Developing a Framework for Effective Financial Crisis Management

Dalvinder Singh and John Raymond LaBrosse

OECD Journal: Financial Market Trends, 2012, vol. 2011, issue 2, 125-154

Abstract: This article discusses the roles and responsibilities of the various agencies that are part of the financial system safety net, and it sets out a framework for the decision-making process for these actors in the management of a financial crisis. In this context, the article discusses issues of micro- and macro-prudential oversight and argues that more needs to be done to ensure accountability, independence, transparency and integrity of the various actors of the financial system safety net.

Date: 2012
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