Foreign Bank Supervision and Challenges to Emerging Market Supervisors

Download or read book Foreign Bank Supervision and Challenges to Emerging Market Supervisors written by Mr.In Song and published by INTERNATIONAL MONETARY FUND. This book was released on 2004-05-01 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The increased presence of foreign banks in a country's domestic banking system necessitates the development of effective cross-border prudential supervision where the consolidated supervision is the essential element. This paper presents foreign bank supervision in terms of division of responsibilities between the home and host countries, consolidated supervision, quality of home-country supervision, memoranda of understanding (MOUs), and "ringfencing" of banks. A number of challenges which foreign banks bring to emerging market banking supervisors are also discussed. The paper also provides surveys of country cases.