14 results on '"SUPERVISORY POWERS"'
Search Results
2. Parliamentary Questions: Expressions of Opposition(s) within the European Parliament?
- Author
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Kaniok Petr and Komínková Magda
- Subjects
european parliament ,meps ,opposition ,parliamentary questions ,parliamentary scrutiny ,political groups in the ep ,supervisory powers ,Political science ,International relations ,JZ2-6530 - Abstract
Parliamentary questions are a direct form of parliamentary scrutiny of other EU institutions and bodies, traditionally being an important tool for the opposition. This study examines how parliamentary questions are used in the European Parliament. We ascertain whether political groups representing opposition differ in their use of parliamentary questions from those who are represented in the European Commission. The article presents two main findings. First, such a difference does exist in all types of questions at the aggregated level. Groups not represented in the European Commission pose more questions than those who are represented. Secondly, it appears that the type of parliamentary question determines the groups’ behaviour. The article thus contributes to our understanding of how opposition functions in the European Parliament.
- Published
- 2019
- Full Text
- View/download PDF
3. Parliamentary Questions: Expressions of Opposition(s) within the European Parliament?
- Author
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Petr Kaniok and Magda Komínková
- Subjects
History ,Scrutiny ,Sociology and Political Science ,Parliament ,European Parliament ,MEPs ,opposition ,parliamentary questions ,parliamentary scrutiny ,political groups in the EP ,supervisory powers ,media_common.quotation_subject ,political groups in the ep ,0211 other engineering and technologies ,Opposition (politics) ,02 engineering and technology ,european parliament ,Politics ,Political science ,050602 political science & public administration ,European commission ,media_common ,021110 strategic, defence & security studies ,meps ,05 social sciences ,16. Peace & justice ,JZ2-6530 ,0506 political science ,Law ,Political Science and International Relations ,International relations - Abstract
Parliamentary questions are a direct form of parliamentary scrutiny of other EU institutions and bodies, traditionally being an important tool for the opposition. This study examines how parliamentary questions are used in the European Parliament. We ascertain whether political groups representing opposition differ in their use of parliamentary questions from those who are represented in the European Commission. The article presents two main findings. First, such a difference does exist in all types of questions at the aggregated level. Groups not represented in the European Commission pose more questions than those who are represented. Secondly, it appears that the type of parliamentary question determines the groups’ behaviour. The article thus contributes to our understanding of how opposition functions in the European Parliament.
- Published
- 2019
4. Развитие административных функций территориальных органов юстиции в современной России
- Subjects
контрольные полномочия ,федеральный закон ,управленческие функции ,management functions ,supervisory powers ,органы юстиции ,justice authorities ,the federal law ,регистрация ,управленческое решение ,правоотношения ,legal relations ,incorporation ,management decision - Abstract
В статье рассматриваются управленческие функции территориальных органов юстиции в динамике развития общественных отношений на современном этапе. Показана реализация контрольных полномочий этих органов на объект регулирования в деятельности некоммерческих организаций, нотариата, адвокатуры и субъектов регионального нормотворчества. Обозначены ограничения, создающие препятствия в принятии властных решений территориальными органами юстиции., The article considers the administrative functions of the territorial bodies of justice in the dynamics of the development of social relations at the present stage. The implementation of the supervisory powers of these bodies on the object of regulation in the activities of non-profit organizations, notaries, advocacy and subjects of regional rule-making is shown. The limitations are designated that create obstacles in taking power decisions by the territorial bodies of justice., №1(33) (2019)
- Published
- 2019
- Full Text
- View/download PDF
5. A Study on UAE Courts Supervisory Powers in Arbitration on the Grounds of Public Policy Consideration
- Author
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AL JELANI, MOHAMMED ANWAR and AL JELANI, MOHAMMED ANWAR
- Abstract
A comprehensive lineup of the problem and how important it is to tackle it: The Court of Cessation may overturn the arbitration award on the basis that the arbitration award conflicts the principal of “public policy. Since the definition of public order is an expanded one, in addition to the absence of a consistent measure of its' elements, all that will make it difficult for the disputing parties to determine whether they should proceed the arbitration path or court’s path, whereas a wrong decision will lead to a waste of time, money and the delay of rights. For these reasons, this dissertation will analyze different UAE Courts decisions, and I will try and mention as many examples as I can for public order to help litigants as well as arbitrators and the courts to base their decisions on the rationale and strong jurisprudence.
- Published
- 2017
6. The parliamentary control as a way of counteraction against corruption in the russian federation
- Author
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Ageev V. and Khuzina E.
- Subjects
Corruption ,Parliament ,Parliamentary control ,State control ,Supervisory powers ,Anti-corruption policy ,Anti-corruption - Abstract
The object of study of this article is the normative-legal consolidation of provisions on the parliamentary control in the Russian Federation as an effective means of combating corruption. The article states that one of the most important areas of combating corruption is the improvement of the quality of activities of the legislative branch in Russia. The main line of fighting corruption is to improve the supervisory powers of the Russian parliament and all representative bodies of the executive power. In the process of writing this article, the general scientific research methods (logical analysis and synthesis, functional and historical and legal methods) as well as special methods were used. The research methodology was primarily normative legal acts of the Russian Federation and the works of Russian scientists, the international experience on the issue was studied. As a result of studying the authors come to the conclusion that currently, the mechanism of parliamentary control has a stable legal basis, all the necessary tools, and can fully answer to its purpose on the whole and perform a serious means of countering corruption in particular, however, this mechanism should be improved at every turn.
