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Bank Regulation And The Use Of Prompt Corrective Action
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Book Synopsis Bank Regulation and the Use of Prompt Corrective Action by : David Garcia
Download or read book Bank Regulation and the Use of Prompt Corrective Action written by David Garcia and published by Nova Novinka. This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Dodd-Frank Wall Street Reform and Consumer Protection Act requires the Financial Stability Oversight Council to submit a report to Congress regarding the implementation of prompt corrective action (PCA) by the Federal banking agencies. This book discusses the existing PCA framework and the findings and recommendations of the Government Accountability Office study. It also highlights lessons learned from the financial crisis and outlines actions taken that could affect PCA, as well as additional steps to modify the PCA framework that could be considered.
Book Synopsis Bank Regulation: Modified Prompt Corrective Action Framework Would Improve Effectiveness by : A. Nicole Clowers
Download or read book Bank Regulation: Modified Prompt Corrective Action Framework Would Improve Effectiveness written by A. Nicole Clowers and published by DIANE Publishing. This book was released on 2011 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than 300 insured depository institutions have failed since the current financial crisis began in 2007, at an estimated cost of almost $60 billion to the deposit insurance fund (DIF), which covers losses to insured depositors. Since 1991, Congress has required federal banking regulators to take prompt corrective action (PCA) to identify and promptly address capital deficiencies at institutions to minimize losses to the DIF. This report examines: (1) the outcomes of regulators¿ use of PCA on the DIF; (2) the extent to which regulatory actions, PCA thresholds, and other financial indicators help regulators address likely bank trouble or failure; and (3) options available to make PCA a more effective tool. Charts and tables. This is a print on demand report.
Author :United States Government Accountability Office Publisher :Createspace Independent Publishing Platform ISBN 13 :9781983544132 Total Pages :92 pages Book Rating :4.5/5 (441 download)
Book Synopsis Bank Regulation by : United States Government Accountability Office
Download or read book Bank Regulation written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-01-05 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bank Regulation: Modified Prompt Corrective Action Framework Would Improve Effectiveness
Book Synopsis Banking Regulation and Prompt Corrective Action by : Bruno Maria Parigi
Download or read book Banking Regulation and Prompt Corrective Action written by Bruno Maria Parigi and published by . This book was released on 2013 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: We explore the rationale for regulatory rules that prohibit banks from developing some of their natural activities when their capital level is low, as epitomized by the US Prompt Corrective Action (PCA). This paper is built on two insights. First, in a moral hazard setting, capital requirement regulation may force banks to hold a large fraction of safe assets which, in turn, may lower their incentives to spend effort in risky assets. Second, agency problems may be more severe in certain asset classes than in others. Taken together, these two ideas explain why, surprisingly, capital regulation, which may cope with risk and adverse selection, is unable to address issues related to moral hazard. Hence, instead of forcing banks to hold a large fraction of safe assets, prohibiting some types of investment and allowing ample scope of investment on others may be the only way to preserve incentives and guarantee funding. In particular, providing incentives to devote effort in the most opaque asset classes may prove to be excessively costly in terms of the required capital and thus inefficient. We show that the optimal capital regulation consists of a rule that a) allows well capitalized banks to freely invest any amount in any risky asset, b) prohibits banks with intermediate levels of capital to invest in the most opaque risky assets, and c) prohibits undercapitalized banks to invest in any risky asset.
Book Synopsis Banking Regulation & Prompt Corrective Action by :
Download or read book Banking Regulation & Prompt Corrective Action written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Dynamic Prudential Regulation by : Ilhyock Shim
Download or read book Dynamic Prudential Regulation written by Ilhyock Shim and published by . This book was released on 2006 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prompt Corrective Action (PCA) prescribes prompt and deterministic termination of banks with insufficient levels of book-value capital. This paper investigates whether reliance on book-value capital is a good policy choice and if PCA is an optimal regulatory approach. I use a variant of DeMarzo and Fishman's (2004) dynamic model of entrepreneurial finance to model interactions between a banker and a regulator. Under hidden choice of risk, private information on returns, limited commitment by the banker and costly liquidation, I first characterize the optimal incentive-feasible allocation, and then demonstrate that the optimal allocation is implementable through the combination of a risk-based deposit insurance premium and a book-value capital regulation with prompt and stochastic termination/bailout rather than deterministic termination with no bailout as in PCA. I also show that partial termination can be used instead of stochastic termination.
