GOVERNMENT INTERVENTION GOVERNMENT OWNERSHIP GOVERNMENT OWNERSHIP OF BANKS GOVERNMENT SECURITIES GOVERNMENT SUPPORT GUARANTEE OF DEPOSITS HOLDING HOLDING COMPANIES HOLDING COMPANY INCOME INCOME CATEGORIES INCOME GROUPS INCOME STATEMENT INDIVIDUAL BANKS INFORMATION DISCLOSURE INSURANCE ACTIVITIES INSURANCE AGENCY INSURANCE COMPANY INSURANCE PROTECTION INSURED DEPOSITS INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTMENT BANKING ISSUANCE ISSUANCE OF BONDS JOINT VENTURE JOINT VENTURES JURISDICTION JURISDICTIONS LAWS LEGAL ACTION LEGAL ACTIONS LEGAL AUTHORITY LEGAL PROTECTION LEGISLATION LEVERAGE LIQUID ASSETS LIQUIDATION LIQUIDATION PROCEDURES LIQUIDITY LIQUIDITY MANAGEMENT LOAN LOAN LOSSES MANDATES MARKET ACCESS MATURITY NON-PERFORMING LOANS OUTPUT PRINCIPAL PAYMENTS PRIVATE SECTOR DEVELOPMENT PRUDENTIAL REGULATION PUBLIC DISCLOSURE REAL ESTATE REGULATOR REGULATORS REGULATORY CAPITAL REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY REQUIREMENT REGULATORY REQUIREMENTS REGULATORY TREATMENT RESERVE RESERVE REQUIREMENTS RESERVES RESTORATION RESTORATION PLAN RESTRICTIONS ON BANK ACTIVITIES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE SAVINGS SECURITIES ACTIVITIES SHARE OF ASSETS SHAREHOLDER SHAREHOLDERS SOURCE OF FUNDS SUBSIDIARIES SUBSIDIARY SUPERVISION OF BANKS SUPERVISORY AGENCIES SUPERVISORY AGENCY SUPERVISORY FRAMEWORK SUPERVISORY POWERS SYSTEMIC BANKING CRISES SYSTEMIC BANKING CRISIS SYSTEMIC CRISIS TAX TAX DEDUCTIBLE TIER 1 CAPITAL TRANSACTION WORLD ECONOMY Čihák, Martin Demirgüç-Kunt, Aslı Pería, María Soledad Martinez Mohseni-Cheraghlou, Amin Bank Regulation and Supervision around the World : A Crisis Update |
| relation |
Policy Research Working Paper; No. 6286 |
| description |
This paper presents the latest update of
the World Bank Bank Regulation and Supervision Survey, and
explores two questions. First, were there significant
differences in regulation and supervision between crisis and
non-crisis countries? Second, what aspects of regulation and
supervision changed significantly during the crisis period?
The paper finds significant differences between crisis and
non-crisis countries in several aspects of regulation and
supervision. In particular, crisis countries (a) had less
stringent definitions of capital and lower actual capital
ratios, (b) faced fewer restrictions on non-bank activities,
(c) were less strict in the regulatory treatment of bad
loans and loan losses, and (d) had weaker incentives for the
private sector to monitor banks' risks. Survey results
also suggest that the overall regulatory response to the
crisis has been slow, and there is room to improve
regulation and supervision, as well as private incentives to
monitor risk-taking. Specifically, comparing regulatory and
supervisory practices before and after the global crisis,
the paper finds relatively few changes: capital ratios
increased (primarily among non-crisis countries), deposit
insurance schemes became more generous, and some reforms
were introduced in the area of bank governance and bank resolution. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Čihák, Martin Demirgüç-Kunt, Aslı Pería, María Soledad Martinez Mohseni-Cheraghlou, Amin |
| author_facet |
Čihák, Martin Demirgüç-Kunt, Aslı Pería, María Soledad Martinez Mohseni-Cheraghlou, Amin |
| author_sort |
Čihák, Martin |
| title |
Bank Regulation and Supervision around the World : A Crisis Update |
| title_short |
Bank Regulation and Supervision around the World : A Crisis Update |
| title_full |
Bank Regulation and Supervision around the World : A Crisis Update |
| title_fullStr |
Bank Regulation and Supervision around the World : A Crisis Update |
| title_full_unstemmed |
Bank Regulation and Supervision around the World : A Crisis Update |
| title_sort |
bank regulation and supervision around the world : a crisis update |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2012/12/17039335/bank-regulation-supervision-around-world-crisis-update http://hdl.handle.net/10986/12159 |
| _version_ |
1764422085075009536 |
| spelling |
