02132cas a2200277 a 4500 AALejournalIMF002319 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451975031 1934-7456 BD-DhAAL BD-DhAAL Johnston, R. Large and Complex Financial Institutions : Challenges and Policy Responses; Lessons from Sweden / R. Johnston, Balazs Horvath, Luca Errico, Jingqing Chai. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (25 pages) IMF Policy Discussion Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the regulatory and supervisory implications stemming from the dominance of large and complex financial institutions, drawing on the recent Financial Sector Assessment Program (FSAP) mission work on Sweden. The analysis highlights the importance of consolidated supervision, of a greater emphasis on effective management and corporate governance structures, and of measures strengthening the disciplinary role of the private sector. It calls for developing credible liquidity and crisis management arrangements through appropriate attention to the cross-product and cross-border nature of large and complex financial institution (LCFI) operations. Strengthened supervisory and regulatory responses will enable financial markets to better assess the nature and sources of residual risks they have to face and, on this basis, to develop more effective risk-mitigating measures. Mode of access: Internet Chai, Jingqing. Errico, Luca. Horvath, Balazs. IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2003/001 Full text available on IMF http://elibrary.imf.org/view/journals/003/2003/001/003.2003.issue-001-en.xml IMF e-Library