| Regulation and Supervision of Financial Institutions in the NAFTA Countries and Beyond 1997 Edition Contributor(s): Von Furstenberg, George M. (Editor) |
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ISBN: 0792398661 ISBN-13: 9780792398660 Publisher: Springer OUR PRICE: $104.49 Product Type: Hardcover - Other Formats Published: March 1997 Annotation: This volume goes into essential detail in assessing banking and finance regulations, supervision, and prudential and operating standards in the NAFTA countries in a global context. This volume reviews the laws, regulations, and operations of the banking and financial systems of the NAFTA countries. It addresses such issues as the fairness of national treatment accorded to foreign financial institutions, regulatory competition between agencies and system approaches, and the efficiency effects of financial conglomeration. There is an underlying concern with the control of systemic risk and moral hazards that arise in the financial sector, as well as in the payment and settlement system, and from deposit insurance. In view of the interplay of global standards and national politics, this volume gives an overview of global and European-Union (EU) approaches to sound finance (Parts I and II), before taking up regulatory competition and harmonization within and between the NAFTA partner countries (Parts III to V). |
| Additional Information |
| BISAC Categories: - Gardening - Law | Administrative Law & Regulatory Practice - Business & Economics | Finance - General |
| Dewey: 337 |
| LCCN: 96052830 |
| Physical Information: 0.69" H x 6.14" W x 9.21" (1.29 lbs) 264 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Since the North American Free Trade Agreement (NAFTA) took effect at the start of 1994, production and trade in goods and services have become ever more integrated in the region. Banking and financial systems thus also must increasingly inform, adjudicate, transact, invest, insure, and intermedi- ate all across North America. Presently, however, there is no single, or up- to-date source of information on the banking and finance systems of the current NAFTA countries-Canada, the United States, and Mexico. Relying on top specialists from international financial organizations, central banks, regulatory authorities, and universities, this and a companion volume together bridge that information gap. The focus is not just on description but on regulatory and institution-building challenges posed by the opening up of domestic financial markets, and on the political economy of reforms. The ultimate goal is to enhance the process of safe and efficient integration by policies, regulations, and private initiatives that contribute to the welfare of people in North America and beyond. This volume goes into essential detail in assessing banking and finance regulations, supervision, and prudential and operating standards in the NAFTA countries in a global context. |