Stephany Griffith Jones - Does new international regulation help crisis prevention. Presentation given at conference on 17/18 November in honour of Sir Richard Jolly
Stephany Griffith Jones - Does new international regulation help crisis prevention. Presentation given at conference on 17/18 November in honour of Sir Richard Jolly
NICSA Webinar | Collateral Management Market Practices and New Legislation Im...NICSA
The presentation is designed to give employees of buy side firms who currently trade OTC derivatives a basic knowledge of current collateral management market practices. The presentation will also provide background on the motivation for proposed rule changes to collateralization of OTC derivatives, a brief overview of the proposed rules, the timing of their implication, how the industry has responded in the face of new legislation and what the implications of the new rules are for affected firms.
Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision.
Financial institutions around the world need to get their collateral management processes ready for the challenges ahead. The goal is to establish robust collateral management. But what is robust collateral management - and how can institutions get there?
Find out even more in our associated whitepaper, available for free on our website: http://foxeye.me/p6c3j
We are also hosting a series of associated webinars to introduce this topic in an interactive session. You may register for free on our website: http://foxeye.me/ttuye
This presentation discusses the impact of Basel III capital, liquidity, and reporting requirements on banking and non-banking organizations and what these organizations can do to prepare for the changes.
This paper was presented at the SAFA Workshop on Impact of Basel II, held on September 8, 2014 in Dhaka, Bangladesh. By Sayyid Mansoob Hasan, FCMA - Chairman SAFA Task Force to develop a strategy to combat corruption in SAARC Region.
SAFA: South Asian Federation of Accountants
Banking Regulation and Risk Management - Jad DoumithPMILebanonChapter
Banking Regulations and the numerous requirements imposed on banking institutions have been praised by many as indispensable in protecting the various stakeholders of the banking industry. They have also been criticized for burdening the industry with unnecessary limitations which ultimately tend to lower its overall efficiency, in addition to being reactive and short in preventing the successive devastating financial crises. Through a brief overview of the evolution of Banking regulations, the role of this session is to explore the new challenges of the risk management profession in line with the ever changing regulatory environment and its impact on the banking industry, and by extension, the overall economy.
Financial management - its importance and objectivesRobert Smith
This Presentation gives us information about Financial Management. It gives us details about importance and objectives of Financial Management. Financial Management is all about obtaining funds and how to use that fund.
NICSA Webinar | Collateral Management Market Practices and New Legislation Im...NICSA
The presentation is designed to give employees of buy side firms who currently trade OTC derivatives a basic knowledge of current collateral management market practices. The presentation will also provide background on the motivation for proposed rule changes to collateralization of OTC derivatives, a brief overview of the proposed rules, the timing of their implication, how the industry has responded in the face of new legislation and what the implications of the new rules are for affected firms.
Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision.
Financial institutions around the world need to get their collateral management processes ready for the challenges ahead. The goal is to establish robust collateral management. But what is robust collateral management - and how can institutions get there?
Find out even more in our associated whitepaper, available for free on our website: http://foxeye.me/p6c3j
We are also hosting a series of associated webinars to introduce this topic in an interactive session. You may register for free on our website: http://foxeye.me/ttuye
This presentation discusses the impact of Basel III capital, liquidity, and reporting requirements on banking and non-banking organizations and what these organizations can do to prepare for the changes.
This paper was presented at the SAFA Workshop on Impact of Basel II, held on September 8, 2014 in Dhaka, Bangladesh. By Sayyid Mansoob Hasan, FCMA - Chairman SAFA Task Force to develop a strategy to combat corruption in SAARC Region.
SAFA: South Asian Federation of Accountants
Banking Regulation and Risk Management - Jad DoumithPMILebanonChapter
Banking Regulations and the numerous requirements imposed on banking institutions have been praised by many as indispensable in protecting the various stakeholders of the banking industry. They have also been criticized for burdening the industry with unnecessary limitations which ultimately tend to lower its overall efficiency, in addition to being reactive and short in preventing the successive devastating financial crises. Through a brief overview of the evolution of Banking regulations, the role of this session is to explore the new challenges of the risk management profession in line with the ever changing regulatory environment and its impact on the banking industry, and by extension, the overall economy.
Financial management - its importance and objectivesRobert Smith
This Presentation gives us information about Financial Management. It gives us details about importance and objectives of Financial Management. Financial Management is all about obtaining funds and how to use that fund.
Helps to know about concept and types of finance..........................................................................................................................
Another year has gone by and the FCA’s combined Business Plan and Risk Outlook has been released… So what’s new and what does it mean for your firm?
Our briefing walked through the key messages of the document and took a look back at 2015’s release. We also explored what you might need to be doing differently in the year ahead.
This program includes Board of Director highlights of the current M&A environment, an update of current issues in Director and Officers (D&O) liability insurance, and cautionary observations on recent litigation developments. The panel addressed each of these topics in the context of the current regulatory changes, the economy, buy and sell side perspectives, and particular challenges for board fiduciary duties.
2009:The New World of Banks, Governments, Regulation and Supervision – Viewpoints from African Central Bankers
1. The New World of Banks,
Governments, Regulation
and Supervision – Viewpoints
from African Central
Bankers
Keith Jefferis
Department for International Development
(DFID), October 14, 2009
Chatham House Seminar on Financial Systems
Reforms: The Implications for Non-G20
Non-
Countries, October 15, 2009
2. ONGOING Developments in
African Finance & Banking
• Financial sector reform over • Results
past two decades: • Financial deepening and
• Elimination of direct state broadening (institutions,
control over finance products, markets)
• Market-based monetary /
Market- • Capital inflows and FDI in
exchange rate policy banking sector
• Development of financial & • Enhanced financial sector
capital markets efficiency
• Privatisation and liberalisation • Improved incentives for savings
• Modernisation of regulatory and & investment
supervisory frameworks • Enhanced soundness & stability
of financial institutions
• An integral part of broader • Higher and more consistent GDP
macroeconomic & structural growth
reforms
3. Banking Regulation
and Supervision
• Nature of finance makes • Main components
regulation and supervision • Capital adequacy
essential:
• Risk management, e.g.
