Current Developments in Monetary and Financial Law, Vol. 1

Seminar Volumes, August 26, 1999

Source details

The papers in this volume are based on an IMF seminar held in 1988 covering a broad range of topics dealing with monetary and financial law.
Seminar presentations focused on liberalization of capital movements, data dissemination, the IMF's goals in financial surveillance and architecture, and responses to the financial crises in Asia and Latin America.
Recent issues in the financial sector were addressed, including supervision of banks and the Basle Core Principles of Banking Supervision.
Updates were provided on insolvency and liquidation of banks, lender-of-last-resort issues, and legal issues arising as payment systems adjust to continuous financial modernization.
Activities of the European Economic and Monetary Union (EMU) were discussed from several viewpoints, including the issue of good governance.
Information was provided on developments in the enforcement of bank claims and the law of security.

Liberalization of capital movements:
- Seminar presentations examined legal and policy dimensions of capital account liberalization.
Financial surveillance and architecture:
- The IMF's goals in financial surveillance and architecture were a focal point of discussion.
Financial crises responses:
- Responses to the financial crises in Asia and Latin America were analyzed.
Bank supervision and international standards:
- The supervision of banks and the major international effort—the Basle Core Principles of Banking Supervision—were addressed.
Insolvency, liquidation, and lender-of-last-resort:
- Updates on insolvency and liquidation of banks were presented together with lender-of-last-resort issues.
Payment systems and legal adaptation:
- How payment systems are adjusting to continuous financial modernization and the resulting legal issues were discussed.
European Economic and Monetary Union (EMU):
- The activities of the EMU were discussed from several viewpoints, including good governance.
Enforcement of bank claims and law of security:
- Developments in enforcement of bank claims and the law of security were presented.

Subjects:
- Balance of payments, Banking, Capital flows, Currencies, Financial crises, Financial institutions, Financial services, Government securities, Money, Securities
Keywords:
- Asia and Pacific, bank, bank regulator, bank supervisor, Capital flows, Central Asia, central bank, certificate, consumer, Currencies, e-money product, East Asia, Europe, Global, Government securities, Middle East, North America, Securities, securities certificate, securities entitlement, SEM, Western Europe