The Regulation of Non-Bank Financial Institutions: The United States, the European Union, and Other Countries

A. Kumar, T. Chuppe and P. Perttunen

World Bank - Discussion Papers from World Bank

Abstract: There has been tremendous growth worldwide in the mobilization of financial resources outside traditional banking systems. Channeled mainly through capital markets, such rapid financial diversification is posing new challenges for regulators in many emerging markets. This document describes the various aspects and implications of this growth, reviews the regulatory framework adopted in some mature market economies, including the United States and the European Union, and discusses regulatory issues in emerging markets.

Keywords: BANKING; FINANCIAL POLICY; DEBT (search for similar items in EconPapers)
JEL-codes: G18 G21 L51 (search for similar items in EconPapers)
Pages: 73 pages
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:fth:wobadi:362

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