Strengthening Safeguards in Bank Resolution Frameworks in Emerging and Developing Countries
The paper will focus on the resolution frameworks of a sample of 12 countries taken from 6 regions. The review of the sample countries is used to analyze issues that may be relevant for other countries and to discuss potential challenges faced in i...
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| Format: | Working Paper |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/350101588830865894/Strengthening-Safeguards-in-Bank-Resolution-Frameworks-in-Emerging-Developing-Countries-F http://hdl.handle.net/10986/33731 |
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okr-10986-337312021-05-25T09:37:31Z Strengthening Safeguards in Bank Resolution Frameworks in Emerging and Developing Countries World Bank Group FINANCIAL SECTOR REFORM EMERGING MARKET ECONOMIES FEDERAL DEPOSIT INSURANCE CORPORATION FINANCIAL SAFETY NET FINANCE INFRASTRUCTURE GLOBAL FINANCIAL CRISIS FINANCIAL OVERSIGHT FINANCIAL RESOLUTION REGIME BANK RESOLUTION FRAMEWORK CRISIS MANAGEMENT FINANCIAL STABILITY BOARD SAFEGUARDS The paper will focus on the resolution frameworks of a sample of 12 countries taken from 6 regions. The review of the sample countries is used to analyze issues that may be relevant for other countries and to discuss potential challenges faced in implementing effective safeguards. The remainder of the paper is organized as follows: Section two discusses the rationale for significant powers given to the resolution authority under the key attributes and the far-reaching implications of these powers. Section three offers a brief overview of the safeguards that are incorporated in the key attributes, describes the rationale and intent of each safeguard and how to implement them to support an efficient bank resolution framework. Section four reviews the observed features of safeguards of current resolution regimes in 11 emerging and developing countries, and one country that developed into an advanced economy, to identify potential areas where implementing effective safeguards may require significant changes in various aspects of the local jurisprudence. Building upon the observations made in section four, section five aims to provide guidance for designing sound safeguards in bank resolution frameworks of emerging and developing countries. The paper ends with a section highlighting the key take-aways. This paper is a research note reflecting the authors’ review work and experiences and does not reflect in any way the views of the World Bank or IMF or their management or Boards. 2020-05-13T14:46:53Z 2020-05-13T14:46:53Z 2020-05-05 Working Paper http://documents.worldbank.org/curated/en/350101588830865894/Strengthening-Safeguards-in-Bank-Resolution-Frameworks-in-Emerging-Developing-Countries-F http://hdl.handle.net/10986/33731 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 :: Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
FINANCIAL SECTOR REFORM EMERGING MARKET ECONOMIES FEDERAL DEPOSIT INSURANCE CORPORATION FINANCIAL SAFETY NET FINANCE INFRASTRUCTURE GLOBAL FINANCIAL CRISIS FINANCIAL OVERSIGHT FINANCIAL RESOLUTION REGIME BANK RESOLUTION FRAMEWORK CRISIS MANAGEMENT FINANCIAL STABILITY BOARD SAFEGUARDS |
| spellingShingle |
FINANCIAL SECTOR REFORM EMERGING MARKET ECONOMIES FEDERAL DEPOSIT INSURANCE CORPORATION FINANCIAL SAFETY NET FINANCE INFRASTRUCTURE GLOBAL FINANCIAL CRISIS FINANCIAL OVERSIGHT FINANCIAL RESOLUTION REGIME BANK RESOLUTION FRAMEWORK CRISIS MANAGEMENT FINANCIAL STABILITY BOARD SAFEGUARDS World Bank Group Strengthening Safeguards in Bank Resolution Frameworks in Emerging and Developing Countries |
| relation |
Finance, Competitiveness and Innovation Insight; |
| description |
The paper will focus on the resolution
frameworks of a sample of 12 countries taken from 6 regions.
The review of the sample countries is used to analyze issues
that may be relevant for other countries and to discuss
potential challenges faced in implementing effective
safeguards. The remainder of the paper is organized as
follows: Section two discusses the rationale for significant
powers given to the resolution authority under the key
attributes and the far-reaching implications of these
powers. Section three offers a brief overview of the
safeguards that are incorporated in the key attributes,
describes the rationale and intent of each safeguard and how
to implement them to support an efficient bank resolution
framework. Section four reviews the observed features of
safeguards of current resolution regimes in 11 emerging and
developing countries, and one country that developed into an
advanced economy, to identify potential areas where
implementing effective safeguards may require significant
changes in various aspects of the local jurisprudence.
Building upon the observations made in section four, section
five aims to provide guidance for designing sound safeguards
in bank resolution frameworks of emerging and developing
countries. The paper ends with a section highlighting the
key take-aways. This paper is a research note reflecting the
authors’ review work and experiences and does not reflect in
any way the views of the World Bank or IMF or their
management or Boards. |
| format |
Working Paper |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Strengthening Safeguards in Bank Resolution Frameworks in Emerging and Developing Countries |
| title_short |
Strengthening Safeguards in Bank Resolution Frameworks in Emerging and Developing Countries |
| title_full |
Strengthening Safeguards in Bank Resolution Frameworks in Emerging and Developing Countries |
| title_fullStr |
Strengthening Safeguards in Bank Resolution Frameworks in Emerging and Developing Countries |
| title_full_unstemmed |
Strengthening Safeguards in Bank Resolution Frameworks in Emerging and Developing Countries |
| title_sort |
strengthening safeguards in bank resolution frameworks in emerging and developing countries |
| publisher |
World Bank, Washington, DC |
| publishDate |
2020 |
| url |
http://documents.worldbank.org/curated/en/350101588830865894/Strengthening-Safeguards-in-Bank-Resolution-Frameworks-in-Emerging-Developing-Countries-F http://hdl.handle.net/10986/33731 |
| _version_ |
1764479396116168704 |