- Published
- 2016
7. Placing Bank Supervision in the Central Bank : Implications for Financial Stability Based on Evidence from the Global Crisis
- Author
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Melecky, Martin and Podpiera, Anca Maria
- Subjects
BANK POLICY ,BANKING SYSTEM ,GROSS DOMESTIC PRODUCT ,BANKING SUPERVISION ,DEPOSIT ,CURRENCY CRISIS ,INFLATION ,INSTITUTIONAL DEVELOPMENT ,BANKING SECTORS ,INTERNATIONAL SETTLEMENTS ,EMERGING MARKET ,CRITERIA ,DEPOSIT INSURANCE ,LENDING ,PRICE STABILITY ,CRISIS’ COUNTRIES ,MACROECONOMICS ,FEDERAL RESERVE ,MANDATES ,REAL INTEREST RATE ,LIQUIDATIONS ,RULE OF LAW ,LENDER OF LAST RESORT ,FINANCIAL CRISIS ,GOVERNMENTS ,CREDIT GROWTH ,POLITICAL STABILITY ,SHARES ,SUPERVISORY AUTHORITY ,BANK ,MORAL HAZARD ,LOANS ,SYSTEMIC BANKING CRISES ,CONFLICTS OF INTEREST ,FINANCIAL SYSTEMS ,BANK FOR INTERNATIONAL SETTLEMENTS ,RISK MANAGEMENT ,CHECK ,MICROSTRUCTURES ,FINANCIAL DEEPENING ,BANKING CRISIS ,REAL EXCHANGE RATE ,EMERGING MARKETS ,FINANCIAL MARKETS ,SOLVENCY ,FINANCIAL OPENNESS ,BALANCE OF PAYMENTS ,DEPOSITS ,MARKETS ,FINANCIAL REGULATION ,FINANCE ,FINANCIAL DISTRESS ,SYSTEMIC RISK ,INTERNATIONAL FINANCE ,FEDERAL RESERVE BANK ,INTERNATIONAL FINANCIAL STATISTICS ,BANKING ,CURRENCY DEPRECIATION ,LIABILITIES ,MONETARY POLICY ,BIS ,REAL INTEREST ,LIQUIDITY ,BANK REGULATIONS ,DUMMY VARIABLE ,INTEREST RATES ,CREDIT POLICIES ,DEBT ,CREDIT RISK ,GUARANTEES ,SUPERVISION OF BANKS ,MARKET ,SAVING ,DOMESTIC CREDIT ,CRISIS COUNTRIES ,RESERVE BANK ,CENTRAL BANKING ,BANKING SYSTEMS ,CENTRAL BANK ,BANKING STABILITY ,SUPERVISORY POWERS ,BANK REGULATION ,PROPERTIES ,CREDIBILITY ,CURRENCY CRISES ,POLITICAL ECONOMY ,EXCHANGE ,LENDER ,INTERNATIONAL ECONOMICS ,VALUE ,RISK ,BANK PROFITS ,REAL INTEREST RATES ,FINANCIAL CRISES ,FINANCIAL SYSTEM ,RESERVE ,EXCHANGE RATE ,GOOD ,FINANCIAL STABILITY ,INSURANCE ,CURRENCY ,MACROECONOMIC VARIABLES ,PRIVATE CREDIT ,BANKS ,BANK RESTRUCTURING ,MICRODATA ,DEFAULT ,BALANCE OF PAYMENT ,PROFITS ,LOAN ,BANKING CRISES ,DEBT CRISIS ,CREDIT ,BANK CREDIT ,FINANCIAL DEVELOPMENT ,DEVELOPING COUNTRIES ,INTERNATIONAL BANK ,NONPERFORMING LOANS ,FUTURE ,INFORMATION DISCLOSURE ,PRUDENTIAL SUPERVISION ,BANK NATIONALIZATIONS ,MONETARY FUND ,CENTRAL BANKS ,HOUSING ,INTEREST ,MACROECONOMIC CONDITIONS ,SUPERVISORY AUTHORITIES ,BANK SUPERVISION ,LIQUIDITY RISK ,CAPITAL INFLOWS ,CHECKS ,SHARE ,INTEREST RATE ,LOCAL CURRENCY ,MICROSTRUCTURE ,ACCOUNTABILITY - Abstract
Although keeping bank supervision independent from macroprudential supervision may ensure more checks and balances, placing bank supervision in the central bank could exploit synergies with macroprudential supervision. This paper studies whether placing microprudential supervision of banks, typically the systemic part of the financial system, under the same roof as financial stability policy, typically entrusted to the central bank, can improve financial stability. Specifically, the paper analyzes whether having bank supervision in the central bank mitigated the likelihood of banking crises during 2007–12. The analysis conditions on crisis indicators commonly found in the early-warning models of banking crises, the quality of microprudential supervision, and the quality of macroprudential supervision. The authors find that countries with deeper financial markets and those undergoing rapid financial deepening can better foster financial stability when they put bank supervision in the central bank.
- Published
- 2015
8. Moldova Financial Sector Assessment
- Author
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World Bank Group
- Subjects
FINANCIAL SECTOR DEVELOPMENT ,WARRANTS ,BALANCE SHEET GROWTH ,BOOK ENTRY SYSTEM ,SETTLEMENT SYSTEMS ,PRIVATE INVESTMENT ,FOREIGN EXCHANGE RESERVES ,MOVABLE ASSETS ,SHAREHOLDERS ,DEPOSIT ,INFLATION ,LIQUIDATION ,EMERGING MARKET ,BROAD MONEY ,EQUITIES ,DEPOSIT INSURANCE ,LEGAL AUTHORITY ,UNSECURED CREDIT ,LACK OF TRANSPARENCY ,CAPITAL REQUIREMENTS ,DEBT SERVICE ,CONSUMER PRICE INDEX ,COLLATERAL ,FINANCIAL MARKET ,FRAUD ,NON-PERFORMING LOANS ,AUDITORS ,WITHDRAWAL ,MARKET CAPITALIZATION ,TRANSPARENCY ,MORTGAGE ,FINANCIAL MARKETS ,NPL ,SECURITIES REGISTRATION ,DEPOSITS ,CREDITORS ,SYSTEMIC RISK ,BANK DEPOSITS ,MAXIMUM MATURITY ,JOINT STOCK COMPANY ,BALANCE SHEET ,NATIONAL SECURITIES ,LIQUIDITY ,CREDIT EXPANSION ,CREDIT RISK ,PRUDENTIAL REGULATIONS ,CENTRAL DEPOSITORY ,PROFITABILITY ,CONNECTED LENDING ,JOINT STOCK COMPANIES ,EQUITY RETURN ,OWNERSHIP STRUCTURES ,JUDICIAL INDEPENDENCE ,LENDERS ,LEGAL SYSTEM ,CONSOLIDATION ,RETURN ON ASSETS ,MARKET PARTICIPANTS ,UNSECURED LOANS ,INSURANCE MARKET ,INSOLVENCY REGIME ,CAPITAL MARKETS ,CREDITWORTHINESS ,FINANCIAL SYSTEM ,SECONDARY MARKET ,LEGAL PROVISIONS ,LIABILITY ,EXCHANGE RATE ,FINANCIAL INSTITUTIONS ,CENTRAL SECURITIES DEPOSITORY ,GOVERNMENT SECURITIES ,SECURITIES TRANSACTIONS ,LEGAL REFORMS ,POLICY RESPONSE ,PRIVATE REGISTRIES ,MARKET PLAYERS ,SECURITIES ,NONPERFORMING LOANS ,JUDICIAL SYSTEM ,MICROFINANCE ,REAL PROPERTY ,CREDIT HISTORY ,INSTITUTIONAL ARCHITECTURE ,REPAYMENT ,MARKET INFRASTRUCTURE ,TRADING ,SUPERVISORY AUTHORITIES ,CAPITAL FORMATION ,AUDIT COMMITTEES ,LAWS ,INSURANCE PREMIUMS ,LIQUIDITY RISK ,DEPOSITORS ,LIQUIDITY POSITIONS ,DEBTORS ,FINANCIAL FLOWS ,ACCOUNTABILITY ,REGULATORY STANDARDS ,TRANSACTION ,MINORITY SHAREHOLDERS ,INTERNAL AUDIT ,TAX ,BANKING SYSTEM ,GROSS DOMESTIC PRODUCT ,BANKING SUPERVISION ,UNSECURED CREDITORS ,INSURANCE COMPANIES ,GOVERNMENT DEBT ,CONTINGENCY PLANNING ,CREDITOR ,LIQUIDITY RATIO ,SAFETY NETS ,BOOK ENTRY ,INSTRUMENT ,TERRORISM ,BAILOUT ,INTERNATIONAL STANDARDS ,ASSET QUALITY ,RISK FACTOR ,RULE OF LAW ,FINANCIAL CRISIS ,ARBITRATION ,FINANCIAL TRANSACTIONS ,BANK BALANCE SHEETS ,SETTLEMENT RISKS ,REGISTRATION SYSTEM ,SHAREHOLDER ,RISK MANAGEMENT SYSTEMS ,GOVERNMENT BONDS ,PLEDGES ,ENFORCEMENT MECHANISMS ,CONSUMER PROTECTION ,CAPACITY CONSTRAINTS ,SETTLEMENT ,DEPOSITOR ,RISK MANAGEMENT ,BANKING CRISIS ,BANK LIQUIDATION ,FORECLOSURE ,PAYMENT SYSTEM ,BOOK-ENTRY ,GUARANTEE FUND ,SOLVENCY ,BORROWER ,PRIMARY DEALERS ,REGULATORY AUTHORITIES ,MARKET STRUCTURE ,FINANCIAL DISTRESS ,CREDIT ASSOCIATIONS ,FINANCIAL STATEMENTS ,COLLECTIVE ACTION ,EXTERNAL DEBT ,EQUITY HOLDINGS ,SAFETY NET ,STOCK EXCHANGE ,BANK PORTFOLIOS ,PAYMENT OF INTEREST ,BANKING SECTOR ,FLOATING RATE ,CAPITAL ADEQUACY ,OWNERSHIP STRUCTURE ,ECONOMIC DEVELOPMENT ,CENTRAL BANK ,RETURN ,MARKET DISCIPLINE ,NATIONAL BANK ,NONPERFORMING LOAN ,SUPERVISORY POWERS ,MACROECONOMIC POLICIES ,CORPORATE SECURITIES ,CAPITAL MARKET ,BANKING REGULATION ,FRAUD RISKS ,CREDIBILITY ,FOREIGN EXCHANGE ,LEGAL PROTECTION ,BANK LENDERS ,ACCOUNTING ,COMMERCIAL BANK ,REGISTRY SYSTEM ,CONFLICT OF INTEREST ,REMITTANCES ,ARBITRAGE ,TERM DEPOSIT ,RESERVE ,FINANCIAL STABILITY ,INSURANCE ,CAPITAL MARKET LAW ,TURNOVER ,CREDIT REPORTING ,OFFSHORE BANKS ,BANK LOANS ,LIFE INSURANCE ,RISK CONTROL ,TREASURY ,FINANCIAL INSTITUTION ,MICROFINANCE INSTITUTIONS ,CREDIT PRACTICES ,DOMESTIC BANKS ,LEGISLATION ,COMMERCIAL BANKS ,MONETARY AUTHORITY ,BANK LIQUIDITY ,SECURITY INTERESTS ,NEW ENTRANTS ,NONBANK FINANCIAL INSTITUTIONS ,PRUDENTIAL REQUIREMENTS ,TRADE CREDITS ,MARKET RISK ,ASSET CLASSIFICATION ,CREDITOR RIGHTS ,MACROECONOMIC CONDITIONS ,FINANCIAL COLLATERAL ,LEGAL FRAMEWORK ,NATIONAL SAVING ,BANK ASSETS ,SAVINGS ,CAPACITY BUILDING ,LIQUID ASSETS ,FINANCIAL STRENGTH ,FOREIGN CURRENCY ,INTEREST RATE ,GROSS SETTLEMENT SYSTEM - Abstract
Although Moldova has made some important advances since the 2008 FSAP update, risks to banking sector stability have become severe. There is an urgent need, therefore, to improve transparency and governance in the banking system. Although the banking sector appears to be well capitalized and liquid, important pockets of weakness remain and vulnerabilities may be masked by fraud or misreporting. The two securities settlement systems are in need of updating, though plans to take this reform forward are not finalized. Weaknesses in the insolvency and creditor or debtor regime create uncertainty and may deter some stakeholders from engaging in financial transactions. Especially in light of the weaknesses described above and recent geopolitical uncertainties, urgent action is needed to address these and mitigate the risks to which the financial system appears to be exposed.
- Published
- 2014
9. The Polish Bank Insolvency Regime : Issues and Assumption Paper for the Design of an Upgraded Bank Resolution Framework
- Author
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Pollner, John D.
