Statement by the Managing Director to the International Monetary and Financial Committee on the IMF Reform Agenda.
The recent financial crisis has given renewed urgency to the need for resolution systems for financial institutions, which both safeguard financial stability and limit moral hazard. However, experience demonstrates that these systems will not be effective unless progress is also made in developing a...
| Համատեղ հեղինակ: | |
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| Ձևաչափ: | Ամսագիր |
| Լեզու: | English |
| Հրապարակվել է: |
Washington, D.C. :
International Monetary Fund,
2010.
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| Շարք: | Policy Papers; Policy Paper ;
No. 2010/096 |
| Խորագրեր: | |
| Առցանց հասանելիություն: | Full text available on IMF |
| Ամփոփում: | The recent financial crisis has given renewed urgency to the need for resolution systems for financial institutions, which both safeguard financial stability and limit moral hazard. However, experience demonstrates that these systems will not be effective unless progress is also made in developing a framework that applies on a cross-border basis. Since many systemically important financial groups operate globally, an uncoordinated application of resolution systems by national authorities will make it much more difficult to both secure the continuity of essential functions (thereby limiting contagion), and ensure that shareholders and creditors bear the financial burden of the resolution process. |
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| Նյութի նկարագրություն: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Ֆիզիկական նկարագրություն: | 1 online resource (2 pages) |
| Ձևաչափ: | Mode of access: Internet |
| ISSN: | 2663-3493 |
| Հասանելի: | Electronic access restricted to authorized BRAC University faculty, staff and students |