English, Article, Journal or magazine article edition: Precondition for a Successful Implementation of Supervisors' Primpt Corrective Action: Is There a Case for a Banking Standard in the EU? Larry Wall; Maria Nieto

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Bookmark: http://trove.nla.gov.au/version/45802
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Precondition for a Successful Implementation of Supervisors' Primpt Corrective Action: Is There a Case for a Banking Standard in the EU?
Author
  • Larry Wall
  • Maria Nieto
Physical Description
  • preprint
Notes
  • Over the past years, several countries around the world have adopted a system of prudential prompt corrective action (PCA). the European Union countries are being encouraged to adopt PCA by policy analysts who explicitly call for its adoption. To date, most of the discussion on PCA has focussed on its overall merits. This paper focuses on the preconditions needed for the adoption of an effective PCA. These precondtions include conceptual elements such as a prudential supervisory focus on minimizing deposit insurance losses and mandating supervisory action as capital declines. These preconditions also include institutional aspects such as greater supervisory independence and authority, more effective resolution mechanisms and better methods of meauring capital.
  • RePEc:fmg:fmgsps:sp165
Language
  • English
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