Promoting Renewable Energy Through Adaptive Prudential Regulation in Financial Services

2010 ◽  
Author(s):  
Panagiotis Delimatsis
Keyword(s):  
Renewable Energy ◽  
Financial Services ◽  
Prudential Regulation

The Systemic Effects of Prudential Regulation Toughening:The Results of a Stress-test for Russian Banks

2012 ◽  
pp. 4-31 ◽  
Author(s):  
M. Mamonov ◽  
A. Pestova ◽  
O. Solntsev
Keyword(s):  
Financial Services ◽  
Banking Sector ◽  
Stress Test ◽  
Credit Market ◽  
Capital Adequacy ◽  
Government Support ◽  
Government Ownership ◽  
Prudential Regulation ◽  
The Government ◽  
The Stability

The stability of Russian banking sector is threatened by three negative tendencies - overheating of the credit market, significant decrease of banks capital adequacy ratios, and growing problems associated with banks lending to affiliated non-financial corporations. The co-existence of these processes reflects the crisis of the model of private investments in Russian banking sector, which was observed during the last 20 years. This paper analyzes the measures of the Bank of Russia undertaken to maintain the stability of the banking sector using the methodology of credit risk stress-testing. Based on this methodology we conclude that the Bank of Russias actions can prevent the overheating of the credit market, but they can also lead to undesirable effects: further expansion of the government ownership in Russian banking sector and substitution of domestic credit supply by cross-border corporate borrowings. The later weakens the competitive positions of Russian banks. We propose a set of measures to harmonize the prudential regulation of banks. Our suggestions rely on design and further implementation of the programs aimed at developing new markets for financial services provided by Russian banks to their corporate and retail customers. The estimated effects of proposed policy measures are both the increase in profitability and capitalization of Russian banks and the decrease of banks demand for government support.

Part I Regulatory Structure, 2 Statutory Framework for UK Financial Services Regulation

2018 ◽  
Author(s):  
Walker George ◽  
Purves Robert ◽  
Blair Michael
Keyword(s):  
Financial Services ◽  
Regulatory Structure ◽  
Prudential Regulation ◽  
Financial Services Regulation ◽  
Bank Of England ◽  
Break Up ◽  
The Uk ◽  
Regulatory Reforms

This chapter examines the statutory framework for financial services regulation in the UK. The regulatory reforms that culminated in the break-up of the Financial Services Authority (FSA) and the return of regulatory responsibilities to the Bank of England have complicated but in many ways reinforced the original vision of a consolidated statutory framework for all financial services regulation under the Financial Services and Markets Act 2000 (FSMA). The FSMA is undoubtedly more complicated because of the need to accommodate collaboration between the Financial Conduct Authority (FCA) and the Bank of England acting as Prudential Regulation Authority (PRA). The chapter provides an overview of the structure and statutory framework of the FSMA as well as the functions of the FCA and the PRA. It also considers the scope of financial services regulation under the FSMA and the confidentiality of information obtained by the FCA and the PRA in the discharge of their functions.

scholarly journals Financial innovation and climate change: the case of renewable energy certificates and the role of the GATS

2009 ◽  
Vol 8 (3) ◽  
pp. 439-460
Author(s):  
PANAGIOTIS DELIMATSIS
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Financial Services ◽  
Fossil Fuels ◽  
World Trade Organisation ◽  
Secondary Markets ◽  
The Public ◽  
Mitigation And Adaptation ◽  
Production Distribution

AbstractEnergy has come to the forefront of the public debate in the past decade for two main reasons: the first relates to the lack of a secure, continuous, and unconditional energy supply in the importing countries, mostly developed and transition economies, which are still dependent on non-renewable carbon-based fossil fuels. The second reason is that uncontrolled production, distribution, and use of conventional energy may lead to environmental degradation and global warming. Renewable energy certificates (RECs) are instruments that allow countries to promote energy generation from renewables and form part of domestic policies aimed at climate change mitigation and adaptation. Since RECs can be traded in secondary markets, this paper discusses issues raised by the nature of and the trade in RECs which can be of concern for the General Agreement on Trade in Services (GATS) and the multilateral regulation of trade in financial services, notably in the case where World Trade Organisation (WTO) Members undertook sweeping commitments in financial services which equally apply to trade in RECs.

