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Nonbank financial institutions --- Trust companies --- Mutual funds --- Law and legislation --- China --- Mutual funds. --- China.

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Variants of nonbank credit intermediation differ greatly. We provide a conceptual framework to help distinguish various characteristics—structural features, economic motivations, and risk implications—associated with different forms of nonbank credit intermediation. Anchored by this framework, we take stock of the evolution of shadow banking and the extent of its transformation into market-based finance since the global financial crisis. In light of the substantial regulatory and supervisory responses of recent years, we highlight key areas of progress while drawing attention to elements where work still needs to be done. Case studies of policy challenges arising in different jurisdictions are also discussed. While many of the amplification forces that were at play during the global financial crisis have diminished, the post-crisis reform agenda is not yet complete, and policy makers must remain attentive to new challenges looming on the horizon.

Financial institutions --- Finance --- Credit --- Stock exchanges --- Business & economics --- Law --- Nonbank financial institutions. --- Intermediation (Finance) --- Credit. --- Law and legislation. --- Banking --- Banks and Banking --- Banks and banking --- Banks --- Commercial banks --- Depository Institutions --- Finance: General --- Financial sector policy and analysis --- Financial sector stability --- Financial services industry --- Financial services --- General Financial Markets: Government Policy and Regulation --- Industries: Financial Services --- Law and legislation --- Loans --- Micro Finance Institutions --- Monetary economics --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Money and Monetary Policy --- Money --- Mortgages --- Nonbank financial institutions --- Shadow banking --- United States

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This Selected Issues paper analyzes fiscal management and strategy for growth for Vanuatu. It presents an overview of recent fiscal policy and outcomes. The main structural changes in the financial sector since independence in 1980 are discussed. The paper highlights some key features common to most Pacific Island countries’ financial systems. It concludes that despite the recovery from the 1998 financial crisis, the financial system needs further reforms to promote private sector-led development in the medium term.

Banks and Banking --- Industries: Financial Services --- Financial Risk Management --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- International Lending and Debt Problems --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Financial Crises --- Banking --- Finance --- Economic & financial crises & disasters --- Offshore financial centers --- Commercial banks --- Nonbank financial institutions --- Bank deposits --- Financial services --- Financial institutions --- Financial crises --- Banks and banking --- International finance --- Financial services industry --- Vanuatu

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This paper provides a proposal to incorporate the Core Principles for Islamic Finance Regulation (Banking Sector) (CPIFR) issued by the Islamic Financial Services Board (IFSB), as part of the standards used in assessing the banking regulatory and supervisory regimes of relevant member jurisdictions under the Financial Sector Assessment Program (FSAP) and the Reports on Observance of Standards and Codes (ROSCs). The CPIFR largely reflects the order of the Basel Core Principles on Effective Banking Supervision (BCP), with five additional principles that are specific to Islamic banking operations. Thus, for countries that have systemically significant Islamic banking sector, the assessment of the banking regulation and supervision regime of the jurisdiction would be against the CPIFR (for fully Islamic banking systems) or BCP and the five additional core principles under the CPIFR (for dual banking systems). The Fund staff is seeking the endorsement of the Executive Board on this proposal.

Banks and banking --- Financial risk management. --- Banking --- Banks and Banking --- Banks --- Basel Core Principles --- Commercial banks --- Depository Institutions --- Finance --- Finance: General --- Financial Economics --- Financial services law & regulation --- General Financial Markets: Government Policy and Regulation --- Islamic Banking and Finance --- Islamic banking --- Islamic countries --- Islamic finance --- Law and legislation --- Micro Finance Institutions --- Mortgages --- Nonbank financial institutions --- Other Economic Systems: Public Economics --- State supervision

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In 2004, the mutual fund industry of Costa Rica experienced a massive run by investors that reduced the industry to half its size in a month. This paper explores how weaknesses in the regulatory framework played a role in the crisis and draws lessons for developing countries. The analysis of events demonstrates the need for developing countries to design a multi-pillar framework for securities regulation as well as to strengthen financial literacy and capacity building. At the micro level it shows the importance of market conduct rules and the challenges that the implementation of mark-to-market poses for developing markets.

Economic forecasting --- Mutual funds --- Investment companies --- Investment trusts --- Open-end mutual funds --- Profit-sharing trusts --- UITs --- Unit investment trusts --- Unit trusts --- Economics --- Forecasting --- Investments --- Investment clubs --- Economic indicators --- Banks and Banking --- Finance: General --- Industries: Financial Services --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- General Financial Markets: General (includes Measurement and Data) --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Finance --- Banking --- Securities markets --- Nonbank financial institutions --- Money markets --- Capital market --- Financial services industry --- Money market --- Banks and banking --- Costa Rica