Challenges for Resolution of Banks in Sub-Saharan Africa
While the recent global financial crisis has affected many developed countries, it has had less impact in Africa. Nevertheless, the lessons learned from this crisis are relevant for African countries, especially because banking groups with a head o...
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| Format: | Working Paper |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/831841559224344631/Challenges-for-Resolution-of-Banks-in-Sub-Saharan-Africa http://hdl.handle.net/10986/31764 |
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okr-10986-317642021-05-25T09:24:12Z Challenges for Resolution of Banks in Sub-Saharan Africa Barend Jansen, Jan FINANCIAL OVERSIGHT BANKING RESOLUTION FINANCIAL CRISIS BANK RESOLUTION FRAMEWORK ACCOUNTING BANK SUPERVISION DISCLOSURE LEGAL FRAMEWORK While the recent global financial crisis has affected many developed countries, it has had less impact in Africa. Nevertheless, the lessons learned from this crisis are relevant for African countries, especially because banking groups with a head office in Africa have grown rapidly and these groups are systemically present in many of their African host countries. As macroeconomic conditions have deteriorated in many Sub-Saharan African countries in the last two years, the question arises whether the regulatory framework for the financial systems of these countries is strong enough to face a serious financial crisis in the future. This paper highlights the twelve essential characteristics of effective resolution regimes for financial institutions, as provided by the Key Attributes. These features should be integrated in the national resolution frameworks for financial institutions and tailored to the local circumstances and legal traditions. For each feature, the paper maps the challenges for introducing them in resolution regimes for banks in the Sub-Saharan African region. 2019-05-31T21:24:20Z 2019-05-31T21:24:20Z 2019-05 Working Paper http://documents.worldbank.org/curated/en/831841559224344631/Challenges-for-Resolution-of-Banks-in-Sub-Saharan-Africa http://hdl.handle.net/10986/31764 English Finance, Competitiveness, and Innovation Insight; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Africa Sub-Saharan Africa |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
FINANCIAL OVERSIGHT BANKING RESOLUTION FINANCIAL CRISIS BANK RESOLUTION FRAMEWORK ACCOUNTING BANK SUPERVISION DISCLOSURE LEGAL FRAMEWORK |
| spellingShingle |
FINANCIAL OVERSIGHT BANKING RESOLUTION FINANCIAL CRISIS BANK RESOLUTION FRAMEWORK ACCOUNTING BANK SUPERVISION DISCLOSURE LEGAL FRAMEWORK Barend Jansen, Jan Challenges for Resolution of Banks in Sub-Saharan Africa |
| geographic_facet |
Africa Sub-Saharan Africa |
| relation |
Finance, Competitiveness, and Innovation Insight; |
| description |
While the recent global financial crisis
has affected many developed countries, it has had less
impact in Africa. Nevertheless, the lessons learned from
this crisis are relevant for African countries, especially
because banking groups with a head office in Africa have
grown rapidly and these groups are systemically present in
many of their African host countries. As macroeconomic
conditions have deteriorated in many Sub-Saharan African
countries in the last two years, the question arises whether
the regulatory framework for the financial systems of these
countries is strong enough to face a serious financial
crisis in the future. This paper highlights the twelve
essential characteristics of effective resolution regimes
for financial institutions, as provided by the Key
Attributes. These features should be integrated in the
national resolution frameworks for financial institutions
and tailored to the local circumstances and legal
traditions. For each feature, the paper maps the challenges
for introducing them in resolution regimes for banks in the
Sub-Saharan African region. |
| format |
Working Paper |
| author |
Barend Jansen, Jan |
| author_facet |
Barend Jansen, Jan |
| author_sort |
Barend Jansen, Jan |
| title |
Challenges for Resolution of Banks in Sub-Saharan Africa |
| title_short |
Challenges for Resolution of Banks in Sub-Saharan Africa |
| title_full |
Challenges for Resolution of Banks in Sub-Saharan Africa |
| title_fullStr |
Challenges for Resolution of Banks in Sub-Saharan Africa |
| title_full_unstemmed |
Challenges for Resolution of Banks in Sub-Saharan Africa |
| title_sort |
challenges for resolution of banks in sub-saharan africa |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/831841559224344631/Challenges-for-Resolution-of-Banks-in-Sub-Saharan-Africa http://hdl.handle.net/10986/31764 |
| _version_ |
1764475034016940032 |