GCCの銀行監督制度に関する分析 : 域内でクロスボーダーに活動する商業銀行を中心として
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概要
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This article explores a desirable regional bank supervision system for the GCC area that ensures the sound development of its integrated financial market put in place in 2008. I will clarify the problems with the present system and requirements for the improvement of the GCC by comparing it with the EU, which realized regional financial integration prior to the GCC. Section II delineates the outline of present bank supervision systems and efforts to improve them in the GCC. The individual regulations and the financial safety nets, which serve to prevent an individual bank failure from developing into a systemic failure of the financial market, however, have not been necessarily in line with global standards as a whole. In addition, there is great diversity in bank supervision systems even among member states. In section III, this article analyzes the progress of region-wide bank supervision system reform within the EU as the de facto sole forerunner for the GCC with the intention to derive useful implications for the GCC. Section IV reviews and analyses those problems deeply involved in the current regional banking supervision systems within the GCC area in detail. As such, the underdeveloped harmonization of regulations and safety nets, as well as supervision approaches among member states, can be pointed out, since they induce moral hazard in banks and in creditors of banks and impair a level playing field in the GCC financial market. In section V, this article concludes that the GCC requires further efforts to put forward the ongoing reform of regional banking supervision. Here, there are two proposals for consideration derived from the experiences of the EU: to harmonize and standardize regulations and safety nets across the GCC area and to establish a pan-GCC institution, which will enact common regulations and directives to be applied in all member states. The point is that introducing EU-type systems would not work in the GCC area at this time, taking into account the fundamental differences between the two regional communities. To devise the best fitting system tailored for the GCC area is a pressing challenge.
- 2011-07-15