03113cas a2200349 a 4500 AALejournalIMF022756 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400208072 2616-5333 BD-DhAAL BD-DhAAL Cuervo, Cristina. Strengthening Capital Markets : National Progress and Gaps / Cristina Cuervo, Jennifer Long, Richard Stobo. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (39 pages) Departmental 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 discusses progress on post-global financial crisis (GFC) reforms and the emerging challenges in the area of capital markets regulation and supervision, drawing on the analysis and insights from the IMF's Financial Sector Assessment Program (FSAP). FSAP analyses sheds light on the implementation of post-GFC reforms to strengthen prudential and conduct supervision of capital markets and highlights new regulatory and supervisory challenges arising from several factors such as the growth of bond markets, benchmark transition, digitalization, and climate change. Key takeaways regarding implementation of post-GFC reform include significant progress with respect to oversight of market intermediaries and infrastructures and a case for further regulatory and supervisory action to address vulnerabilities arising from the high and rising interconnectedness of the asset management sector with the global economy, especially to foster stronger liquidity risk management. Emerging priority areas underscore the importance of ensuring the adequacy of issuer disclosures and quality of auditing; of examining and appropriately calibrating the regulatory perimeter in light of market developments; and of proactively safeguarding the operational independence of supervisory authorities and adequacy of their resources for implementation of regulatory frameworks that are fit-for-purpose in light of market developments and evolution. Mode of access: Internet International Agreements and Observance imf International Organizations imf Non-Bank Financial Institutions imf Pension Funds imf Political Economy imf Long, Jennifer. Stobo, Richard.. Departmental Papers; Departmental Paper ; No 2022/012 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=2616-5333&volume=2022&issue=012 IMF e-Library Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=2789-0600&volume=2022&issue=005 IMF e-Library Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=2789-0600&volume=2022&issue=006 IMF e-Library