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Confronting Divergent Interests in Cross-Country Regulatory Arrangements

In: Cross-Border Banking Regulatory Challenges

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  • Edward J. Kane

    (Boston College, New Zealand)

Abstract

The following sections are included:Trans-Tasman Regulatory Harmonization as an Illustrative CasePrimacy of Controlling Incentive ConflictDifficulty of Resolving Divergences in Regulatory CultureThe concept of regulatory cultureSimilarities in Australian and New Zealand regulatory culturesDifferences in the allocation and implementation of legal authorityInteraction of differences in monitoring methods, rules, and enforcementSummaryThe Role of Regulatory Culture in the Insolvency Detection and Bank Failure ProcessCrisis-driven reforms in New Zealand and the United StatesPotential conflict between the Australian and New Zealand strategies for insolvency detectionSummaryReferences

Suggested Citation

  • Edward J. Kane, 2006. "Confronting Divergent Interests in Cross-Country Regulatory Arrangements," World Scientific Book Chapters, in: Gerard Caprio Jr & Douglas D Evanoff & George G Kaufman (ed.), Cross-Border Banking Regulatory Challenges, chapter 18, pages 265-285, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812773418_0018
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    References listed on IDEAS

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    1. Altunbas, Yener & Marqués, David, 2008. "Mergers and acquisitions and bank performance in Europe: The role of strategic similarities," Journal of Economics and Business, Elsevier, vol. 60(3), pages 204-222.
    2. Honohan, Patrick & Klingebiel, Daniela, 2003. "The fiscal cost implications of an accommodating approach to banking crises," Journal of Banking & Finance, Elsevier, vol. 27(8), pages 1539-1560, August.
    3. Gerard Caprio & Patrick Honohan, 2008. "Banking Crises," Center for Development Economics 2008-09, Department of Economics, Williams College.
    4. Philippe Aghion, Patrick Bolton & Steven Fries, 1999. "Optimal Design of Bank Bailouts: The Case of Transition Economies," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 155(1), pages 1-51, March.
    5. Schüler, Martin, 2003. "Incentive Problems in Banking Supervision: The European Case," ZEW Discussion Papers 03-62, ZEW - Leibniz Centre for European Economic Research.
    6. Geof Mortlock, 2003. "New Zealand's financial sector regulation," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 66, December.
    7. Peter Ledingham, 1995. "The review of bank supervision arrangements in New Zealand: the main elements of the debate," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 58, September.
    8. Geof Mortlock, 2003. "Summary of a new Reserve Bank of New Zealand paper: Overview of New Zealand financial sector regulation," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 66, pages 1-1, September.
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    Cited by:

    1. Robert A. Eisenbeis, 2007. "Home Country Versus Cross-Border Negative Externalities in Large Banking Organization Failures and How to Avoid them," World Scientific Book Chapters, in: Douglas D Evanoff & George G Kaufman & John R LaBrosse (ed.), International Financial Instability Global Banking and National Regulation, chapter 13, pages 181-200, World Scientific Publishing Co. Pte. Ltd..
    2. Edward J. Kane, 2016. "A Theory of How and Why Central-Bank Culture Supports Predatory Risk-Taking at Megabanks," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 44(1), pages 51-71, March.
    3. Edward J. Kane, 2014. "Insurance Contracts and Derivatives that Substitute for Them: How and Where Should Their Systemic and Nonperformance Risks be Regulated?," NFI Policy Briefs 2014-PB-03, Indiana State University, Scott College of Business, Networks Financial Institute.
    4. International Monetary Fund, 2006. "Euro Area Policies: Selected Issues," IMF Staff Country Reports 2006/288, International Monetary Fund.
    5. Tim Ng, 2007. "The Reserve Bank’s policy on outsourcing by banks," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 70, June.
    6. Marcelo Rezende, 2011. "How do joint supervisors examine financial institutions? the case of state banks," Finance and Economics Discussion Series 2011-43, Board of Governors of the Federal Reserve System (U.S.).
    7. Marcelo Rezende, 2011. "How Do Joint Supervisors Examine Financial Institutions? The Case of Banks," Chapters, in: Sylvester Eijffinger & Donato Masciandaro (ed.), Handbook of Central Banking, Financial Regulation and Supervision, chapter 18, Edward Elgar Publishing.

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    More about this item

    Keywords

    Cross-Border Banking; Home-Host Coordination; International Banking; International Bank Mergers; Regulation of Cross-Border Banking; Failure of Internationally Active Banks; Geographic Expansion in Banking;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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