Subsidiaries or Branches: Does One Size Fit All?

Business & Finance, Economics, Money & Monetary Policy, Macroeconomics
Cover of the book Subsidiaries or Branches: Does One Size Fit All? by Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti ISBN: 9781462302123
Publisher: INTERNATIONAL MONETARY FUND Publication: March 1, 2011
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti
ISBN: 9781462302123
Publisher: INTERNATIONAL MONETARY FUND
Publication: March 1, 2011
Imprint: INTERNATIONAL MONETARY FUND
Language: English

This study proposes to make an assessment of the trade-offs emanating from the adoption of the stand-alone subsidiarization (SAS) model of global banking. In the aftermath of the global financial crisis, the United Kingdom Financial Services Authority (FSA) proposed SAS as a possible practical avenue to lessen risk of contagion of macro-financial problems by re-organizing internationally active banks into financially self-sufficient, independently management constellations. While SAS exerts a potential stabilizing influence on global financial markets by containing financial sector dislocation at its point of origin, its costs—in terms of potential decrease in global capital flows, a discrete change in financial institutions’ business models and returns, and risk management capacity of globally active institutions—may be substantial. The paper will assess the distribution of these benefits and costs across various stakeholders—home and host countries and the financial institutions—at different points in the business cycle. It will also examine whether some intermediate solutions recently proposed by the Fund provide a more practical way forward in view of the cost-benefit analysis of SAS.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This study proposes to make an assessment of the trade-offs emanating from the adoption of the stand-alone subsidiarization (SAS) model of global banking. In the aftermath of the global financial crisis, the United Kingdom Financial Services Authority (FSA) proposed SAS as a possible practical avenue to lessen risk of contagion of macro-financial problems by re-organizing internationally active banks into financially self-sufficient, independently management constellations. While SAS exerts a potential stabilizing influence on global financial markets by containing financial sector dislocation at its point of origin, its costs—in terms of potential decrease in global capital flows, a discrete change in financial institutions’ business models and returns, and risk management capacity of globally active institutions—may be substantial. The paper will assess the distribution of these benefits and costs across various stakeholders—home and host countries and the financial institutions—at different points in the business cycle. It will also examine whether some intermediate solutions recently proposed by the Fund provide a more practical way forward in view of the cost-benefit analysis of SAS.

More books from INTERNATIONAL MONETARY FUND

Cover of the book Finance & Development, March 1981 by Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti
Cover of the book Modernizing China's Growth Paradigm by Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti
Cover of the book Controlled Capital Account Liberalization: A Proposal by Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti
Cover of the book Users' Guide to the SDR: A Manual of Transactions and Operations in Special Drawing Rights by Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti
Cover of the book Macroprudential and Microprudential Policies: Towards Cohabitation by Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti
Cover of the book Capital Controls: Country Experiences with Their Use and Liberalization by Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti
Cover of the book Modern Banking and OTC Derivatives Markets: The Transformation of Global Finance and its Implications for Systemic Risk by Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti
Cover of the book Policies to Address Banking Sector Weakness: Evolution of Financial Markets and Institutional Indicators by Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti
Cover of the book IMF Involvement in International Trade Policy Issues by Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti
Cover of the book Hedge Funds and Financial Market Dynamics by Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti
Cover of the book Bank Size and Systemic Risk by Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti
Cover of the book Currency Board Arrangements: Issues and Experiences by Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti
Cover of the book Redesigning the Contours of the Future Financial System by Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti
Cover of the book Expenditure Composition and Economic Development in Benin by Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti
Cover of the book Household Balance Sheets by Jonathan Fiechter, Inci Ms. Ötker, Anna Ilyina, Michael Hsu, Andre Mr. Santos, Jay Surti
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy