Integrated Financial Supervision: An Institutional Perspective for the Philippines
dc.contributor.author | Melanie S. Milo | |
dc.date.accessioned | 2015-04-10T10:16:24Z | |
dc.date.available | 2015-04-10T10:16:24Z | |
dc.date.issued | 2007-10-15 | |
dc.identifier.uri | http://hdl.handle.net/11540/3669 | |
dc.description.abstract | This paper looks at the issue of reforming financial regulatory structures from the New Institutional Economics perspective. In particular, it examines how the broader institutional environment prevailing in developing countries like the Philippines may affect the institutional arrangements for financial regulation, and how these might be taken into consideration when designing or reforming financial regulatory structures. The paper argues that the state of financial conglomerates in the Philippines does not warrant a shift toward integrated financial supervision. Instead, any effort to reform the financial supervisory structure must explicitly address the country’s most fundamental need, which is to strengthen institutions and governance structures. Key institutional characteristics must already be in place to undertake such a reform successfully, including sound political and legal systems and enforcement mechanisms. That being said, properly structured independent regulatory agencies in the financial sector can play a part in strengthening the overall regulatory environment. | |
dc.language | English | |
dc.publisher | Asian Development Bank | |
dc.rights | CC BY 3.0 IGO | |
dc.rights.uri | http://creativecommons.org/licenses/by/3.0/igo | |
dc.title | Integrated Financial Supervision: An Institutional Perspective for the Philippines | |
dc.type | Working Papers | |
dc.subject.expert | Economic Development | |
dc.subject.expert | Economic Infrastructure | |
dc.subject.expert | Economic Policies | |
dc.subject.expert | Regional Economic Development | |
dc.subject.expert | Microfinance Programs | |
dc.subject.expert | Public Finance | |
dc.subject.expert | Local Financing | |
dc.subject.expert | Financial Stability | |
dc.subject.expert | Financial Sector Regulation | |
dc.subject.adb | Enterprises | |
dc.subject.adb | Financial aid | |
dc.subject.adb | Economies in transition | |
dc.subject.adb | Local Finance | |
dc.subject.adb | Local Government | |
dc.subject.adb | Insurance Companies | |
dc.subject.adb | Banks | |
dc.subject.adb | Social Equity | |
dc.subject.natural | Social responsibility of business | |
dc.subject.natural | Accounting | |
dc.subject.natural | Personal budgets | |
dc.subject.natural | Cost and standard of living | |
dc.subject.natural | Bank accounts | |
dc.subject.natural | Credit control | |
dc.subject.natural | Regulatory reform | |
dc.subject.natural | Banks and banking | |
dc.title.series | ADBI Working Paper Series | |
dc.title.volume | 81 | |
dc.contributor.imprint | Asian Development Bank | |
oar.theme | Economics | |
oar.theme | Finance | |
oar.adminregion | Southeast Asia Region | |
oar.country | Philippines | |
oar.identifier | OAR-004309 | |
oar.author | Milo, Melanie S. | |
oar.import | true | |
oar.googlescholar.linkpresent | true |
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ADBI Working Papers
The Asian Development Bank Institute (ADBI) Working Paper series is a continuation of the formerly named Discussion Paper series which began in January 2003. The numbering of the papers continued without interruption or change. ADBI was established in 1997 in Tokyo, Japan, to help build capacity, skills, and knowledge related to poverty reduction and other areas that support long-term growth and competitiveness in developing economies in Asia and the Pacific.