Publication:
Getting Finance in South Asia 2010

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dc.contributor.authorSophastienphong, Kiatchai
dc.contributor.authorKulathunga, Anoma
dc.date.accessioned2012-03-19T09:35:00Z
dc.date.available2012-03-19T09:35:00Z
dc.date.issued2010-08-01
dc.description.abstractThe recent global financial meltdown was a revelation in one sense. Before the crisis there had been a belief that banks could never fail, a belief that encouraged overleveraging and excessive risk taking. The complexity of financial instruments, opaqueness of transactions, and sophistication of modeling techniques used by developed country financial institutions all combined to conceal the hollowness of their success. Many financial institutions largely ignored regulatory requirements or preempted them through the use of complex instruments and methods, while risk taking caused profits to rocket to unimaginable levels. Regulatory arbitrage became rampant in this environment. While financial institutions were in a mode of overexpansion, regulators visibly failed to enforce regulations, and the financial institutions took advantage of the regulatory anarchy. All this was an eye-opener for regulators in South Asia, as regulatory lapses and lack of enforcement can lead to potential instability in financial systems. The report evaluates key prudential guidelines issued by the regulatory authority of each country to assess the comparability of data as well as to shed light on the country's level of regulatory development. It also expands the group of benchmark economies to allow comparison with diverse economies in Asia as well as the Western hemisphere. And it includes a special write-up on how South Asian countries and commercial banking sectors are managing the impact of the global financial crisis and economic slowdown.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100825235935
dc.identifier.doi10.1596/978-0-8213-8057-4
dc.identifier.isbn978-0-8213-8057-4
dc.identifier.urihttps://hdl.handle.net/10986/2498
dc.languageEnglish
dc.publisherWorld Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectSOUTH ASIA
dc.subjectFinance
dc.titleGetting Finance in South Asia 2010en
dspace.entity.typePublication
okr.date.disclosure2010-08-25
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100825235935
okr.guid108031468302463964
okr.identifier.doi10.1596/978-0-8213-8057-4
okr.identifier.externaldocumentum000333037_20100825235935
okr.identifier.internaldocumentum12696598
okr.identifier.report56294
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/08/25/000333037_20100825235935/Rendered/PDF/562940PUB0Gett1August0201011PUBLIC1.pdfen
okr.peerreviewAcademic Peer Review
okr.region.administrativeSouth Asia
okr.region.geographicalSouth Asia
okr.unitFinance & PSD Sector Unit (SASFP)
okr.volume1 of 1
relation.isAuthorOfPublication4a6e5fcc-c640-5564-ab69-c7d2f8c10065
relation.isAuthorOfPublication.latestForDiscovery4a6e5fcc-c640-5564-ab69-c7d2f8c10065
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