East Asian Finance: The Road to Robust Markets

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World Bank Publications, Jan 1, 2006 - Business & Economics - 217 pages
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This study analyzes the key issues and constraints -- in terms of efficiency, access and safety and soundness -- faced by East Asian countries in developing their financial markets which are at different stages of development, drawing on global experience. The study takes stock of the initiatives being undertaken at the regional level to foster greater financial integration as a means of deepening and diversifying financial markets, and on the policy issues that need to be addressed at the domestic level to deepen and diversify financial markets and to actually benefit from the actions that are being taken at the regional level.

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Page 51 - The Equitable Treatment of Shareholders: the corporate governance framework should ensure the equitable treatment of all shareholders, including minority and foreign shareholders. All shareholders should have the opportunity to obtain effective redress for violation of their rights.
Page 51 - Disclosure and transparency. The corporate governance framework should ensure that timely and accurate disclosure is made on all material matters regarding the corporation, including the financial situation, performance, ownership, and governance of the company.
Page 51 - THE RESPONSIBILITIES OF THE BOARD The corporate governance framework should ensure the strategic guidance of the company, the effective monitoring of management by the board, and the board's accountability to the company and the shareholders.
Page 192 - Accounting policies are the specific principles, bases, conventions, rules and practices applied by an entity in preparing and presenting financial statements.
Page 201 - ... a security interest in personal property that secures payment or performance of an obligation.
Page 193 - IAS 30 suggests banks should present a balance sheet that groups assets and liabilities by nature and lists them in an order that reflects their relative liquidity.
Page 192 - Fair presentation requires the faithful representation of the effects of transactions, other events and conditions in accordance with the definitions and recognition criteria for assets, liabilities, income and expenses set out in the Framework. The application of IFRSs, with additional disclosure when necessary, is presumed to result in financial statements that achieve a fair presentation.
Page 96 - Prevention of Criminal Use of the Banking System for the Purpose of Money Laundering issued by the Basle Committee on Banking Regulations and Supervisory Practices.
Page 194 - ... the amounts, timing, and certainty of future cash flows associated with those instruments.
Page 96 - Systems, the International Association of Insurance Supervisors, and the International Organization of Securities Commissions.

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