- Subjects
STATE BANK ,ADMINISTRATIVE POWERS ,SETTLEMENT SYSTEMS ,FEDERAL DEPOSIT INSURANCE CORPORATION ,ADMINISTRATIVE PROCEDURES ,DEPOSIT ,LIQUIDATION ,SHAREHOLDER RIGHTS ,DISTRESSED BANKS ,ADEQUATE LEGAL PROTECTION ,ESTATE ,LIQUIDATION OF ASSETS ,IMMINENT INSOLVENCY ,NUMBER OF BANK ,COMMERCIAL INSOLVENCY LAW ,DEPOSIT INSURANCE ,LIQUIDATIONS ,BANK LIABILITIES ,OFF BALANCE SHEET ,CORPORATE INSOLVENCY PROCEEDING ,INSTITUTIONAL FRAMEWORK ,CREDITOR CLASSES ,FINANCIAL MARKET ,MORAL HAZARD ,TYPES OF DEBT ,GOOD FAITH ,ASSUMPTION TRANSACTIONS ,REORGANIZATION ,VOLUNTARY LIQUIDATIONS ,ASSET VALUES ,DEPOSITS ,DEPOSIT INSURANCE FUND ,CREDITORS ,ORDINARY BANKRUPTCY ,PUBLIC SERVICES ,PERSONAL LIABILITY ,SYSTEMIC RISK ,ADMINISTRATIVE COSTS ,SETTLEMENTS ,MANDATE ,PROPERTY RIGHTS ,CORPORATE INSOLVENCY FRAMEWORK ,PROCEDURES FOR INSOLVENCY ,ASSET MANAGEMENT ,BALANCE SHEET ,BANK INSOLVENCY REGIMES ,FOREIGN BANKS ,DEPOSIT INSURANCE SCHEMES ,ASSUMPTION OF LIABILITIES ,INTEREST RATES ,BANK RUN ,JUDGES ,CLAIM ,FINANCIAL SERVICES ,INSOLVENCY FRAMEWORKS ,ASSET SALES ,PROFITABILITY ,CONTRACTUAL ARRANGEMENTS ,BANK FAILURE ,LAST RESORT ,PURCHASE AND ASSUMPTION TRANSACTIONS ,DECLARATION OF BANKRUPTCY ,FEDERAL DEPOSIT INSURANCE ,AUDITS ,BANKRUPTCY ,COOPERATIVE BANKS ,LIQUIDATION STAGE ,BANKRUPTCY PROCEEDINGS ,CONSOLIDATION ,JUDICIARY ,MARKET PARTICIPANTS ,DERIVATIVES ,NEW LEGAL FRAMEWORK ,PRIVILEGED CREDITOR ,REGULATORY FRAMEWORK ,FINANCIAL SYSTEM ,LIABILITY ,DEPOSIT INSURANCE AGENCIES ,FINANCIAL INSTITUTIONS ,COURT PROCEEDINGS ,BANKRUPTCY CASES ,WINDING UP ,BANKS ,COOPERATIVE BANKING SECTOR ,BANK RESTRUCTURING ,CAPITAL INJECTIONS ,REORGANIZATION PLANS ,LOAN ,JUDICIAL POWERS ,NONPERFORMING LOANS ,LEGAL FRAMEWORKS ,CENTRAL BANKS ,SUBSIDIARY ,BANK INSOLVENCY ,CONTRACTUAL RELATIONSHIPS ,ASSET VALUE ,SUPERVISORY AUTHORITIES ,BALANCE SHEET INSOLVENT ,DEPOSIT INSURANCE AGENCY ,ILLIQUIDITY ,LAWS ,FINANCIAL CONTRACTS ,FINANCIAL STRUCTURE ,BANKING LAWS ,DEPOSITORS ,JUDICIAL AUTHORITIES ,PRESENT VALUE ,ACCOUNTABILITY ,COMMERCIAL INSOLVENCY ,BANKRUPTCY PETITION ,COOPERATIVE BANKING ,COMPETITOR BANKS ,BANKING SYSTEM ,RECEIVERSHIP ,BANKING SUPERVISION ,BOOK VALUE ,CREDITOR ,DEBT OBLIGATION ,TECHNICAL ASSISTANCE ,REORGANIZATION PROCEEDINGS ,RECEIVER ,REGULATORY FORBEARANCE ,PARTIAL TRANSFERS ,INSOLVENCY PROCEDURE ,TIER 1 CAPITAL ,ARRANGEMENT WITH CREDITORS ,BANKING LAW ,LIQUIDATION PROCEDURES ,DEBTOR ,AUDITING ,BANK INSOLVENCY FRAMEWORK ,BANK INSOLVENCY REGIME ,LIQUIDATOR ,FORMAL BANKRUPTCY ,CORPORATE INSOLVENCY ,SETTLEMENT ,DEPOSITOR ,BANK LIQUIDATION ,CREDIT INSTITUTIONS ,SUBORDINATED DEBT ,GUARANTEE FUND ,CLAIMANTS ,FEATURES OF INSOLVENCY LAW ,DEPOSIT GUARANTEE ,GOING CONCERN ,FINANCIAL REGULATION ,REHABILITATION PLANS ,LOAN LOSS PROVISIONS ,BANKRUPTCIES ,IMPAIRED ASSETS ,FINANCIAL STATEMENTS ,MARKET VALUE ,OPERATIONAL RISKS ,REGULATORY REPORTS ,DEBT ,NUMBER OF CREDITORS ,BANKING SECTOR ,VALUE OF ASSETS ,CREDITOR CLAIMS ,ASSET RATIO ,BANKRUPTCY PROCEDURES ,CAPITAL ADEQUACY ,MARKET DISCIPLINE ,JURISDICTIONS ,INSUFFICIENT FUNDS ,TRADITIONAL BANKRUPTCY ,BALANCE-SHEET INSOLVENT ,SUPERVISORY POWERS ,COMMERCIAL INSOLVENCY LAWS ,GOING CONCERN VALUE ,CREDIBILITY ,CIVIL PROCEDURE ,LEGAL PROTECTION ,PUBLIC FUNDS ,BANK INSOLVENCIES ,INSURED DEPOSITS ,ACCOUNTING ,BANKING AUTHORITY ,SALARY ,SOLVENT BANKS ,FINANCIAL INDICATORS ,WRITE OFFS ,FINANCIAL STABILITY ,CORPORATE INSOLVENCY LAW ,RECAPITALIZATION ,FINANCIAL INSTITUTION ,LEGAL REFORM ,ACCESS TO CREDIT ,PRIORITY OF CREDITOR ,ADMINISTRATIVE ACTIONS ,LEGISLATION ,OPEN BANK ,COMMERCIAL BANKS ,SALES OF ASSETS ,DEPOSIT INSURANCE FUNDS ,ASSET MANAGEMENT COMPANIES ,LOAN ASSETS ,SALARIES ,SUPERVISORY ACTION ,LEGAL FRAMEWORK ,BENEFIT OF CREDITORS ,TRUSTEE ,PAYMENT OF CLAIMS ,SUBSIDIARIES ,FINANCIAL REPORTING ,BANK CREDITORS ,BANKRUPTCY LAW - Abstract
