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Prudential in sentence

117 examples of Prudential in a sentence

For those countries capable of designing and implementing prudential regulations, management of cross-border capital flows becomes less useful and less desirable.
The vast majority of these banks, including Lehman Brothers in the US, had not breached any of the prudential regulations already in place before the crisis.
Instead, they are likely to rely on the prudential rules they are given, happy to see that they remain profitable.
Crony capitalism, corruption, weak rule of law, lack of transparency, inadequate financial regulation and prudential supervision, poor corporate governance, non-enforcement of bankruptcy procedures, an insufficiently open capital account, overly-ambitious industrial policies -- these were the features of Asian countries that supposedly precipitated the Asian financial crisis.
To cite one example: the memorandum of economic policies submitted by the Korean government to the IMF (March 10th, 1999) contains one-and-a-half pages on macroeconomic policy, and twelve densely-packed pages on privatization, financial sector restructuring, prudential regulation and supervision, corporate restructuring, trade and capital account liberalization, and transparency, monitoring and data reporting.
The prudential supervision regime initiated by the Bank of Spain in response to the Spanish banking crises of the 1980’s and 1990’s shows what a sensible middle way might look like.
With most credit pipelines already partly blocked, the shortage of corporate credit will become more severe as regulators finally force banks to embark on a proper mobilization of prudential capital and shrink balance sheets to less risky levels.
The European banking system must be turned into a banking union with the ECB responsible for prudential supervision.
In comparison with Thailand, Indonesia had an adequate provision of prudential rules and regulations.
Bank of England Governor Mark Carney has taken the lead in initiating a prudential review of the impact of climate change on the United Kingdom’s insurance sector.
Long before the Bretton Wood institutions conceded that capital controls could be useful, McKinnon was asserting that, under certain circumstances, such controls might be necessary to supplement prudential banking regulation.
The margin for macroeconomic, prudential, and operating error is similarly small.
Prohibition of certain transactions for prudential reasons also makes sense, particularly for borrowing in foreign currencies by economic agents that do not have revenues in those currencies.
But to capitalize on this opportunity, prudential requirements for such investors must be loosened, so that they can hold diversified portfolios of infrastructure projects.
Advocates of nominal-GDP targeting claim that these prudential measures could be added to create an extended version of their preferred regime.
Now that the European Banking Authority has finally issued new prudential rules, they can get about the business of raising the capital they need as a buffer against losses.
A fashionable approach was known as “twin peaks,” whereby one regulator handled prudential regulation – setting capital requirements – while another oversaw adherence to business rules.
The Dutch model brigaded the prudential regulators inside the central bank, while the Australian version was built on a separate institution.
And it would clearly seem to satisfy the moral or prudential criteria for the use of military force, which, though not yet formally adopted by the United Nations or anyone else, have been the subject of much international debate and acceptance over the last decade.
With the SDR providing a stronger glue at the international monetary system’s core, prudential currency diversification could have been made easier, the need for costly and inefficient self-insurance could have been reduced, and the provision of liquidity could have been made less pro-cyclical.
Such an approach would be a natural extension of the work that has been done on micro- (institution-focused) and macro- (system-focused) prudential measures.
It follows, then, that prudential regulation and competition policy in banking should be coordinated.
Along with strong prudential supervision, this should help manage the vulnerabilities of capital-account volatility and credit booms, and lay the groundwork for the eventual adoption of the euro.
It has been based on eliminating, or at least reducing, two key elements of banking costs closely associated with prudential arrangements.
Avoidance of prudential requirements is at the core of today’s financial crisis, exacerbated by the collapse of confidence in a system based on trust.
Created at the end of last year, the NGFS brings together financial regulators and central banks from 21 countries – including France, China, and Germany – that recognize the threat to financial stability posed by climate change, and the need to assess and manage that risk, in part through prudential supervision.
Irresponsible risk-taking and excessive greed outpaced prudential regulation and supervision.
Specifically, transforming global finance will require changes in prudential regulations, capital requirements, investment-firm culture, and executive compensation, which will require new and more appropriate longer-term benchmarks.
They thought that appropriate macroeconomic policies and prudential regulations (along with support from international financial institutions) would help them deal with any adverse effects.
Officials face a simple choice: maintain strong prudential controls on capital flows, or be prepared to invest a large share of resources in self-insurance by accumulating large foreign reserves.
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