IMF Singapore regional Training Institute (STI) Seminar on Selected Issues in the Evolving Financial Regulatory Framework (ST15.

Transcription

1 IMF Singapore regional Training Institute (STI) Seminar on Selected Issues in the Evolving Financial Regulatory Framework (ST15.04) Singapore February 2 6, 2015 READING LIST L 1 Overview of Bank Prudential Regulations: Basel I to Basel III A Brief History of the Basel Committee, BCBS, October Financial Sector Reform: How Far Are We? Speech by Stanley Fischer, Vice Chairman, Board of Governors of the Federal Reserve System, to be delivered as the Martin Feldstein Lecture, National Bureau of Economic Research, Cambridge, Mass., July 10, Overview of Progress in the Implementation of the G20 Recommendations for Strengthening Financial Stability, Report of the Financial Stability Board to G20 Leaders, November Implementation-of-the-G20-Recommendations-for-Strengthening-Financial-Stability.pdf L 2 Overview of Capital Market-Based Financial Intermediation Bank of England, The Future of Repo too much or too little, Andrew Hauser FSB on shadow banking FSB on resolution: Gourinchas, Pierre- Olivier and Olivier Jeanne, 2012, Global Safe Assets, BIS Working paper No. 399 (December). Hannoun, Hervé, 2011, Sovereign Risk in Bank Regulation and Supervision: Where do we stand? Financial Stability Institute High-Level Meeting, October 26 (Basel: Bank for International Settlements). Mehrling, Perry, 2010, The New Lombard Street: How the Fed Became the Dealer of Last Resort (Princeton: Princeton University Press). Page 1 of 5

2 Tarullo, Daniel, 2013, Testimony, Dodd-Frank Implementation, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. L 3 Selected Issues on Basel III: Definitions of Capital, Buffers, Liquidity and Leverage Andrew G Haldane: The dog and the Frisbee, Speech by Andrew G Haldane, Executive Director, Financial Stability, Bank of England, and Vasileios Madouros, Economist, Bank of England, at the Federal Reserve Bank of Kansas City s 366th economic policy symposium, The changing policy landscape, Jackson Hole, Wyoming, 31 August Simplicity, Risk Sensitivity and Comparability: the Regulatory Balancing Act, Speech by Wayne Byres, Secretary General of the Basel Committee on Banking Supervision, prepared for the BCBS-EMEAP-FSI High-Level Meeting, Seoul, Korea, February Implementing the Regulatory Reform Agenda - the Pitfall of Myopia, Speech by Stefan Ingves, Chairman, Basel Committee on Banking Supervision and Governor, Sveriges Riksbank at the Federal Reserve Bank of Chicago, 6 November Reducing Excessive Variability in Banks' Regulatory Capital Ratios, The Basel Committee s Report to G20 Leaders, BCBS, November Jose Viñals et.al, The Making of Good Supervision: Learning to Say "No", IMF Staff Position Note No. 2010/8 L 4 Selected Issues on Nonbank Finance: Markets and Instruments Hyun, Song Shin, 2014, Financial Stability Risks: Old and New, BIS, December, Caruana, Jaime, 2014, How much capital is enough? Challenges for the future of banking: regulation, supervision and the structure of banking London, November, Ingves, Stefan, 2014, Implementing the regulatory reform agenda the pitfall of myopia, Federal Reserve Bank of Chicago, November Caruana, Jaime, 2014, Macroprudential policy: opportunities and challenges Tenth High- Level Meeting for the Middle East and North Africa region on Global banking standards and regulatory and supervisory priorities, December Page 2 of 5

