Regional financial conglomerates
Subtitle: a case for improved supervision
By: prepared by Julia Majaha-Jartby and Thordur Olafsson.
Contributors: Olafsson, Thordur.; International Monetary Fund. Monetary and Financial Systems Dept.
Series: IMF working paper -- WP/05/124
Publisher: International Monetary Fund, Monetary and Financial Systems Dept.
Published: 2005
Place of publication: Washington, D.C
Language: eng
Number of pages: 42
Subjects: International economic relations.; International economic integration.; Financial crises.
Description: The paper's central theme is that where a financial crisis emerges, regional supervisors should have systems in place to effectively respond to their country-specific crises and-in the case of foreign operations and financial conglomerates-to collaborate comprehensively with other supervisory agencies and respective ministries to avert a regional crisis or address the immediate crisis at hand. For financial institutions to expand across borders without undermining regional and global financial stability, supervisory agencies must develop the capacity to collaboratively and collectively handle crises.
Notes: "June 2005."

Includes bibliographical references (p. 40-42).

Also available on the World Wide Web.
Table of contents: value: Overview; value: Main risks and surveillance work; value: Recent developments in Nordic region; value: Cross-border banking operations in Africa; value: Regional and foreign bank ownership in Latin America; value: Case for signing memoranda of understanding; value: Conclusion.