Global Financial Development Report 2019/2020 : Bank Regulation and Supervision a Decade after the Global Financial Crisis

Over a decade has passed since the collapse of the U.S. investment bank Lehman Brothers marked the onset of the largest global economic crisis since the Great Depression. The crisis revealed major shortcomings in market discipline, regulation, and supervision, and reopened important policy debates o...

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Bibliographic Details
Main Author:	World Bank
Format:	Book
Language:	English
Published:	Washington, DC: World Bank 2019
Subjects:	INTERNATIONAL BANKING FINANCIAL INTEGRATION GLOBALIZATION CAPITAL FLOWS ECONOMIC GROWTH BANKING OVERSIGHT MARKET DISCIPLINE FINTECH FINANCIAL TECHNOLOGY BANKING REFORM BANKING SUPERVISION BANKING REGULATION FINANCIAL CRISIS FINANCIAL REGULATION SUPERVISORY CAPACITY
Online Access:	http://documents.worldbank.org/curated/en/513831574784180010/Global-Financial-Development-Report-2019-2020-Bank-Regulation-and-Supervision-a-Decade-after-the-Global-Financial-Crisis http://hdl.handle.net/10986/32595

id	okr-10986-32595
recordtype	oai_dc
spelling	okr-10986-325952021-04-23T14:05:15Z Global Financial Development Report 2019/2020 : Bank Regulation and Supervision a Decade after the Global Financial Crisis World Bank INTERNATIONAL BANKING FINANCIAL INTEGRATION GLOBALIZATION CAPITAL FLOWS ECONOMIC GROWTH BANKING OVERSIGHT MARKET DISCIPLINE FINTECH FINANCIAL TECHNOLOGY BANKING REFORM BANKING SUPERVISION BANKING REGULATION FINANCIAL CRISIS FINANCIAL REGULATION SUPERVISORY CAPACITY Over a decade has passed since the collapse of the U.S. investment bank Lehman Brothers marked the onset of the largest global economic crisis since the Great Depression. The crisis revealed major shortcomings in market discipline, regulation, and supervision, and reopened important policy debates on financial regulation. Since the onset of the crisis, emphasis has been placed on better regulation of banking systems and on enhancing the tools available to supervisory agencies to oversee banks and intervene speedily in case of distress. Drawing on 10 years of data and analysis, the Global Financial Development Report 2019/2020 uncovers new evidence on the regulatory remedies adopted to prevent future financial troubles, and particularly the impact of reforms on market discipline and bank capital. Countries should design and enforce regulations that are appropriate for the institutional environment, strength of market discipline, supervisory capacity, and business models of banks in a given country. Regulations also need to be compatible with incentives, but designing and enforcing such regulations are complex tasks, particularly where sophisticated markets do not exist and institutions are underdeveloped. Globalization and technological change are important trends that make it even more challenging to provide effective oversight of banks. The Global Financial Development Report 2019/2020 is the fifth in a World Bank series. The report also tracks financial systems in more than 200 economies before and during the global financial crisis on an accompanying website (http://www.worldbank.org/en/publication/gfdr) and provides information on how banking systems are regulated and supervised around the world (http://www.worldbank.org/en/research/brief/BRSS). 2019-10-22T15:03:23Z 2019-10-22T15:03:23Z 2020 Book http://documents.worldbank.org/curated/en/513831574784180010/Global-Financial-Development-Report-2019-2020-Bank-Regulation-and-Supervision-a-Decade-after-the-Global-Financial-Crisis 978-1-4648-1447-1 http://hdl.handle.net/10986/32595 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research 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
topic	INTERNATIONAL BANKING FINANCIAL INTEGRATION GLOBALIZATION CAPITAL FLOWS ECONOMIC GROWTH BANKING OVERSIGHT MARKET DISCIPLINE FINTECH FINANCIAL TECHNOLOGY BANKING REFORM BANKING SUPERVISION BANKING REGULATION FINANCIAL CRISIS FINANCIAL REGULATION SUPERVISORY CAPACITY
spellingShingle	INTERNATIONAL BANKING FINANCIAL INTEGRATION GLOBALIZATION CAPITAL FLOWS ECONOMIC GROWTH BANKING OVERSIGHT MARKET DISCIPLINE FINTECH FINANCIAL TECHNOLOGY BANKING REFORM BANKING SUPERVISION BANKING REGULATION FINANCIAL CRISIS FINANCIAL REGULATION SUPERVISORY CAPACITY World Bank Global Financial Development Report 2019/2020 : Bank Regulation and Supervision a Decade after the Global Financial Crisis
description	Over a decade has passed since the collapse of the U.S. investment bank Lehman Brothers marked the onset of the largest global economic crisis since the Great Depression. The crisis revealed major shortcomings in market discipline, regulation, and supervision, and reopened important policy debates on financial regulation. Since the onset of the crisis, emphasis has been placed on better regulation of banking systems and on enhancing the tools available to supervisory agencies to oversee banks and intervene speedily in case of distress. Drawing on 10 years of data and analysis, the Global Financial Development Report 2019/2020 uncovers new evidence on the regulatory remedies adopted to prevent future financial troubles, and particularly the impact of reforms on market discipline and bank capital. Countries should design and enforce regulations that are appropriate for the institutional environment, strength of market discipline, supervisory capacity, and business models of banks in a given country. Regulations also need to be compatible with incentives, but designing and enforcing such regulations are complex tasks, particularly where sophisticated markets do not exist and institutions are underdeveloped. Globalization and technological change are important trends that make it even more challenging to provide effective oversight of banks. The Global Financial Development Report 2019/2020 is the fifth in a World Bank series. The report also tracks financial systems in more than 200 economies before and during the global financial crisis on an accompanying website (http://www.worldbank.org/en/publication/gfdr) and provides information on how banking systems are regulated and supervised around the world (http://www.worldbank.org/en/research/brief/BRSS).
format	Book
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Global Financial Development Report 2019/2020 : Bank Regulation and Supervision a Decade after the Global Financial Crisis
title_short	Global Financial Development Report 2019/2020 : Bank Regulation and Supervision a Decade after the Global Financial Crisis
title_full	Global Financial Development Report 2019/2020 : Bank Regulation and Supervision a Decade after the Global Financial Crisis
title_fullStr	Global Financial Development Report 2019/2020 : Bank Regulation and Supervision a Decade after the Global Financial Crisis
title_full_unstemmed	Global Financial Development Report 2019/2020 : Bank Regulation and Supervision a Decade after the Global Financial Crisis
title_sort	global financial development report 2019/2020 : bank regulation and supervision a decade after the global financial crisis
publisher	Washington, DC: World Bank
publishDate	2019
url	http://documents.worldbank.org/curated/en/513831574784180010/Global-Financial-Development-Report-2019-2020-Bank-Regulation-and-Supervision-a-Decade-after-the-Global-Financial-Crisis http://hdl.handle.net/10986/32595
_version_	1764476875820761088

Global Financial Development Report 2019/2020 : Bank Regulation and Supervision a Decade after the Global Financial Crisis

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