The Development and Regulation of Non-Bank Financial Institutions

Non-bank financial institutions (NBFIs) are becoming an increasingly important segment of the financial system in some developing countries. This book aims to create awareness of the promise of NBFIs for developing countries and to assist policymak...

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Main Authors:	Carmichael, Jeffrey, Pomerleano, Michael
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank 2013
Subjects:	NON-BANK FINANCIAL INSTITUTIONS REGULATORY FRAMEWORK CONTRACTUAL SAVINGS REGULATORY STRUCTURE INSURANCE COMPANIES SECURITIES MARKETS LEASING ARRANGEMENTS MORTGAGES REAL ESTATE BUSINESS ACCOUNTABILITY ACCOUNTING ACTUARIES AFFILIATES ANNUITIES ANNUITY ARBITRAGE ASSET MANAGEMENT ASYMMETRIC INFORMATION BALANCE SHEET BANKS BOND MARKETS BONDS BROKERS BUILDING SOCIETIES CAPITAL MARKETS CAPITAL REQUIREMENTS CASUALTY INSURANCE COMMON STOCK CONCEPTUAL FRAMEWORK CONTINGENT LIABILITIES CONTRACTUAL SAVINGS INSTITUTIONS CORPORATE GOVERNANCE COVERAGE CREDIT UNIONS DEBT DEFAULT RISK DEFICITS DEPOSITORS DEPOSITS DERIVATIVES DISASTERS ECONOMIC FACTORS ECONOMIC GROWTH ECONOMIC RISKS ECONOMICS ECONOMIES OF SCALE EMERGING MARKETS EMPIRICAL EVIDENCE EMPLOYMENT EQUITY MARKETS FACE VALUE FEDERAL RESERVE SYSTEM FIDUCIARY FIDUCIARY DUTIES FINANCIAL CONGLOMERATES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIARY DEVELOPMENT FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL RESOURCES FINANCIAL SERVICES FINANCIAL SUPERVISION FINANCIAL SYSTEMS FIXED PREMIUMS FUTURES GENERAL INSURANCE HEDGE FUNDS HOUSING HOUSING FINANCE INCOME INSPECTIONS INSURANCE INSURANCE CONTRACTS INSURANCE POLICIES INSURED RISKS INSURERS INTERNAL CONTROLS INTERNATIONAL FINANCE INVENTORIES INVESTMENT BANKS INVESTMENT PRODUCTS LAWS LEASED ASSETS LEGAL FRAMEWORK LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUIDATION LIQUIDITY MANDATES MARKET PRICES MARKET VALUE MICROFINANCE MORAL HAZARD MUTUAL FUNDS NEGOTIABLE INSTRUMENTS NON-LIFE INSURANCE NONBANK FINANCIAL INSTITUTIONS OFFERINGS PENSION FUNDS PENSION PLANS PENSIONS PORTFOLIOS PREMIUMS PROGRAMS PROPERTY INSURANCE PROPERTY OWNERSHIP PURCHASING POWER RATING AGENCIES REAL ESTATE FINANCE REGULATORY OBJECTIVES RESERVE BANK OF AUSTRALIA RESOURCE ALLOCATION RETIREMENT SAVINGS SECURITIES SETTLEMENT SYSTEMS SOCIAL SECURITY SOLVENCY SYSTEMIC INSTABILITY TAXATION TECHNICAL ASSISTANCE TRADING SYSTEMS TRANSPARENCY UNDERWRITING UNEMPLOYMENT UNEMPLOYMENT INSURANCE
Online Access:	http://documents.worldbank.org/curated/en/2002/03/2014508/development-regulation-non-bank-financial-institutions http://hdl.handle.net/10986/15236

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recordtype	oai_dc
