## Current Developments in Monetary and Financial Law, Vol. 1

_Seminar Volumes, August 26, 1999_

## Source details

**Canonical URL:** [Current Developments in Monetary and Financial Law, Vol. 1](https://www.imf.org/en/publications/seminar-volumes/issues/2016/12/30/current-developments-in-monetary-and-financial-law-vol-3186)

## Other formats

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## Bibliographic details
- Published: August 26, 1999
- Series: Seminar Volumes
- DOI: https://doi.org/10.5089/9781557757968.072

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### Overview
- 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.

### Major themes and substantive findings
- 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 and keywords
- 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

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_Source: https://www.imf.org/en/publications/seminar-volumes/issues/2016/12/30/current-developments-in-monetary-and-financial-law-vol-3186_