3 Principles for financial market infrastructures: Assessment methodology for the oversight expectations applicable to critical service providers, The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO), December Singh, Manmohan, 2012, Financial System The Economics of Collateral Chains, Dossier Le Collateral, January, pp Financial System- The Economics of Collateral-Chains 2011, Velocity of Pledged Collateral: Analysis and Implications, IMF Working Paper 11/256 (Washington: International Monetary Fund). Puts in the Shadows, IMF Working Paper 12/229 Collateral and Monetary Policy, IMF Working paper 13/186 L 5 Derivatives Regulation and the Bank/Nonbank Nexus CCP recovery/resolution: Australian Prudential Regulation Authority, and others, 2011, Central Clearing of OTC Derivatives in Australia, Discussion Paper, June. Bank of England, 2012, OTC Derivatives Reform and Collateral Demand Impact, Sidanius, Che and Filip Zikes, Financial Stability Paper No. 18, October. Bank for International Settlements, 2012, Uncovered Counterparty Exposures in Global OTC Derivatives Markets, BIS Quarterly Review, June, page Bank for International Settlements, 2013, Margin Requirements for Non-Centrally Cleared Derivatives (final report), September Bliss and Kauffman, 2006, Derivatives and Systemic Risk: Netting, Collateral, and Closeout, Journal of Financial Stability Bolton, Patrick, and Martin Oehmke, 2012, Should Derivatives Be Privileged in Bankruptcy? March 5. Committee for Payments and Settlement Systems (CPSS), 2012, Principles for Financial Markets Infrastructure, April, Page 3 of 5

4 Financial Times, 2013, Banks Face Derivatives Shake up in Asia, Macroeconomic impact assessment of OTC derivatives regulatory reforms, BIS famous MAGD study, McMahon Sean, 2011, Derivatives Experts See Another Level of Regulatory Arbitrage Taking Shape, SmartBlog on Finance, October 12. Pollack, Lisa, 2011, Merrill Lynch s Derivatives Set Sail for Safe Harbors, Financial Times Alphaville, October Singh, Manmohan, 2010, Collateral, Netting, and Systemic Risk in the OTC Derivatives Market, IMF Working Paper 10/99 (Washington: International Monetary Fund). New Regulations and Collateral Requirements Implications for the OTC Derivatives Market, SWIFT Institute No New-Regulations-and-Collateral-OTC-Derivatives-Singh_v7-FINAL.pdf Summe, Kimberly, 2011, An Examination of Lehman Brothers Derivatives Portfolio Post- Bankruptcy: Would Dodd Frank Would Have Made Any Difference?, August. Elliot, David, 2013, Central Counterparty Loss Allocation Rules, Bank of England, Financial Stability Paper No L 6 Adopting the Basel Framework: The Frontier of Basel Works and Forwardlooking Country Implementation Monitoring the Effects of Agreed Regulatory Reforms on Emerging Market and Developing Economies (EMDEs), Financial Stability Board, November Impact and Implementation Challenges of the Basel Framework for Emerging Market, Developing and Small Economies, BCBS Working Papers No 27, November References Core Principles for Effective Banking Supervision, BCBS, September Basel II: International Convergence of Capital Measurement and Capital Standards: a Page 4 of 5

5 Revised Framework, BCBS, June Basel III: A Global Regulatory Framework for more Resilient Banks and Banking Systems - Revised Version June 2011, BCBS, June Basel III Leverage Ratio Framework and Disclosure Requirements, BCBS, January Global Systemically Important Banks: Assessment Methodology and the Additional Loss Absorbency Requirement - Final Document, BCBS, November A Framework for Dealing with Domestic Systemically Important Banks - Final Document, BCBS, October Basel III: The Liquidity Coverage Ratio and Liquidity Risk Monitoring Tools BCBS, January 2013, Basel III: the Net Stable Funding Ratio, October Revisions to the Standardised Approach for Credit Risk - Consultative Document BCBS, December Capital Floors: the Design of a Framework Based on Standardized Approaches - Consultative Document, BCBS, December Seventh Progress Report on Adoption of the Basel Regulatory Framework BCBS, October 2014, FSI Survey - Basel II, 2.5 and III Implementation Financial Stability Institute, July The Net Stable Funding Ratio: Impact and Issues for Consideration Jeanne Gobat, Mamoru Yanase, and Joseph Maloney IMF Working Paper No. 14/106, June The Key Attributes of Effective Resolution Regimes for Financial Institutions Progress to Date and Next Steps, International Monetary Fund, August Page 5 of 5