The bank insolvency framework in Poland should be modernized to ensure financial stability, maintain the continuity of critical functions in the banking system, and protect depositors and creditors, while assigning losses according to a pre-established creditor hierarchy. Several country experiences in Europe and elsewhere have demonstrated the effectiveness of new bank resolution measures by the European commission. A key aspect of the resolution process is for the authorities to swiftly assess and revalue the balance sheet of the intervened bank. Other particularities of modern resolution procedures relate to maintaining the integrity of secured financial contracts to prevent disruptions in financial market transactions including in payments and settlements systems. The treatment of systemically important institutions should rely on extraordinary resolution tools which are necessary if a bank is too large to be purchased or for its liabilities to be readily assumed. The purpose of this paper is thus to describe and recommend new features that can be added to strengthen the Polish legislation for handling commercial bank insolvencies. The paper focuses on the legal issues related to insolvency of banks (including commercial banks and cooperative banks). The banking sector's share in the total assets of the credit sector amounts to 89 percent while cooperative banks control 6 percent. The only wholly-owned state bank is the development bank Bank Gospodarstwa Krajowego (BGK) which is subject to supervision by the Polish Financial Supervisory Authority (KNF).
- Published
- 2012
10. El Salvador Financial Sector Assessment Program Update : Basel Core Principles for Effective Banking Supervision
- Author
-
International Monetary Fund and World Bank
- Subjects
WARRANTS ,PENSION FUNDS ,COUNTRY RISK ,SHAREHOLDERS ,DEPOSIT ,INFLATION ,CREDIT CARD ,INFORMATION TECHNOLOGY ,INTERNATIONAL ACCOUNTING STANDARDS ,DEPOSIT INSURANCE ,LEGAL AUTHORITY ,PUBLIC CALL ,INTANGIBLE ASSET ,PROVISIONING RULES ,LENDER OF LAST RESORT ,CONVERTIBLE BONDS ,DUE DILIGENCE ,OFF BALANCE SHEET ,OFFSITE SUPERVISION ,CAPITAL REQUIREMENTS ,COLLATERAL ,PENSION ,BONDS ,FINANCIAL MARKET ,REORGANIZATION ,ACCOUNTING STANDARDS ,TRANSPARENCY ,EQUITY FUND ,MORTGAGE ,REPO ,FINANCIAL MARKETS ,NPL ,LENDING BEHAVIOR ,CREDIT RISKS ,DEPOSITS ,OFF BALANCE SHEET ITEMS ,RISK MANAGEMENT STRATEGIES ,ADMINISTRATIVE COSTS ,CORPORATE GOVERNANCE ,RETAINED EARNINGS ,BANKING INSTITUTION ,INTANGIBLE ASSETS ,BANKING INDUSTRY ,STATE BANKS ,SUPPLEMENTARY CAPITAL ,INTERNAL CONTROLS ,FOREIGN BANKS ,COMMERCIAL REGISTRY ,MORTGAGES ,PRIVATE CAPITAL ,CREDIT RISK ,PRIMARY CAPITAL ,PRUDENTIAL STANDARDS ,CAPITAL REQUIREMENT ,DOMESTIC CREDIT ,PRUDENTIAL REGULATIONS ,FINANCIAL SERVICES ,DEBTS ,PROFITABILITY ,SOVEREIGN RISK ,LIQUIDITY RISKS ,LOAN PORTFOLIO ,FOREIGN BANK ,OWNERSHIP STRUCTURES ,OPERATIONAL INDEPENDENCE ,CONFLICTS OF INTERESTS ,BANKRUPTCY ,COOPERATIVE BANKS ,LENDER ,RETURN ON ASSETS ,DERIVATIVES ,BANKING ASSETS ,CAPITAL MARKETS ,CREDITWORTHINESS ,FINANCIAL CRISES ,REGULATORY FRAMEWORK ,DECENTRALIZATION ,HOST COUNTRY ,FINANCIAL SYSTEM ,LEGAL PROVISIONS ,LIABILITY ,FINANCIAL INSTITUTIONS ,FOREIGN PENETRATION ,BANKS ,INTEREST RATE RISKS ,LOAN ,RISK PROFILE ,RISK PROFILES ,CONSOLIDATED SUPERVISION ,REGIONAL BANKS ,SECURITIES ,NONPERFORMING LOANS ,MARKET SHARE ,PRUDENTIAL SUPERVISION ,SEIZURE ,CREDIT RISK MANAGEMENT ,REPAYMENT ,DEVELOPMENT BANK ,ISSUANCE ,SUBSIDIARY ,SUPERVISORY FRAMEWORK ,RESERVE FUND ,ILLIQUIDITY ,LAWS ,REPAYMENT CAPACITY ,LIQUIDITY RISK ,DEPOSITORS ,FACE VALUE ,DEBTORS ,LIQUIDITY RATIOS ,ACCOUNTABILITY ,COOPERATIVE BANKING ,RISK WEIGHTED ASSETS ,CAPITAL FLOWS ,VALUATION ,BANKING SYSTEM ,STOCK MARKET ,ECONOMIC GROWTH ,BANKING SUPERVISION ,INSURANCE COMPANIES ,OPERATIONAL RISK ,CUSTODY ,FINANCIAL ASSETS ,CREDIT CARDS ,FINANCIAL SECTOR ,FINANCIAL CONGLOMERATES ,RISK AVERSION ,BANKING LAW ,INTERNATIONAL STANDARDS ,TRANSFER RISKS ,FINANCIAL CRISIS ,LETTERS OF CREDIT ,INDIVIDUAL ACCOUNTS ,SHAREHOLDER ,DEBTOR ,AUDITING ,RESERVES ,SUPERVISORY AUTHORITY ,ASSET PORTFOLIO ,CONSUMER PROTECTION ,CONFLICTS OF INTEREST ,CAPACITY CONSTRAINTS ,RISK MANAGEMENT ,SUBORDINATED DEBT ,SOLVENCY ,LEGAL IMPEDIMENTS ,LOAN LOSS PROVISIONS ,MARKET STRUCTURE ,FINANCIAL STATEMENTS ,POLITICAL UNCERTAINTY ,STOCK EXCHANGE ,RISK MANAGEMENT POLICIES ,OPERATIONAL RISKS ,DEFAULTS ,DEMAND FOR CREDIT ,MARKET RISKS ,UNDERLYING ASSET ,INTEREST RATE RISK ,DEBT ,BANKING SECTOR ,SUPERVISION OF BANKS ,ASSET BASE ,CAPITAL ADEQUACY ,OWNERSHIP STRUCTURE ,SUPERVISORY AGENCY ,AUTONOMY ,CENTRAL BANK ,RETURN ,FINANCIAL INFORMATION ,INDIVIDUAL LOANS ,SUPERVISORY POWERS ,MACROECONOMIC POLICIES ,INSURANCE POLICY ,LITIGATION ,CREDIBILITY ,LEGAL PROTECTION ,PRIVATE BANKS ,MINISTRIES OF FINANCE ,ACCOUNTING ,PORTFOLIOS ,CONFLICT OF INTEREST ,RATING AGENCIES ,VALUATIONS ,REMITTANCES ,ARBITRAGE ,CREDIT INFORMATION ,RESERVE ,FOREIGN LOANS ,PRUDENTIAL REGULATION ,FINANCIAL STABILITY ,INSURANCE ,EXTERNAL AUDITORS ,RECAPITALIZATION ,TRADE FLOWS ,MORTGAGE LOANS ,INTERNATIONAL BANKS ,FINANCIAL INSTITUTION ,WAREHOUSES ,HUMAN RESOURCES ,LOCAL BANKS ,DOMESTIC BANKS ,COMMERCIAL BANKS ,INTERNATIONAL BANK ,SALES OF ASSETS ,MONETARY FUND ,PRIVATE SECTOR DEVELOPMENT ,PRUDENTIAL REQUIREMENTS ,MARKET RISK ,ACCOUNTANT ,ASSET CLASSIFICATION ,OFFSITE MONITORING ,CREDIT INSTITUTION ,INTANGIBLE ,MINIMUM CAPITAL ADEQUACY RATIO ,LEGAL FRAMEWORK ,SAVINGS ,BANK SUPERVISION ,CAPITAL BASE ,CAPACITY BUILDING ,FINANCIAL STRENGTH ,CHECKS ,SUBSIDIARIES ,FOREIGN CURRENCY ,INTEREST RATE ,LIENS ,HUMAN RESOURCE - Abstract
This assessment of the Basel Core Principles (BCP) was conducted as part of the financial sector assessment program (FSAP) update evaluation of the El Salvador financial system from April 22 to May 10, 2010. The supervisory framework was assessed against the BCP methodology issued in October 2006. The assessment of compliance with each principle is made on a qualitative basis. A four-part assessment system is used: compliant; largely compliant; materially noncompliant; and noncompliant. A largely compliant assessment is given if only minor shortcomings are observed, and these are not seen as sufficient to raise serious doubts about the authority's ability to achieve the objective of that principle. A materially noncompliant assessment is given when the shortcomings are sufficient to raise doubts about the authority's ability to achieve compliance, but substantive progress has been made. A noncompliant assessment is given when no substantive progress toward compliance has been achieved. The ratings assigned during this assessment are not comparable to the ones assigned in the 2000 FSAP, as the bar to measure the effectiveness of a supervisory framework has been raised in the new methodology. This paper is structures as follows: introduction; information and methodology used for assessment; institutional and macroeconomic setting and market structure- overview; preconditions for effective bank supervision; main findings; and recommended action plan and authorities' response.
