Developing a Framework for Effective Financial Crisis Management
31 Pages Posted: 9 Feb 2012 Last revised: 31 May 2012
Date Written: February 9, 2012
This article discusses the roles and responsibilities of the various agencies that are part of the financial system safety net, and it sets out a framework for the decision-making process for these actors in the management of a financial crisis. In this context, the article discusses issues of micro- and macro-prudential oversight and argues that more needs to be done to ensure accountability, independence, transparency and integrity of the various actors of the financial system safety net.
Keywords: banks, contingency planning, financial crisis management, financial system, safety net, financial stability, micro- and macro-prudential regulation, systemic risk
JEL Classification: G15, G21, G28
Suggested Citation: Suggested Citation