Bank Regulation and Supervision around the World : A Crisis Update

Čihá ; k, Martin ; Demirgü ; ç ; -Kunt, Aslı ; Perí ; a, Marí ; a Soledad Martinez ; Mohseni-Cheraghlou, Amin

World Bank, Washington, DC

关键词: ACCOUNTING;    ACCOUNTING PRACTICES;    ACCOUNTING STANDARDS;    ADVANCED COUNTRIES;    ADVANCED ECONOMIES;   

DOI  :  10.1596/1813-9450-6286
RP-ID  :  WPS6286

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This paper presents the latest update ofthe World Bank Bank Regulation and Supervision Survey, andexplores two questions. First, were there significantdifferences in regulation and supervision between crisis andnon-crisis countries? Second, what aspects of regulation andsupervision changed significantly during the crisis period?The paper finds significant differences between crisis andnon-crisis countries in several aspects of regulation andsupervision. In particular, crisis countries (a) had lessstringent definitions of capital and lower actual capitalratios, (b) faced fewer restrictions on non-bank activities,(c) were less strict in the regulatory treatment of badloans and loan losses, and (d) had weaker incentives for theprivate sector to monitor banks' risks. Survey resultsalso suggest that the overall regulatory response to thecrisis has been slow, and there is room to improveregulation and supervision, as well as private incentives tomonitor risk-taking. Specifically, comparing regulatory andsupervisory practices before and after the global crisis,the paper finds relatively few changes: capital ratiosincreased (primarily among non-crisis countries), depositinsurance schemes became more generous, and some reformswere introduced in the area of bank governance and bank resolution.