Book Synopsis Banking Regulation and Prompt Corrective Action by : Xavier Freixas
Download or read book Banking Regulation and Prompt Corrective Action written by Xavier Freixas and published by . This book was released on 2007 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Analysis of the Implementation of Prompt Corrective Action by : David S. Jones
Download or read book An Analysis of the Implementation of Prompt Corrective Action written by David S. Jones and published by . This book was released on 1992 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Bank Supervision by : United States. General Accounting Office
Download or read book Bank Supervision written by United States. General Accounting Office and published by . This book was released on 1991 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Reconsidering Bank Capital Regulation by : Connel Fullenkamp
Download or read book Reconsidering Bank Capital Regulation written by Connel Fullenkamp and published by International Monetary Fund. This book was released on 2014-09-15 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite revisions to bank capital standards, fundamental shortcomings remain: the rules for setting capital requirements need to be simpler, and resolution should be an essential part of the capital requirement framework.We propose a new system of capital regulation that addresses these needs by making changes to all three pillars of bank regulation: only common equity should be recognized as capital for regulatory purposes, and risk weighting of assets should be abandoned; capital requirements should be assigned on an institution-by-institution basis according to a regulatory (s,S) approach developed in the paper; a standard for prompt, corrective action is incorporated into the (s,S) approach.
Book Synopsis Prompt Corrective Action in Banking by : G.G. Kaufman
Download or read book Prompt Corrective Action in Banking written by G.G. Kaufman and published by Elsevier. This book was released on 2002 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: In December 1991, the US Congress enacted and President George Bush signed Federal Deposit Insurance Corporation Improvement Act (FDICIA). This title provides knowledge on improving the performance of banking systems. It is useful to researchers and policy-makers both in evaluating regulatory structures and in designing modified structures.
Book Synopsis Optimality of Prompt Corrective Action in a Continuous-Time Model with Recapitalization Possibility by : Quynh-Anh Vo
Download or read book Optimality of Prompt Corrective Action in a Continuous-Time Model with Recapitalization Possibility written by Quynh-Anh Vo and published by . This book was released on 2010 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prompt Corrective Action (PCA) is a system of predetermined capital/asset ratios that trigger supervisory actions by a banking regulator. Our paper addresses the optimality of this regulation system by adapting a dynamic model of entrepreneurial finance to banking regulation. In a dynamic moral hazard setting, we first derive the optimal contract between the banker and the regulator and then implement it by a menu of regulatory tools. Our main findings are the following: first, the insurance premium is a risk-based premium where the risk is measured by the capital level; second, our model implies a capital regulation system that shares several similarities with the US PCA. According to our proposed system, regulatory supervision should be realized in the spirit of gradual intervention and the book-value of capital is used as information to trigger intervention. Banks with high capital are not subject to any restrictions. Dividend distribution is prohibited in banks with intermediate level of capital. When banks have low capital level, a plan of recapitalization is required and in the worst case, banks are placed in liquidation.
Book Synopsis Forbearance and Prompt Corrective Action by : Narayana Rao Kocherlakota
Download or read book Forbearance and Prompt Corrective Action written by Narayana Rao Kocherlakota and published by . This book was released on 2005 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates whether a bank regulator should terminate problem banks promptly or exercise forbearance. We construct a dynamic model economy in which entrepreneurs pledge collateral, borrow from banks, and invest in long-term projects. We assume that collateral value has aggregate risk over time, that in any period entrepreneurs can abscond with the projects but losing the collateral, and that depositors can withdraw deposits. We show that optimal regulation exhibits forbearance if the ex-ante probability of collapse in collateral value is sufficiently low, but exhibits prompt termination of problem banks if this probability is sufficiently high.
Book Synopsis Essays on Dynamic Banking Regulation by : Ilhyock Shim
Download or read book Essays on Dynamic Banking Regulation written by Ilhyock Shim and published by . This book was released on 2005 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Bank and thrift regulation : implementation of FDICIA'S prompt regulatory action provisions : report to congressional committees by :
Download or read book Bank and thrift regulation : implementation of FDICIA'S prompt regulatory action provisions : report to congressional committees written by and published by DIANE Publishing. This book was released on with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance Publisher : ISBN 13 : Total Pages :452 pages Book Rating :4.0/5 ( download)
Book Synopsis Restructuring of the Banking Industry by : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance
Download or read book Restructuring of the Banking Industry written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance and published by . This book was released on 1991 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Managing the Crisis written by and published by . This book was released on 1998 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deals with the result of a study conducted by the FDIC on banking crisis of the 1980s and early 1990s. Examines the evolution of the processes used by FDIC and RTC to resolve banking problems, protect depositors and dispose of the assets of the failed institutions.