• Information asymmetry &
misaligned incentives • Asset/liability maturity
• Knock-on (systemic) risks of
Knock-
mismatch
banking failure • Forex exposure
• Macroeconomic role of • Large exposures
banking • Off balance sheet
exposures & contingent
• Key objectives
liabilities
• Protection of depositors
• Management quality, fit-
fit-
• Systemic stability and-
and-proper, systems, DRP
• Consumer protection etc.
4. Ongoing Global
Developments – G20
• Regulatory failings • Proposed regulatory reforms
contributed to recent crisis • Extend reach of regulation
• Regulatory gaps (e.g. hedge funds & rating
• Regulated vs. unregulated agencies)
institutions • Higher capital requirements
• Agency responsibilities • Counter-cyclical capital
Counter-
• Insufficient capital requirements
• Pro-cyclical capital
Pro- • Macro-prudential
Macro-
supervision (the big picture)
• Institution-based
Institution-
• Review risk-rating
risk-
• Weak risk assessment methodology under Basel II
• Improved co-ordination
co-
between regulators, both
nationally and
internationally
5. Impact of the Global
Crisis
• No Africa banking sector crises – except Nigeria
• No known institutional problems outside Nigeria
• Limited exposure to balance sheet problems
• Little or no direct exposure to toxic assets
• Limited reliance on wholesale funding
• Good quality regulation and well capitalised
• But still an impact:
• Constrained access to global capital markets
• Risk aversion in lending
6. IMPACT OF REGULATORY AND
SUPERVISORY CHANGES
• Survey commissioned by African Development Bank
and GTZ, of selected African Central Banks in Eastern
& Southern Africa, focusing on:
• Impact of changing international supervisory
environment
• New challenges – macro-prudential supervision
macro-
• Role of Governments
• Adequacy of voice
• Cross-border supervisory issues
Cross-
• Capital account liberalisation
7. The Changing International
Regulatory Framework
• Basel II is being adopted in Africa:
• but slowly, due to resource constraints & data requirements
• not obligatory – but pressure
• immediate challenge is full compliance with Basel Core Principles
• Basel II already complex; Africa faces major challenges in moving beyond
standardised approach:
• demands on models, data & regulators very challenging
• no credit rating agencies outside of Nigeria and South Africa
• Major concerns for Africa stemming from global regulatory changes:
• higher risk weights internationally will reduce lending to Africa
• more complex regulatory regime (e.g. counter-cyclical capital requirements )
counter-
would make Basel II adoption even more challenging
• Higher capital requirements for African banks not a major concern - most
regulators already apply capital requirements in excess of Basel I
• South Africa alone can easily cope - much more advanced
8. The Role of Government
in Financial Markets
• Is there a risk that financial market failures and increased role for
governments in OECD banking systems might lead to reaction
against liberalisation & privatisation?
• No evidence for this:
• Widespread appreciation by both policymakers and public of
benefits of privatisation and liberalisation
• Improved quality and quantity of financial services compared
to old state-owned banks
state-
• Lack of financial sector stress means no new demands on
governments
• Concerns are more with limited access to finance
•
9. Adequacy of Voice?
• Are the interests of (poor/small) African countries sufficiently
represented in global for a where key decisions being made?
• Only SA represented on BIS and Basel Committee
• SA consults regularly within SADC (14 countries), but
much less beyond this
• C10 provides additional consultation forum
• SA financial system much more advanced than rest of
continent – different issues
• Reliance on IMF to represent African viewpoints
10. Macro-
Macro-prudential Supervision
• FT: “a posh word for proactive regulation that tries to join
up all the dots”
• Recognised to be important – but challenging
• Most CBs establishing macro-prudential supervisory units,
macro-
but need assistance with:
• Resources & Training
• Guidance on stress-testing, indicators, trigger levels, and
stress-
actions
• Combining regulation and macroeconomic functions
• Legislative reform
• Only SARB has fully-fledged financial stability department,
fully-
distinct from bank regulation
11. Financial Globalisation and
CAPITAL Controls
• Financial globalisation seen as contributing to global crisis;
has drying up of capital inflows and surge in outflows
contributed to scepticism and reconsideration of capital
controls / slowing of liberalisation?
• Some temporary controls on outflows (Nigeria,
Zambia)
• Commitment to progressive liberalisation intact (SA,
CMA)
• No indication of desire to reconsider abolition
(Botswana, Zambia, Uganda)
12. Transnational Regulatory
Issues
• Complexity of international banking groups combined with national
regulatory responsibilities seen as contributing to crisis – hence focus on
cross-
cross-border supervision. How are African countries coping with this?
• Cross-border banking in Africa growing in importance:
Cross-
• Inward FDI from Europe, US, etc.
• Growth of African-domiciled regional banking groups (esp. SA, Nigeria)
African-
• No major problems arising, although some small countries have
limited capacity and/or are marginalised
• Legislation may inhibit information sharing and need updating
• Information sharing agreements between regulators are
widespread, and work quite well; however smaller countries face
problems in securing formal MoUs with larger countries
• Assisted by regional collaborative initiatives, e.g. SADC, East
African Community