Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/53459
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dc.contributor.authorMilo, Melanie S.en_US
dc.date.accessioned2011-12-15T12:21:00Z-
dc.date.available2011-12-15T12:21:00Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/53459-
dc.description.abstractThis 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.en_US
dc.language.isoengen_US
dc.publisher|aAsian Development Bank Institute (ADBI) |cTokyoen_US
dc.relation.ispartofseries|aADB Institute Discussion Papers |x81en_US
dc.subject.jelG20en_US
dc.subject.jelG28en_US
dc.subject.jelH11en_US
dc.subject.jelO16en_US
dc.subject.jelP16en_US
dc.subject.ddc330en_US
dc.subject.stwFinanzsektoren_US
dc.subject.stwKonglomeraten_US
dc.subject.stwBankenaufsichten_US
dc.subject.stwNeue Institutionenökonomiken_US
dc.subject.stwPhilippinenen_US
dc.titleIntegrated financial supervision: An institutional perspective for the Philippinesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn551329653en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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