Part I The Industry and Regulatory Context, 2 The UK Regulatory Framework

2014 ◽  
Author(s):  
McMeel Gerard
Keyword(s):  
Financial Services ◽  
Regulatory System ◽  
Regulatory Framework ◽  
Insurance Companies ◽  
Prudential Supervision ◽  
Prudential Regulation ◽  
Financial Firms ◽  
Regulation And Supervision ◽  
The Uk ◽  
Financial Regulatory

This chapter discusses the UK financial regulatory system. The two principal financial regulators are the Prudential Regulation Authority (PRA), responsible for the macro-prudential regulation and supervision of major institutions such as banks and insurance companies; and the Financial Conduct Authority (FCA), with a remit embracing the conduct of business of all financial firms and the micro-prudential supervision of smaller firms. The two regulators were created by the re-writing of the framework Act, the Financial Services and Markets Act 2000, by the Financial Services Act 2012. The chapter provisions of the 2000 Act and describes the FCA's and the PRA's Handbooks.

Part II Financial Services Regulation, 5 The PRA and FCA

2018 ◽  
Author(s):  
Walker George ◽  
Purves Robert ◽  
Blair Michael
Keyword(s):  
Financial Services ◽  
Central Government ◽  
Prudential Regulation ◽  
Services Sector ◽  
Financial Services Sector ◽  
Financial Services Regulation ◽  
Regulated Firms ◽  
The Uk ◽  
Parliamentary Oversight

This chapter focuses on the functions of the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) as statutory regulators of the financial services sector in the UK. It begins with a discussion of the constitutional provisions establishing the FCA and the PRA by virtue of the Financial Services and Markets Act 2000 (FSMA). It then considers the remit of the FCA and the PRA, along with their general functions and duties, statutory objectives, and regulatory principles with respect to financial services regulation. It also examines the boundary between FCA and PRA responsibilities, arrangements for the supervision of regulated firms and for enforcement, and the co-ordination between the FCA and the PRA in the exercise of their function. Finally, it describes the PRA's power of direction, directions relating to consolidated supervision, and central government and Parliamentary oversight of the regulators.

scholarly journals An Analysis of Block Chain Applications In Bitcoin And Smart Grid Technologies

2021 ◽  
Vol 9 (VIII) ◽  
pp. 215-219
Author(s):  
Srujana Vungarala
Keyword(s):  
Renewable Energy ◽  
Smart Grid ◽  
Power Systems ◽  
Financial Services ◽  
Smart Grids ◽  
Distribution Systems ◽  
Energy Resources ◽  
Renewable Energy Resources ◽  
Electrical System ◽  
Block Chain

Blockchain is the nascent technology which has the capability of incorruptible future in making. The blockchain mechanism is regarded for its security. In recent years, many have adopted for Blockchain. This paper tries to analyze some of the game changing technologies using blockchain mechanism. The paper has been framed by using secondary research and the authors’ opinion is also voiced.Blockchain-based application are springing up, covering numerous fields including financial services, Internet of Things (IoT), and Energy distribution systems Smart Grids uses blockchain to control the flow of energy. Blockchain, the foundation of Bitcoin, has received extensive attentions recently. Blockchain serves as an immutable ledger which allows transactions take place in a decentralized manner. Blockchain-Based Smart Grids presents emerging applications of blockchain in electrical system. As, Rapid growth of renewable energy resources in power systems we require a system through which we can monitor the consumption and supply of the electricity. This is sustainable and eco-friendly alternative. This paper is tailored to analyze the blockchain applications in Bitcoin and Smart Grid.

scholarly journals Demystifying the Prudential Carve-out: A proposal

Con-texto ◽  
2015 ◽  
pp. 157
Author(s):  
Samuel Trujillo
Keyword(s):  
World Trade Organization ◽  
International Law ◽  
Financial Services ◽  
World Trade ◽  
Dispute Settlement ◽  
Expert Panel ◽  
Expert Knowledge ◽  
Highly Qualified ◽  
Prudential Regulation ◽  
The World

<p>This article explores how the broadest spirited exception in the framework of the World Trade Organization, commonly referred to as the prudential carve-out, could be applied without adding to or diminishing the rights and obligations of WTO Members. It argues that through the customary rules of interpretation of international law, the only standard applicable to the prudential carve out is that of a reasonable means to ends connection. However, this broad standard of review can be enriched by expert knowledge on financial and prudential regulation, given that the form of dispute settlement established in the Annex to Financial Services of the GATS provides a window for dissecting the concept of “prudential”. The AFS requires that an “expert panel” decide on controversies regarding financial and prudential issues, instead of the ordinary “highly qualified” WTO panel. The article draws on principles developed by the disciplines of micro- and macroprudential regulation to exemplify how expert knowledge can guide an otherwise vague standard of review.</p>

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