Actual trends of financial system regulation changes

Authors

  • Драгана Башић Faculty of Economics, University of Banja Luka

Keywords:

Regulation of Financial System, Risks in Banking, Basel Agreements, Regulatory Dialectic, Harmonization of Banking Regulation

Abstract

Every financial system due to risks of its complexity, dynamism and openness, is inevitably controlled and regulated by local and international regulations. Advantages of regulation for the health of the financial system are multiple, but the question is where are the boundaries of control and regulation, when it outgrows its e?ects and becomes the source of opportunity losses.

This paper explores the genesis of control and regulation development in economy and financial system of a country, defines its domain and measures of e?ects, and highlights the positive e?ects and limitations of state intervention, i.e. regulation and supervision from the aspect of variations in conditions of their application.

The process of harmonization of banking regulation and supervision at the international level is very important and happens analogous to implementation of the Basel agreements. The introduction and implementation of Basel agreements standards and recommendations of the Basel Committee has certainly contributed to financial stabilization of the banking system, and harmonization of international financial standardized reports necessary for rational decision-making during investment. Like any process, these processes will inevitably require some analysis of the benefits and costs of their implementation, and analysis of their cost-e?ectiveness.

Downloads

Download data is not yet available.

References

Bhatia, A. V. (2011). Consolidated Regulation and Supervision in the United States. IMF Working Paper 11/23.

Borio, C. (2011). Central banking post-crisis: What compass for uncharted waters? BIS Working Papers, No 353. September

Божић, Р. (1999). Банкарске кризе и реструктурирање банака. Српско Сарајево: Економски факултет

Van Hoose, D., Miller, L. R. (1997). Модерни новац и банкарство. Загреб: Мате

Galati, G., Moessner, R. (2011). Macroprudential policy – a literature review. BIS Working Papers, No 337. February

Jaime, Caruana. Базел III: Према сигурнијем финансијском систему. Банкарство, бр. 9/10 (2010)

Koch, W. T., MacDonald, S. S. (2003). Bank Management. 5th edition, USA: South-Western, Tomson Learning

Mishkin, S. F. (2010). Ekonomija novca, bankarstva i fnancijskih tržišta. 8. izd. Zagreb: Mate

Оте, М. (2009). Слом долази: нова светска економска криза и шта ви сада можете да учините. Бања Лука: Романов

Прашникар, Ј., Лесковец, Д. Реакција различитих капиталистичких система на појаву економске кризе. Acta Economica. 12 (2010)

Плакаловић, Н. (2004). Монетарна економија - Теорија институције и политика. Српско Сарајево: Завод за уџбенике и наставна средства

Rose, S. P., Hudgins, C. S. (2005). Банкарски менаџмент и финансијске услуге. Београд: Дата статус,

Ристић, Ж. (1990). Тржиште капитала - теорија и пракса. Београд

Sinha, A. (2012). Financial Sector Regulation and Implications for Growth. Financial sector regulation for growth, equity and stability. BIS Paper No. 62. January

Subbarao, D. (2012). Financial regulation for growth, equity and stability in the post-crisis world. Financial sector regulation for growth, equity and stability. BIS Paper No. 62. January

Shin, H. S. (2011). Macroprudential policies beyond Basel III. Macroprudential regulation and policy. BIS Paper No. 60. January

Ченић Јотановић, Г. (2006). Међународни економски односи. Бања Лука: Економски факултет

Chan-Lau, J.A. (2011). Fat Tails and their (Un)happy Endings:Correlation Bias and its Implications for Systemic Risk and Prudential Regulation. IMF Working Paper 11/82, April

Čihák, M., Tieman A. (2008). Quality of Financial Sector Regulation and Supervision Around the World. IMF Working Paper 08/190, August 01

Downloads

Published

2012-02-29

How to Cite

Башић, Д. (2012). Actual trends of financial system regulation changes. Acta Economica, 10(16), 173–198. Retrieved from http://ae.ef.unibl.org/index.php/AE/article/view/140

Issue

Section

Review article