spelling	okr-10986-152362021-04-23T14:03:11Z The Development and Regulation of Non-Bank Financial Institutions Carmichael, Jeffrey Pomerleano, Michael NON-BANK FINANCIAL INSTITUTIONS REGULATORY FRAMEWORK CONTRACTUAL SAVINGS REGULATORY STRUCTURE INSURANCE COMPANIES SECURITIES MARKETS LEASING ARRANGEMENTS MORTGAGES REAL ESTATE BUSINESS ACCOUNTABILITY ACCOUNTING ACTUARIES AFFILIATES ANNUITIES ANNUITY ARBITRAGE ASSET MANAGEMENT ASYMMETRIC INFORMATION BALANCE SHEET BANKS BOND MARKETS BONDS BROKERS BUILDING SOCIETIES CAPITAL MARKETS CAPITAL REQUIREMENTS CASUALTY INSURANCE COMMON STOCK CONCEPTUAL FRAMEWORK CONTINGENT LIABILITIES CONTRACTUAL SAVINGS CONTRACTUAL SAVINGS INSTITUTIONS CORPORATE GOVERNANCE COVERAGE CREDIT UNIONS DEBT DEFAULT RISK DEFICITS DEPOSITORS DEPOSITS DERIVATIVES DISASTERS ECONOMIC FACTORS ECONOMIC GROWTH ECONOMIC RISKS ECONOMICS ECONOMIES OF SCALE EMERGING MARKETS EMPIRICAL EVIDENCE EMPLOYMENT EQUITY MARKETS FACE VALUE FEDERAL RESERVE SYSTEM FIDUCIARY FIDUCIARY DUTIES FINANCIAL CONGLOMERATES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIARY DEVELOPMENT FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL RESOURCES FINANCIAL SERVICES FINANCIAL SUPERVISION FINANCIAL SYSTEMS FIXED PREMIUMS FUTURES GENERAL INSURANCE HEDGE FUNDS HOUSING HOUSING FINANCE INCOME INSPECTIONS INSURANCE INSURANCE COMPANIES INSURANCE CONTRACTS INSURANCE POLICIES INSURED RISKS INSURERS INTERNAL CONTROLS INTERNATIONAL FINANCE INVENTORIES INVESTMENT BANKS INVESTMENT PRODUCTS LAWS LEASED ASSETS LEGAL FRAMEWORK LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUIDATION LIQUIDITY MANDATES MARKET PRICES MARKET VALUE MICROFINANCE MORAL HAZARD MORTGAGES MUTUAL FUNDS NEGOTIABLE INSTRUMENTS NON-LIFE INSURANCE NONBANK FINANCIAL INSTITUTIONS OFFERINGS PENSION FUNDS PENSION PLANS PENSIONS PORTFOLIOS PREMIUMS PROGRAMS PROPERTY INSURANCE PROPERTY OWNERSHIP PURCHASING POWER RATING AGENCIES REAL ESTATE FINANCE REGULATORY OBJECTIVES RESERVE BANK OF AUSTRALIA RESOURCE ALLOCATION RETIREMENT SAVINGS SECURITIES SECURITIES MARKETS SETTLEMENT SYSTEMS SOCIAL SECURITY SOLVENCY SYSTEMIC INSTABILITY TAXATION TECHNICAL ASSISTANCE TRADING SYSTEMS TRANSPARENCY UNDERWRITING UNEMPLOYMENT UNEMPLOYMENT INSURANCE Non-bank financial institutions (NBFIs) are becoming an increasingly important segment of the financial system in some developing countries. This book aims to create awareness of the promise of NBFIs for developing countries and to assist policymakers in creating a coherent policy structure and a sound regulatory and supervisory environment for their development. The first chapter offers a coherent policy framework for addressing the regulation of NBFIs and the second chapter addresses the principles for regulation. Subsequent chapters provide an overview of the insurance industry, mutual funds and pension schemes, leasing and real estate companies, and securities markets, and discusses the specific regulatory framework for these institutions. The final chapter explores development policy challenges confronting emerging markets. 