Oecd Journal: Financial Market Trends最新文献_第5页

Sovereign and Banking Sector Debt: Interconnections through Guarantees 主权债务和银行部门债务:通过担保的相互联系

Oecd Journal: Financial Market Trends Pub Date : 2012-03-23 DOI: 10.1787/FMT-2011-5K9CSWN0SFXT

A. Estrella, Sebastian Schich

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引用次数: 32

The Financial Industry in the New Regulatory Landscape 新监管格局下的金融业

Oecd Journal: Financial Market Trends Pub Date : 2012-03-23 DOI: 10.1787/FMT-2011-5K9CSWMZQP7D

Gert D. Wehinger

{"title":"The Financial Industry in the New Regulatory Landscape","authors":"Gert D. Wehinger","doi":"10.1787/FMT-2011-5K9CSWMZQP7D","DOIUrl":"https://doi.org/10.1787/FMT-2011-5K9CSWMZQP7D","url":null,"abstract":"The financial market outlook and risks as well as the impact of regulatory reforms on the financial sector were the topics discussed at the October 2011 OECD Financial Roundtable. Concerns about the current situation in financial markets were centred on the sovereign debt and banking crisis in Europe and its repercussions in other parts of the world. Many participants felt that policy makers had not been doing enough to address the crisis and that bold action and ‘circuit breakers’ to stop the negative feedback loops were needed to restore market confidence. Regarding regulation, while the financial industry broadly expressed support for Basel III reforms, some elements like the SIFI surcharge were criticised. The industry was also sceptical regarding the benefits of separation of banks’ businesses (Volcker rule, Vickers proposal) and broadly rejected the EU proposal of a financial transaction tax. While policy makers regarded some of the industry’s regulatory concerns as valid, they stressed the aim of regulatory reforms to make the financial sector safer, thus making downsizing of a certain kind of financial intermediation unavoidable. But the right balance needs to be found in terms of the extent and the timing of regulatory reforms; downsizing in the current situation should perhaps be encouraged less quickly in some cases.","PeriodicalId":444795,"journal":{"name":"Oecd Journal: Financial Market Trends","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134495336","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 7

The Fault Lines in Cross-Border Banking: Lessons from the Icelandic Case 跨境银行的断层线:冰岛案例的教训

Oecd Journal: Financial Market Trends Pub Date : 2012-03-23 DOI: 10.1787/FMT-2011-5K9CSWN0LLJJ

Már Guðmundsson

{"title":"The Fault Lines in Cross-Border Banking: Lessons from the Icelandic Case","authors":"Már Guðmundsson","doi":"10.1787/FMT-2011-5K9CSWN0LLJJ","DOIUrl":"https://doi.org/10.1787/FMT-2011-5K9CSWN0LLJJ","url":null,"abstract":"This paper discusses the fault lines in cross-border banking, both at the global level and at the European Union/European Economic Area (EU/EEA) level, using the case of the three Icelandic cross-border banks as an example. Cross-currency liquidity risk built up prior to the crisis, especially maturity mismatches in foreign currency. This risk tended to be grossly underestimated at the time. There was a run on banks’ FX liabilities after the collapse of Lehman Brothers in September 2008. The Icelandic banks were highly vulnerable to such a run and lacked a credible lender of last resort (LOLR) in terms of foreign currency. The crisis also exposed serious flaws in the EU and EEA framework for cross-border banking, including deposit insurance. One of the main lessons of the Icelandic experience is that sizeable cross-border banking operations in small countries with their own currency come with very significant risks. The Icelandic experience suggests that further reforms are needed for cross-border banking activities in the Single Market, where the key issue is to match the European passport for banks with pan- European supervision, deposit insurance and LOLR. Domestic banks could remain in the domestic system.","PeriodicalId":444795,"journal":{"name":"Oecd Journal: Financial Market Trends","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133396087","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 16

The Macro-Prudential Authority: Powers, Scope and Accountability 宏观审慎监管机构:权力、范围和责任

Oecd Journal: Financial Market Trends Pub Date : 2012-03-23 DOI: 10.1787/FMT-2011-5K9CSWN0JRR1

C. Goodhart

引用次数: 78

The Future of Debt Markets 债券市场的未来

Oecd Journal: Financial Market Trends Pub Date : 2012-03-23 DOI: 10.1787/FMT-2011-5K9CSWMZLTG6

H. Blommestein, Alison Harwood, Allison Holland

引用次数: 5

Highlights from the OECD Sovereign Borrowing Outlook 2012 《2012年经合组织主权借款展望》的亮点

Oecd Journal: Financial Market Trends Pub Date : 2012-03-23 DOI: 10.1787/FMT-2011-5KG0NW45MQZV

H. Blommestein, Ahmet Keskinler, P. Flores

引用次数: 1

The Federal Agency for Financial Market Stabilisation in Germany: From Rescuing to Restructuring 德国联邦金融市场稳定局:从救助到重组

Oecd Journal: Financial Market Trends Pub Date : 2012-03-23 DOI: 10.1787/FMT-2011-5K9CSWMZXCBP

Christopher Pleister

引用次数: 5

The Potential Impact of Banking Crises on Public Finances: An Assessment of Selected EU Countries Using SYMBOL 银行危机对公共财政的潜在影响:对选定欧盟国家的SYMBOL评估

Oecd Journal: Financial Market Trends Pub Date : 2012-03-23 DOI: 10.1787/FMT-2011-5K9CSWN0NHBR

F. Campolongo, M. Marchesi, R. Lisa

引用次数: 11

Lessons from the Last Financial Crisis and the Future Role of Institutional Investors 上一次金融危机的教训和机构投资者的未来角色

Oecd Journal: Financial Market Trends Pub Date : 2011-09-20 DOI: 10.1787/FMT-2011-5KG55QW1T335

L. Rohde

引用次数: 12

Investing in Infrastructure: Getting the Conditions Right 投资基础设施:把握好条件

Oecd Journal: Financial Market Trends Pub Date : 2011-09-20 DOI: 10.1787/FMT-2011-5KG55QW11GR1

M. Stanley

引用次数: 11