okr-10986-121592021-04-23T14:03:05Z Bank Regulation and Supervision around the World : A Crisis Update Čihák, Martin Demirgüç-Kunt, Aslı Pería, María Soledad Martinez Mohseni-Cheraghlou, Amin ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING STANDARDS ADVANCED COUNTRIES ADVANCED ECONOMIES AFFILIATES ASSET CLASSIFICATION ASSET DIVERSIFICATION ASSET SALES AUDITING AUDITS BALANCE SHEET BALANCE SHEETS BANK ACTIVITIES BANK BRANCHES BANK CAPITALIZATION BANK DEBT BANK DEBTS BANK EXAMINATION BANK HOLDING BANK HOLDING COMPANIES BANK INSOLVENCY BANK INSOLVENCY FRAMEWORK BANK MANAGEMENT BANK OFFICE BANK OPERATIONS BANK REGULATION BANK REGULATIONS BANK RISKS BANK SUPERVISION BANKING CRISES BANKING CRISIS BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEM ASSETS BANKRUPTCY BANKS BONDS BORROWER BUSINESS STRATEGY CAPITAL ADEQUACY CAPITAL RATIO CAPITAL RATIOS CAPITAL REGULATION CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CENTRAL BANK CENTRAL BANKS COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL PAPER CONFLICT OF INTEREST CONSOLIDATED SUPERVISION CONSOLIDATION CONSUMER LENDING CONSUMER PROTECTION CREDIT MARKETS CREDIT RATING CREDIT RATINGS CREDIT RISK CRISIS COUNTRIES DEBT DEBT CAPITAL DEBT INSTRUMENTS DEBTS DEDUCTIBLE DEPOSIT DEPOSIT INSURANCE DEPOSIT INSURANCE AGENCY DEPOSIT INSURANCE COVERAGE DEPOSIT INSURANCE SCHEME DEPOSIT INSURANCE SCHEMES DEPOSIT PROTECTION DEPOSITOR DEPOSITORS DEVELOPING COUNTRIES DEVELOPING ECONOMIES DISBURSEMENT DISCLOSURE REQUIREMENTS DIVIDENDS DOMESTIC BANK DOMESTIC BANKS ECONOMIC POLICY EDUCATIONAL BACKGROUND EMERGING MARKETS ENFORCEMENT POWERS ENTRY REQUIREMENTS EQUALITY EQUITY CAPITAL EQUITY INVESTMENT EXPLICIT DEPOSIT INSURANCE EXPOSURE EXPOSURES EXTERNAL AUDITORS EXTERNAL CREDIT RATINGS FAILURE RESOLUTION FINANCIAL ACCOUNTS FINANCIAL CAPACITY FINANCIAL CONGLOMERATE FINANCIAL CONGLOMERATES FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL POLICIES FINANCIAL REGULATION FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FOREIGN BANK FOREIGN BANKS FOREIGN BORROWERS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN CURRENCY DEPOSITS FUNDING SOURCES GLOBAL ECONOMICS GOOD FAITH GOVERNMENT INTERVENTION GOVERNMENT OWNERSHIP GOVERNMENT OWNERSHIP OF BANKS GOVERNMENT SECURITIES GOVERNMENT SUPPORT GUARANTEE OF DEPOSITS HOLDING HOLDING COMPANIES HOLDING COMPANY INCOME INCOME CATEGORIES INCOME GROUPS INCOME STATEMENT INDIVIDUAL BANKS INFORMATION DISCLOSURE INSURANCE ACTIVITIES INSURANCE AGENCY INSURANCE COMPANY INSURANCE PROTECTION INSURED DEPOSITS INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTMENT BANKING ISSUANCE ISSUANCE OF BONDS JOINT VENTURE JOINT VENTURES JURISDICTION JURISDICTIONS LAWS LEGAL ACTION LEGAL ACTIONS LEGAL AUTHORITY LEGAL PROTECTION LEGISLATION LEVERAGE LIQUID ASSETS LIQUIDATION LIQUIDATION PROCEDURES LIQUIDITY LIQUIDITY MANAGEMENT LOAN LOAN LOSSES MANDATES MARKET ACCESS MATURITY NON-PERFORMING LOANS OUTPUT PRINCIPAL PAYMENTS PRIVATE SECTOR DEVELOPMENT PRUDENTIAL REGULATION PUBLIC DISCLOSURE REAL ESTATE REGULATOR REGULATORS REGULATORY CAPITAL REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY REQUIREMENT REGULATORY REQUIREMENTS REGULATORY TREATMENT RESERVE RESERVE REQUIREMENTS RESERVES RESTORATION RESTORATION PLAN RESTRICTIONS ON BANK ACTIVITIES RISK MANAGEMENT RISK MANAGEMENT SYSTEMS RISK PROFILE SAVINGS SECURITIES ACTIVITIES SHARE OF ASSETS SHAREHOLDER SHAREHOLDERS SOURCE OF FUNDS SUBSIDIARIES SUBSIDIARY SUPERVISION OF BANKS SUPERVISORY AGENCIES SUPERVISORY AGENCY SUPERVISORY FRAMEWORK SUPERVISORY POWERS SYSTEMIC BANKING CRISES SYSTEMIC BANKING CRISIS SYSTEMIC CRISIS TAX TAX DEDUCTIBLE TIER 1 CAPITAL TRANSACTION WORLD ECONOMY This paper presents the latest update of the World Bank Bank Regulation and Supervision Survey, and explores two questions. First, were there significant differences in regulation and supervision between crisis and non-crisis countries? Second, what aspects of regulation and supervision changed significantly during the crisis period? The paper finds significant differences between crisis and non-crisis countries in several aspects of regulation and supervision. In particular, crisis countries (a) had less stringent definitions of capital and lower actual capital ratios, (b) faced fewer restrictions on non-bank activities, (c) were less strict in the regulatory treatment of bad loans and loan losses, and (d) had weaker incentives for the private sector to monitor banks' risks. Survey results also suggest that the overall regulatory response to the crisis has been slow, and there is room to improve regulation and supervision, as well as private incentives to monitor risk-taking. Specifically, comparing regulatory and supervisory practices before and after the global crisis, the paper finds relatively few changes: capital ratios increased (primarily among non-crisis countries), deposit insurance schemes became more generous, and some reforms were introduced in the area of bank governance and bank resolution. 2013-01-25T22:11:01Z 2013-01-25T22:11:01Z 2012-12 http://documents.worldbank.org/curated/en/2012/12/17039335/bank-regulation-supervision-around-world-crisis-update http://hdl.handle.net/10986/12159 English en_US Policy Research Working Paper; No. 6286 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |