Foreign Bank Supervision and Challenges to Emerging Market Supervisors
May 1, 2004
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Summary
The increased presence of foreign banks in a country's domestic banking system necessitates the development of effective cross-border prudential supervision where the consolidated supervision is the essential element. This paper presents foreign bank supervision in terms of division of responsibilities between the home and host countries, consolidated supervision, quality of home-country supervision, memoranda of understanding (MOUs), and "ringfencing" of banks. A number of challenges which foreign banks bring to emerging market banking supervisors are also discussed. The paper also provides surveys of country cases.
Subject: Bank supervision, Banking, Consolidated banking supervision, Financial conglomerates, Foreign banks
Keywords: bank, country, establishment, parent bank, procedure, WP
Pages:
52
Volume:
2004
DOI:
Issue:
082
Series:
Working Paper No. 2004/082
Stock No:
WPIEA0822004
ISBN:
9781451850475
ISSN:
1018-5941
