Author: Publisher:
ISBN: 9781845083694
Category : Capital
Languages : en
Pages :
Book Description
The Prudential Code
Author: The Prudential Code for Capital Finance in Local Authorities
Author: The Prudential Code for Capital Finance in Local Authorities
Author: Chartered Institute of Public Finance and AccountancyPublisher:
ISBN: 9780852999899
Category : Finance
Languages : en
Pages : 48
Book Description
Capital Success
Author: Prudential Code for Capital Finance in Local Authorities Road Testing Manual
Author: Publisher:
ISBN: 9780852999875
Category : Capital
Languages : en
Pages : 48
Book Description
The Prudential Code for Capital Finance in Local Authorities
Author: Chartered Institute of Public Finance and AccountancyPublisher:
ISBN: 9781845081287
Category : Capital
Languages : en
Pages : 98
Book Description
Changes to the Prudential Framework of Capital Finance
Author: The Prudential Regulation of Banks
Author: Mathias DewatripontPublisher:
ISBN: 9780262513869
Category : Banking law
Languages : en
Pages : 0
Book Description
The Prudential Regulation of Banks applies modern economic theory to prudential regulation of financial intermediaries. Dewatripont and Tirole tackle the key problem of providing the right incentives to management in banks by looking at how external intervention by claimholders (holders of equity or debt) affects managerial incentives and how that intervention might ideally be implemented. Their primary focus is the regulation of commercial banks and S&Ls, but many of the implications of their theory are also valid for other intermediaries such as insurance companies, pension funds, and securities funds. Observing that the main concern of the regulation of intermediaries is solvency (the relation between equity, debt, and asset riskiness), the authors provide institutional background and develop a case for regulation as performing the monitoring functions (screening, auditing, convenant writing, and intervention) that dispersed depositors are unable or unwilling to perform. They also illustrate the dangers of regulatory failure in a summary of the S&L crisis of the 1980s. Following a survey of banking theory, Dewatripont and Tirole develop their model of the capital structure of banks and show how optimal regulation can be achieved using capital adequacy requirements and external intervention when banks are violated. They explain how regulation can be designed to minimize risks of accounting manipulations and to insulate bank managers from macroeconomic shocks, which are beyond their control. Finally, they provide a detailed evaluation of the existing regulation and of potential alternatives, such as rating agencies, private deposit insurance, and large private depositors. They show that these reforms are, at best, a complement, rather than a substitute, to the existing regulation which combines capital ratios with external intervention in case of insolvency. The Prudential Regulation of Banks is part of the Walras Pareto Lectures, from the Universiy of Lausanne.
The Key Code and Advanced Handbook for the Governance and Supervision of Banks in Australia
Author: Francesco de ZwartPublisher: Springer Nature
ISBN: 9811617104
Category : Business & Economics
Languages : en
Pages : 1377
Book Description
This Key Code and Handbook examines the corporate governance and accountability of Major Banks, their directors and executives which were the central focus of bank, Supervisor, Regulator and governmental activity and public scrutiny in 2018 and 2019. This book explores this responsibility focus by providing evidence from the Global Financial Crisis and beyond with both APRA and ASIC investigating illegal conduct, misconduct and conduct which was below the level of community expectations. This book discusses how the Royal Commission into misconduct in the banking and financial services industry has already given rise to a detailed Final Report whose recommendations are still being put into effect. Further, this book uses evidence provided by the large number of Prudential Standards issued by APRA and investigations into the conduct of Major Banks by Regulators. This book explores governance variables – over 1,700 in number and grouped into 159 ‘key groupings’ or separate categories – which are all indexed to 28 governmental, regulatory and supervisory reports and documents to create a governance code and commentary specifically tailored to Australian banks. Each governance variable is modelled on the Stage 1 Relational Approach contained in Enhancing Firm Sustainability Through Governance. Given the huge interest in the governance of banks, Parts 1 and 2 – explaining the Relational Approach - of Stage 1 were recently published in November 2018 and June 2019 in the Australian Journal of Corporate Law. This book is the largest reference book and handbook in publication worldwide containing the structures, mechanisms, processes and protocols – the checks and balances we call ‘governance variables’ – that deeply addresses and explains banking accountability and regulation in Australia.
An Exploratory Study of the Utilisation of the UK's Prudential Borrowing Framework
Author: Stephen J. BaileyPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This article considers the utilisation of the UK's Prudential Borrowing Framework (PBF) and the associated Prudential Code for local government capital finance. It finds that the increased flexibility and local freedom are at the cost of less financial certainty in terms of the risks borne by local authorities and local tax payers. The PBF seems to encourage a less formal approach to risk, being considered inevitable and handled if and when adverse risk outcomes occur. Consequently capital projects may lack affordability, sustainability and prudence. The Prudential Indicators required by the Code are not easily understood by non-specialists and their calculation cannot be used to replace sound judgment or to identify the best financing option.