Regulating Banks through Public Disclosure-The Case of New Zealand

• Tác giả: Peter Nicholl
• Ngôn ngữ: eng
• Ký hiệu phân loại: 591.99 Specific topics in natural history of animals
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 294791
• Chủ đề: 1. AGENTS; 2. AUDITS; 3. BALANCE SHEET; 4. BANK FAILURES; 5. BANK MANAGEMENT

Tóm tắt

New Zealand has adopted a system of market-based bank regulation to try to reduce moral hazard and fiscal risk for the government. The system introduces new elements of public disclosure and enhanced director responsibility. Although the central bank still monitors banks, it now uses only publicly disclosed information. Judging initial reactions, the author argues that banks find the new approach more demanding than the traditional one.