2013-08-20T21:06:03Z 2013-08-20T21:06:03Z 2002-03 http://documents.worldbank.org/curated/en/2002/03/2014508/development-regulation-non-bank-financial-institutions 0-8213-4839-6 http://hdl.handle.net/10986/15236 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	NON-BANK FINANCIAL INSTITUTIONS REGULATORY FRAMEWORK CONTRACTUAL SAVINGS REGULATORY STRUCTURE INSURANCE COMPANIES SECURITIES MARKETS LEASING ARRANGEMENTS MORTGAGES REAL ESTATE BUSINESS ACCOUNTABILITY ACCOUNTING ACTUARIES AFFILIATES ANNUITIES ANNUITY ARBITRAGE ASSET MANAGEMENT ASYMMETRIC INFORMATION BALANCE SHEET BANKS BOND MARKETS BONDS BROKERS BUILDING SOCIETIES CAPITAL MARKETS CAPITAL REQUIREMENTS CASUALTY INSURANCE COMMON STOCK CONCEPTUAL FRAMEWORK CONTINGENT LIABILITIES CONTRACTUAL SAVINGS CONTRACTUAL SAVINGS INSTITUTIONS CORPORATE GOVERNANCE COVERAGE CREDIT UNIONS DEBT DEFAULT RISK DEFICITS DEPOSITORS DEPOSITS DERIVATIVES DISASTERS ECONOMIC FACTORS ECONOMIC GROWTH ECONOMIC RISKS ECONOMICS ECONOMIES OF SCALE EMERGING MARKETS EMPIRICAL EVIDENCE EMPLOYMENT EQUITY MARKETS FACE VALUE FEDERAL RESERVE SYSTEM FIDUCIARY FIDUCIARY DUTIES FINANCIAL CONGLOMERATES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIARY DEVELOPMENT FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL RESOURCES FINANCIAL SERVICES FINANCIAL SUPERVISION FINANCIAL SYSTEMS FIXED PREMIUMS FUTURES GENERAL INSURANCE HEDGE FUNDS HOUSING HOUSING FINANCE INCOME INSPECTIONS INSURANCE INSURANCE COMPANIES INSURANCE CONTRACTS INSURANCE POLICIES INSURED RISKS INSURERS INTERNAL CONTROLS INTERNATIONAL FINANCE INVENTORIES INVESTMENT BANKS INVESTMENT PRODUCTS LAWS LEASED ASSETS LEGAL FRAMEWORK LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUIDATION LIQUIDITY MANDATES MARKET PRICES MARKET VALUE MICROFINANCE MORAL HAZARD MORTGAGES MUTUAL FUNDS NEGOTIABLE INSTRUMENTS NON-LIFE INSURANCE NONBANK FINANCIAL INSTITUTIONS OFFERINGS PENSION FUNDS PENSION PLANS PENSIONS PORTFOLIOS PREMIUMS PROGRAMS PROPERTY INSURANCE PROPERTY OWNERSHIP PURCHASING POWER RATING AGENCIES REAL ESTATE FINANCE REGULATORY OBJECTIVES RESERVE BANK OF AUSTRALIA RESOURCE ALLOCATION RETIREMENT SAVINGS SECURITIES SECURITIES MARKETS SETTLEMENT SYSTEMS SOCIAL SECURITY SOLVENCY SYSTEMIC INSTABILITY TAXATION TECHNICAL ASSISTANCE TRADING SYSTEMS TRANSPARENCY UNDERWRITING UNEMPLOYMENT UNEMPLOYMENT INSURANCE
spellingShingle	NON-BANK FINANCIAL INSTITUTIONS REGULATORY FRAMEWORK CONTRACTUAL SAVINGS REGULATORY STRUCTURE INSURANCE COMPANIES SECURITIES MARKETS LEASING ARRANGEMENTS MORTGAGES REAL ESTATE BUSINESS ACCOUNTABILITY ACCOUNTING ACTUARIES AFFILIATES ANNUITIES ANNUITY ARBITRAGE ASSET MANAGEMENT ASYMMETRIC INFORMATION BALANCE SHEET BANKS BOND MARKETS BONDS BROKERS BUILDING SOCIETIES CAPITAL MARKETS CAPITAL REQUIREMENTS CASUALTY INSURANCE COMMON STOCK CONCEPTUAL FRAMEWORK CONTINGENT LIABILITIES CONTRACTUAL SAVINGS CONTRACTUAL SAVINGS INSTITUTIONS CORPORATE GOVERNANCE COVERAGE CREDIT UNIONS DEBT DEFAULT RISK DEFICITS DEPOSITORS DEPOSITS DERIVATIVES DISASTERS ECONOMIC FACTORS ECONOMIC GROWTH ECONOMIC RISKS ECONOMICS ECONOMIES OF SCALE EMERGING MARKETS EMPIRICAL EVIDENCE EMPLOYMENT EQUITY MARKETS FACE VALUE FEDERAL RESERVE SYSTEM FIDUCIARY FIDUCIARY DUTIES FINANCIAL CONGLOMERATES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIARY DEVELOPMENT FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL