1. International Regulatory Cooperation on the Resolution of Financial Institutions: Where Does India Stand?
- Author:
- Renuka Sane
- Publication Date:
- 04-2015
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation
- Abstract:
- This paper provides a brief description of the principles of cross-border resolution that have emerged after the 2008 global financial crisis, and the progress that has been achieved. The paper then provides an overview of developments on resolution of financial firms in India. It finds that while there is cognizance of the need for international cooperation on resolution, the focus is on first developing institutional capacity on domestic resolution that can interact with the international community in the future. The policy choices of India may be reflective of the thinking in a large number of emerging markets, which considerably lag behind the more developed markets, partly due to lower interconnectedness and partly due to limited experience in domestic resolution.
- Topic:
- Development, Emerging Markets, International Trade and Finance, Political Economy, and Financial Crisis
- Political Geography:
- India