ESSENTIAL PRACTICE OF SYSTEMICALLY IMPORTANT BANKS REGULATION
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2014, Vol 11, Issue 164
Abstract
The paper analyzes specific features of establishment of new regulatory standards of systemically important banks as one of the most priority directions of post-crisis improvement of supranational financial regulation. The essense of active and prearranged initiatives to secure constant activity of global and domestic powerful super-big banking institutions is investigated as well as some approaches as to recovery measures implementation without involvement of taxpayers' funds in case of their financial failure are considered. In particular, the main points are focused on introduction of additional requirements to the sufficiency of capital of global systemically important banks, development of the regulatory mechanisms of domestic systemically important banks by domestic authorities taking into account the specific peculiarities of certain national economies, structural reforms as to separation of traditional banking from the securities transactions for the depositors protection (Volcker rule, USA; Vickers rule, UK), establishment of the Single Supervisory Mechanism for the Eurozone banks, and declaration of necessity to form the Single mechanism for bank bankruptcy resolution etc. Some proposals concerning transformation of domestic system of financial regulation and supervision in Ukraine, like strengthening control of systemically important banks activity and introduction of mega-regulator model are characterized.
Authors and Affiliations
Viktoriia Trokhymenko
Keywords
Related Articles
- EP ID EP403109
- DOI 10.17721/1728-2667.2014/164-11/11
- Views 74
- Downloads 0
INNOVATIVE ERP APPLICATIONS IN THE PUBLIC SECTOR: A COMPARATIVE ANALYSIS OF NEW ZEALAND EXPERIENCE
Contemporary economic science is looking for ways of research actualisation to resolve the challenges under the world financial crisis. Besides existing challenges in private de-regulated sector, one of the efficient inn...
LOCATION ATTRIBUTES OF EMERGING ECONOMIES: AN ANALYSIS USING PRINCIPAL COMPONENTS
Our paper investigates the location attributes of a large sample of emerging economies from the perspective of foreign direct investments and multinational companies' presence abroad. We use several macroeconomic variabl...
IMPLEMENTATION OF BASEL III IN THE EUROPEAN BANKING SECTOR
In this work, which is part of a larger research project aimed at the expected impact of Basel III on commercial banks in Romania, I decided to analyse the implementation and transposition of the new international pruden...
MODELLING OF ECONOMIC GROWTH WITH LEARNING BY DOING AND KNOWLEDGE SPILLOVERS
A generalized parametric model as a modified Romer model is considered. This model describes the dependence of the output of the index of knowledge available to the firm. Result of this paper is a family of models betwee...
THE SIMON KUZNETS'S INFLUENCE ON THE DEVELOPMENT OF ECONOMETRICS AND ENVIRONMENTAL ECONOMICS
S. Kuznets's empirical and theoretical researches of the economical growth and economical development, made in 1940 – 1960th, became a main source for upgrading the econometrical models of those processes. The ideas of S...