Financial Sector Governance: The Roles of the Public and Private Sectors / Edition 1

Financial Sector Governance: The Roles of the Public and Private Sectors / Edition 1

by Robert E. Litan
     
 

ISBN-10: 081575289X

ISBN-13: 9780815752899

Pub. Date: 10/15/2002

Publisher: Brookings Institution Press

A financial system is only as strong as the governing practices and institutions of its participants. The challenge to build efficient and accountable financial institutions that promote confidence is a problem that private financial sector executives and policymakers confront together. In this context, Financial Sector Governance takes a clinical approach to

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Overview

A financial system is only as strong as the governing practices and institutions of its participants. The challenge to build efficient and accountable financial institutions that promote confidence is a problem that private financial sector executives and policymakers confront together. In this context, Financial Sector Governance takes a clinical approach to addressing the challenges in emerging and developed markets in each industry: capital markets, private banks, state-owned banks, asset management companies, public pension funds, and mutual funds. It also explores the linkages between public and private sector governance, and the policy implications for strengthening both sides. Financial Sector Governance emerges from the fourth annual Financial Markets and Development conference, organized by the World Bank, the International Monetary Fund and the Brookings Institution, during which participants from the public and private financial sectors of emerging and developed markets contribute to an expanding dialogue addressing key policy concerns.

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Product Details

ISBN-13:
9780815752899
Publisher:
Brookings Institution Press
Publication date:
10/15/2002
Series:
World Bank/IMF/Brookings Emerging Markets Series
Edition description:
New Edition
Pages:
400
Product dimensions:
6.00(w) x 9.00(h) x (d)

Table of Contents

Foreword
1Strengthening Financial Sector Governance in Emerging Markets1
Pt. 1Governance of the Financial Sector: A Conceptual Framework and Measurement Issues
2Corporate Governance in Finance: Concepts and International Observations17
3Valuing Governance: The "Corruption Premium" in Global Capital Flows51
4Public and Private Misgovernance in Finance: Perverse Links, Capture, and Their Empirics81
Pt. 2Financial Sector Governance and the Role of the Public Sector
5Public Sector Governance and the Finance Sector121
6Financial Crisis Prevention and Management: The Role of Regulatory Governance163
Case StudyThe Governance of Asset Management Companies: Selected Observations209
Case StudyPublic Sector Banks and the Governance Challenge: The Indian Experience235
Pt. 3Governance Issues and Banks
7How Can Banks Exert Better Governance on Corporations? The Polish Experience257
8New Imperatives in Risk Management: A Commercial Bank's Perspective267
Case StudyHow Can Banks Exert Better Governance on Corporations? The Korean Experience277
Case StudyHow Can Banks Exert Better Governance on Corporations? The Zimbabwe Experience285
Pt. 4Governance Issues and the Capital Market
9Governance of Investment Funds303
10How Effective Are Capital Markets in Exerting Governance on Corporations?327
11Governance Issues in Public Pension Fund Management: Preliminary Considerations371
Case StudyMalaysia's Employees Provident Fund and Its Governance: A Critical Review401
Case StudyHow Capital Markets Exert Governance on Corporates: Experience in Chile417
Pt. 5Summaries of Breakout Sessions
12Reports to the Plenary Session425
Governance of Banks by Public Agencies425
Capital Markets' Governance of Corporations428
Effective Governance of the Accounting and Legal Professions430
Asset Management Companies and Governance431
Contributors433
Index435

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