"This paper studies whether compliance with the Basel Core Principles for Effective Banking Supervision (BCP) improves bank soundness. BCP compliance assessments provide a unique source of information about the quality of bank supervision and regulation around the world. The authors find a sign...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Demirgüç-Kunt, Asli 1961- (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	[Washington, D.C] World Bank 2006
Schriftenreihe:	Policy research working paper 3954
Schlagworte:	Bank Banks and banking > State supervision > Case studies Fallstudiensammlung
Online-Zugang:	Volltext
Zusammenfassung:	"This paper studies whether compliance with the Basel Core Principles for Effective Banking Supervision (BCP) improves bank soundness. BCP compliance assessments provide a unique source of information about the quality of bank supervision and regulation around the world. The authors find a significant and positive relationship between bank soundness (measured with Moody's financial strength ratings) and compliance with principles related to information provision. Specifically, countries that require banks to report regularly and accurately their financial data to regulators and market participants have sounder banks. This relationship is robust to controlling for broad indexes of institutional quality, macroeconomic variables, sovereign ratings, as well as reverse causality. Measuring soundness through z-scores yields similar results. The findings emphasize the importance of transparency in making supervisory processes effective and strengthening market discipline. Countries aiming to upgrade banking regulation and supervision should consider giving priority to information provision over other elements of the Core Principles. "--World Bank web site
Beschreibung:	Includes bibliographical references. - Title from PDF file as viewed on 8/28/2006 Erscheinungsjahr in Vorlageform:[2006]
Beschreibung:	1 Online-Ressource (39 Seiten)