- Published
- 2010
11. Financial Crisis and Global Governance : A Network Analysis
- Author
-
Sheng, Andrew
- Subjects
RISK MANAGER ,GLOBAL MARKET ,WORLD TRADE ,FOREIGN EXCHANGE RESERVES ,DEPOSIT ,INFLATION ,DERIVATIVE PRODUCTS ,FINANCIAL ENGINEERS ,REGULATORY STRUCTURE ,CREDIT CARD ,EMERGING MARKET ,GOVERNMENT INTERVENTION ,INFORMATION TECHNOLOGY ,DEPOSIT INSURANCE ,LEGAL AUTHORITY ,MARKET PRACTICES ,MORTGAGE MARKET ,CAPITAL CONTROLS ,FEDERAL RESERVE ,PROVISIONING RULES ,GLOBAL FINANCIAL STABILITY ,DUE DILIGENCE ,BANKING ASSET ,BONDS ,FINANCIAL MARKET ,FRAUD ,MORAL HAZARD ,FINANCIAL SYSTEMS ,MARK TO MARKET ACCOUNTING ,FINANCIAL NETWORKS ,ACCOUNTING STANDARDS ,TRANSPARENCY ,EMERGING MARKETS ,MORTGAGE ,FINANCIAL MARKETS ,HOLDING ,INFORMATION SYSTEMS ,BANKING INSTITUTIONS ,SYSTEMIC RISK ,FEDERAL RESERVE BANK ,FINANCIAL DERIVATIVE ,GLOBAL ECONOMY ,STOCK MARKET CAPITALIZATION ,CORPORATE DISCLOSURE ,PROPERTY RIGHTS ,REGULATORY AGENCIES ,DOMESTIC MARKETS ,MARKET EFFICIENCY ,ASSET MANAGEMENT ,MONETARY POLICY ,MARKET PLAYER ,LIQUIDITY ,INTEREST RATES ,MARKET FAILURE ,CAPITAL NEEDS ,EFFICIENT MARKETS ,FINANCIAL SERVICES ,DEBT OBLIGATIONS ,FAIR VALUE ,EFFICIENT MARKET ,MARKET PRICES ,HEDGE FUNDS ,HOST COUNTRIES ,DERIVATIVE INSTRUMENTS ,MARKET MAKER ,OFFSHORE FINANCIAL CENTERS ,COMMUNICATION TECHNOLOGY ,GLOBAL EQUITY MARKET ,PORTFOLIO ,BANKRUPTCY ,POLITICAL ECONOMY ,MARKET PARTICIPANTS ,DERIVATIVES ,ACCESS TO INFORMATION ,CAPITAL MARKETS ,GLOBAL FINANCIAL MARKET ,HEDGE FUND ,FINANCIAL CRISES ,HOST COUNTRY ,FUND MANAGEMENT ,FINANCIAL SYSTEM ,FINANCIAL INSTITUTIONS ,CURRENCY ,SINGLE MARKET ,COORDINATION FAILURE ,GLOBAL BANKING ,REGULATORY SYSTEM ,EQUITY MARKET ,HEDGE FUND MANAGERS ,LOAN ,PUBLIC FINANCE ,DEVELOPING COUNTRIES ,INSIDER DEALING ,MATURITY ,SECURITIES ,CRITICAL MASS ,EXPOSURE ,CENTRAL BANKS ,GLOBALIZATION ,TRADING ,ILLIQUIDITY ,FINANCIAL STRUCTURE ,SOCIAL NETWORKS ,FINANCIAL INSTRUMENTS ,REGULATORY STANDARDS ,ASSET BACKED SECURITIES ,TRANSACTION ,CAPITAL FLOWS ,LIQUIDITY CRUNCH ,VALUATION ,TAX ,GLOBAL FINANCIAL SYSTEM ,BANKING SYSTEM ,STOCK MARKET ,DEVELOPING COUNTRY ,EXCHANGE RATES ,INSURANCE COMPANIES ,SECURITIES MARKET ,TELEPHONE NETWORKS ,LEVEL OF INTEREST RATES ,TRANSACTION COSTS ,INTERNATIONAL SETTLEMENTS ,STOCKS ,FINANCIAL ENGINEERING ,FINANCIAL SECTOR ,RISK AVERSION ,CREDIT DEFAULT SWAPS ,FIXED EXCHANGE RATE ,COMPUTER TECHNOLOGY ,GLOBAL FINANCIAL MARKETS ,FINANCIAL DERIVATIVES ,INTERNATIONAL STANDARDS ,BROKERS ,FUND MANAGER ,FINANCIAL CRISIS ,BALANCE SHEETS ,DEBT MARKET ,FULL DISCLOSURE ,JURISDICTION ,INCENTIVE STRUCTURE ,TREATY ,ISLAMIC FINANCE ,RAPID GROWTH ,SETTLEMENT ,RISK DIVERSIFICATION ,RISK MANAGEMENT ,BANKING CRISIS ,BANK MANAGEMENT ,SOLVENCY ,TRADES ,WHOLESALE BANKS ,ASSET PRICES ,MARK TO MARKET ,RETAIL BANKING ,STOCK EXCHANGES ,COLLECTIVE ACTION ,CAPITAL GAINS ,INDIVIDUAL FIRMS ,FUTURES ,CAPITAL ACCORDS ,COMMON LAW ,STOCK EXCHANGE ,MARKET TRANSACTIONS ,MARKET VALUE ,GOLD STANDARD ,INVESTOR EDUCATION ,DEBT ,ASYMMETRIC INFORMATION ,REGULATORY AUTHORITY ,INDIVIDUAL FIRM ,ECONOMIC DEVELOPMENT ,FINANCIAL PRODUCTS ,CENTRAL BANK ,RETURN ,JURISDICTIONS ,FINANCIAL INFORMATION ,FREE TRADE ,SUPERVISORY POWERS ,CDS ,RISK CONTROLS ,SYSTEMIC RISKS ,CONNECTIVITY ,DEFICITS ,FOREIGN EXCHANGE ,ACCOUNTING ,INCENTIVE STRUCTURES ,MARKET TRADING ,CREDIT DEFAULT ,GLOBAL TRADE ,LOCAL MARKETS ,ARBITRAGE ,INTERNATIONAL DEVELOPMENT ,INFORMATION ASYMMETRY ,OUTPUT ,PRUDENTIAL REGULATION ,INSURANCE ,CONSUMER EXPENDITURE ,MATURITY MISMATCHES ,REGULATOR ,FINANCIAL INSTABILITY ,FINANCIAL INSTITUTION ,GLOBAL EQUITY ,PRICE VOLATILITY ,DOMESTIC BANKS ,SOCIAL COSTS ,COMMERCIAL BANKS ,INTERNATIONAL BANK ,MONETARY AUTHORITY ,HOLDING COMPANIES ,PORTFOLIO MANAGEMENT ,MATURE MARKET ,INVESTMENT BANKS ,MONETARY FUND ,FISCAL POLICIES ,MARKET RISK ,REGULATORS ,DERIVATIVE ,FINANCIAL DEREGULATION ,HOME MARKET ,FINANCIAL INNOVATION ,OPEN MARKETS ,INTEREST RATE - Abstract
This paper attempts to use network theory, drawn from recent work in sociology, engineering, and biological systems, to suggest that the current crisis should be viewed as a network crisis. The author surveys the concepts of networks, their defining characteristics, applications to financial markets, and the need for supervision and implications for national and global governance. Then, author briefly examines the current financial crisis in the light of the network analysis and surveys the recent reforms in financial regulation and architecture. The paper concludes with an analysis of the policy implications of network analysis.
