Global Crisis Management

John Lane
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John Lane: Federal Deposit Insurance Corporation, USA

Chapter 24 in Globalization and Systemic Risk, 2009, pp 357-360 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractIn the US, the Federal Deposit Insurance Corporation's (FDIC) primary role is to maintain the stability and the public's confidence in the nation's banking system. Maintenance of sound risk management practices along with prudent capital requirements is critical toward successfully achieving the FDIC's mission. Given that the FDIC, for almost 75 years has had a successful deposit insurance program and supervisory program to ensure safety and soundness and, above all, appropriate capital levels, we are committed to sharing our framework and to understanding banking risks of other countries to maintain a sound global system. From a global perspective, much has to be considered when we think about crisis management. There have been lessons learned from the issues in the United States, Sweden, Japan, and Mexico. The Basel Committee on Banking Supervision (BCBS) in 1995 met in Halifax, Nova Scotia, and put forth five key areas of reform…

Keywords: Globalization; Banking; Financial Markets; Systemic Risk; Financial Crisis; Contagion (search for similar items in EconPapers)
Date: 2009
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