IMF Working Papers

Foreign Bank Supervision and Challenges to Emerging Market Supervisors

By In W Song

May 1, 2004

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Format: Chicago

In W Song. "Foreign Bank Supervision and Challenges to Emerging Market Supervisors", IMF Working Papers 2004, 082 (2004), accessed June 25, 2025, https://doi.org/10.5089/9781451850475.001

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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

Publication Details

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