- Published
- 2010
12. A fiscalização parlamentar do sistema de justiça
- Author
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Fontes, José and Moreira, Adriano
- Subjects
Supervisory powers ,16:Paz, Justiça e Instituições Eficazes [ODS] ,Judicial system ,Separation and interdependence ,Ciência política ,Fiscalização parlamentar ,Assembleia da República ,Administração da justiça ,04:Educação de Qualidade [ODS] ,Assembleia da República (Lisboa, Portugal) ,The Assembly of the Republic (Portuguese Parliament) ,Jurisdiction ,Justiça - Abstract
Tese de Doutoramento em Ciências Políticas na especialidade de Ciência Política apresentada à Universidade Aberta Esta dissertação — A Fiscalização Parlamentar do Sistema de Justiça — é, sobretudo, um guia para ajudar na consolidação de um sistema global de acompanhamento, monitorização e fiscalização do sistema de justiça em Portugal, que é cada vez mais complexo. O forte aumento das diferentes estruturas e agentes da justiça, o mercado e a livre concorrência entre as diferentes economias, secundada pela globalização, aumentaram a necessidade da redobrada atenção parlamentar sobre o desempenho do sistema de justiça português. A actualidade e a complexidade do tema obrigam a um tratamento alargado e a uma análise macro formulada em termos de teoria geral. A presente dissertação de Doutoramento em Ciências Políticas, na vertente de Ciência Política, é um contributo inovador e útil para o estudo científico de uma das múltiplas áreas da função parlamentar de fiscalização que incide sobre o sistema de justiça. Fica, assim, delimitada a amplitude do objecto de investigação: uma das faces da ligação entre o poder parlamentar e o poder judicial. O estudo da instituição parlamentar portuguesa, da sua organização, da sua actividade, das funções que lhe estão atribuídas constitucionalmente, começa a ganhar relevo entre nós e com isso a investigação científica, neste campo, veio a desenvolver-se nos últimos anos, o que se entende pela exposição pública e mediática a que tem estado sujeita a Assembleia da República. Estamos perante uma teoria geral não só normativa mas essencialmente politológica da relação de fiscalização que se estabelece entre o poder parlamentar e o poder jurisdicional do Estado, designadamente, em defesa da Constituição, das leis e, por consequência, dos direitos, liberdades e garantias dos cidadãos. O esquema organizatório global de fiscalização da actividade do sistema de justiça passa, em grande medida, no que diz respeito a decisões concretas dos tribunais, como despachos, sentenças ou acórdãos, pela via dos recursos legalmente previstos e apreciados por tribunais de categoria superior. Por outro lado, existem amplas inspecções a realizar pelos competentes serviços dos Conselhos gestores das magistraturas e pela própria inspecção-geral administrativa em domínios todos eles legalmente especificados. A tese apresentada realça uma importante parcela de um sistema integrado e global de fiscalização do sistema de justiça, assegurando e garantindo a fiscalização parlamentar um reforço da democraticidade do exercício da função, da sua eficácia e operacionalidade. This thesis — The Parliamentary supervision of the Justice System — is above all a guide to assist in the consolidation of a global system of accompaniment, monitoring and supervision of the justice system in Portugal, which is becoming more complex. The strong increase of different justice structures and agents, the market and the free competition between different economies — in line with the globalisation phenomenon — extended the need of redoubled focus by Parliament on the performance of the Portuguese justice system. Both this theme’s actuality and complexity require an enlarged study and a general theory macro analysis. The present PhD thesis in Political Science is a useful and innovative contribution for the scientific study of Parliament’s role in the supervision of the justice system. The scope of this investigation is therefore shortened to the liaison between the legislative and judicial powers. The study of the Portuguese parliamentary institution, its organisation, activity and roles invested by the Constitution, is increasingly common, spurring a scientific investigation in this field which has been highlighted by the Parliament’s media cover. This thesis is not only a legal general theory but essentially a political one regarding the supervision relationship established between the parliamentary and jurisdictional powers of the State, aiming at the protection of the Constitution, laws and, as a result, of citizen’s rights, liberties and guarantees. As far as court rulings are concerned, the overall organisation of the judicial supervision system essentially evolves on appeals to higher courts. On the other hand there are various inspections to be carried out by the competent administrative and judicial inspection authorities. This thesis enhances an important section of an integrated and global supervision of the judicial system, ensuring and securing Parliament’s control, a reinforcement of the democratic principles inherent to such role, its effectiveness and operational performance.
- Published
- 2004
13. The parliamentary control as a way of counteraction against corruption in the russian federation
- Author
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Ageev V., Khuzina E., Ageev V., and Khuzina E.
- Abstract
The object of study of this article is the normative-legal consolidation of provisions on the parliamentary control in the Russian Federation as an effective means of combating corruption. The article states that one of the most important areas of combating corruption is the improvement of the quality of activities of the legislative branch in Russia. The main line of fighting corruption is to improve the supervisory powers of the Russian parliament and all representative bodies of the executive power. In the process of writing this article, the general scientific research methods (logical analysis and synthesis, functional and historical and legal methods) as well as special methods were used. The research methodology was primarily normative legal acts of the Russian Federation and the works of Russian scientists, the international experience on the issue was studied. As a result of studying the authors come to the conclusion that currently, the mechanism of parliamentary control has a stable legal basis, all the necessary tools, and can fully answer to its purpose on the whole and perform a serious means of countering corruption in particular, however, this mechanism should be improved at every turn.
14. The parliamentary control as a way of counteraction against corruption in the russian federation
- Author
-
Ageev V., Khuzina E., Ageev V., and Khuzina E.
- Abstract
The object of study of this article is the normative-legal consolidation of provisions on the parliamentary control in the Russian Federation as an effective means of combating corruption. The article states that one of the most important areas of combating corruption is the improvement of the quality of activities of the legislative branch in Russia. The main line of fighting corruption is to improve the supervisory powers of the Russian parliament and all representative bodies of the executive power. In the process of writing this article, the general scientific research methods (logical analysis and synthesis, functional and historical and legal methods) as well as special methods were used. The research methodology was primarily normative legal acts of the Russian Federation and the works of Russian scientists, the international experience on the issue was studied. As a result of studying the authors come to the conclusion that currently, the mechanism of parliamentary control has a stable legal basis, all the necessary tools, and can fully answer to its purpose on the whole and perform a serious means of countering corruption in particular, however, this mechanism should be improved at every turn.
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