RESOURCES FINANCIAL SERVICES FINANCIAL SUPERVISION FINANCIAL SYSTEMS FIXED PREMIUMS FUTURES GENERAL INSURANCE HEDGE FUNDS HOUSING HOUSING FINANCE INCOME INSPECTIONS INSURANCE INSURANCE COMPANIES INSURANCE CONTRACTS INSURANCE POLICIES INSURED RISKS INSURERS INTERNAL CONTROLS INTERNATIONAL FINANCE INVENTORIES INVESTMENT BANKS INVESTMENT PRODUCTS LAWS LEASED ASSETS LEGAL FRAMEWORK LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUIDATION LIQUIDITY MANDATES MARKET PRICES MARKET VALUE MICROFINANCE MORAL HAZARD MORTGAGES MUTUAL FUNDS NEGOTIABLE INSTRUMENTS NON-LIFE INSURANCE NONBANK FINANCIAL INSTITUTIONS OFFERINGS PENSION FUNDS PENSION PLANS PENSIONS PORTFOLIOS PREMIUMS PROGRAMS PROPERTY INSURANCE PROPERTY OWNERSHIP PURCHASING POWER RATING AGENCIES REAL ESTATE FINANCE REGULATORY OBJECTIVES RESERVE BANK OF AUSTRALIA RESOURCE ALLOCATION RETIREMENT SAVINGS SECURITIES SECURITIES MARKETS SETTLEMENT SYSTEMS SOCIAL SECURITY SOLVENCY SYSTEMIC INSTABILITY TAXATION TECHNICAL ASSISTANCE TRADING SYSTEMS TRANSPARENCY UNDERWRITING UNEMPLOYMENT UNEMPLOYMENT INSURANCE Carmichael, Jeffrey Pomerleano, Michael The Development and Regulation of Non-Bank Financial Institutions
description	Non-bank financial institutions (NBFIs) are becoming an increasingly important segment of the financial system in some developing countries. This book aims to create awareness of the promise of NBFIs for developing countries and to assist policymakers in creating a coherent policy structure and a sound regulatory and supervisory environment for their development. The first chapter offers a coherent policy framework for addressing the regulation of NBFIs and the second chapter addresses the principles for regulation. Subsequent chapters provide an overview of the insurance industry, mutual funds and pension schemes, leasing and real estate companies, and securities markets, and discusses the specific regulatory framework for these institutions. The final chapter explores development policy challenges confronting emerging markets.
format	Publications & Research :: Publication
author	Carmichael, Jeffrey Pomerleano, Michael
author_facet	Carmichael, Jeffrey Pomerleano, Michael
author_sort	Carmichael, Jeffrey
title	The Development and Regulation of Non-Bank Financial Institutions
title_short	The Development and Regulation of Non-Bank Financial Institutions
title_full	The Development and Regulation of Non-Bank Financial Institutions
title_fullStr	The Development and Regulation of Non-Bank Financial Institutions
title_full_unstemmed	The Development and Regulation of Non-Bank Financial Institutions
title_sort	development and regulation of non-bank financial institutions
publisher	Washington, DC: World Bank
publishDate	2013
url	http://documents.worldbank.org/curated/en/2002/03/2014508/development-regulation-non-bank-financial-institutions http://hdl.handle.net/10986/15236
_version_	1764425339530903552

The Development and Regulation of Non-Bank Financial Institutions

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