Regulation, Supervision, and Financial Crisis

Wilbert O. Bascom
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Wilbert O. Bascom: State of Florida

Chapter 12 in The Economics of Financial Reform in Developing Countries, 1994, pp 170-189 from Palgrave Macmillan

Abstract: Abstract A distinction can be made between prudential and economic regulations of developing countries’ financial markets. Economic regulations include restrictions on the level of interest rates, on credit allocation, and on financial market entry. The principal aim of financial liberalization is to remove these restrictions and the distortions that are associated with them. The objective of prudential regulation and supervision is to ensure the safety and soundness of financial institutions and, more particularly, of commercial banks and other depository financial institutions. This objective is influenced by the need to have efficient and competitive financial institutions that provide depositors with protection and a stable framework for the conduct of financial transactions. Bank supervision helps to determine whether or not the objectives of bank regulations are achieved. It usually includes the examination of commercial banks to determine capital adequacy, asset quality, management, internal controls and audit, earnings and liquidity.

Keywords: Real Estate; Financial Crisis; Central Bank; Banking System; Bank Regulation (search for similar items in EconPapers)
Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23372-4_12

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DOI: 10.1007/978-1-349-23372-4_12

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