Financial Stability Review
Risk Assessment Articles
2000
2005 2004 2003 2002 2001 2000 1999 1998 1997
The
Early 1990s Small Banks Crises - Leading Indicators
(193k)
(Issue 9, December 2000)
Twenty five banks failed or closed because of problems in the small banks crisis in the UK in the early 1990s. This article investigates whether the banks that would go on to fail shared any common characteristics. Identification of such leading indicators should be useful for the Bank's surveillance of the banking sector.
Leading
Indicator Models of Banking Crises - A Critical Review
(195k)
(Issue 9, December 2000)
The recent financial crises in south-east Asia have stimulated a significant body of empirical research on the subject of potential leading indicators of banking crises. In particular, a number of statistical models have been developed that may be used to provide early warning of impending banking problems. This article reviews the results of a selection of recent empirical studies and assesses the practical usefulness of these leading indicator models.
Banking
System Liquidity: Developments and Issues
(393k)
(Issue 9, December 2000)
Crises
Prevention and Resolution - Two Aspects of Financial Stability
(102k)
(Issue 9, December 2000)
In this speech, delivered at The South Bank University Centre for Monetary and Financial Economics on 6 September 2000,the Deputy Governor focused on the Bank 's second core purpose of maintaining the stability of the financial system. In particular he discussed surveillance and two issues currently under debate. The first relates, in the context of the revision of the Basel Accord, to the aggregate capital in the banking system and the optimal level of bank capital. The second concerns the international financial architecture and the respective roles of the private and official sector in dealing with liquidity crises.
International
Standards and Codes
(104k)
(Issue 9, December 2000)
The international community, through the International Monetary Fund (IMF), the World Bank and various standard-setting bodies, has embarked on a programme of developing standards and codes covering a number of areas of economic and financial policy. It has called on the IMF, with the assistance of the World Bank, to oversee and co-ordinate the assessment of countries 'progress in implementing these standards. Countries are being encouraged to allow publication of the assessments, with the intention that they should be available to private sector firms, as a contribution to their risk management processes. While full implementation is likely to take many years, standards should help to improve policy making and establish more resilient domestic financial systems, which should in turn reinforce the stability of the international financial system.
G10
Seminar on Systems for Assessing Banking System Risk
(47k)
(Issue 8, June 2000)
G10 central banks and regulatory authorities employ monitoring and early warning systems of banking risk. This article summarises a seminar hosted by the Bank in March 2000 on recent developments in their construction and performance.
Key Resources
|
Memorandum of Understanding between HM Treasury,
the Bank of England and the Financial Services Authority
Download PDF (50k) |
