Vietnam: banking sector transformation and OMC accession

Vietnam accession to WTO has been officially confirmed 11 January 2007. If markets opening can introduce higher international competition, it will foster the reform of the banking sector.Vietnam, WTO, banking sector liberalization

Electronic wallet development determinants:Theoretical and empirical analysis: Moneo in France

This work exposes the nature of electronic money and analyses the development potential of the French experience Moneo. Our study shows the unsufficient capacity of the model itself to reach 500 million transactions, seen as a mature market.Electronic money, electronic purse, France

The United-States : "primitive soup" of the financial turmoil

It is likely that such a crisis could not be born somewhere else only in the United States. The "current financial disaster" is the fruit of the combination of specific factors in the US, where elements were gathered to catalyse such a crisis, like, someway, some "primal soup" where were combined all the ingredients favorable to the emergence of the life on our planet (Brack A ., 1998). The conjunction of these factors was made worse as these last ones were contagious because of the globalization.Financial crisis; United States

Financial services in the euro-mediterranean partnership : banking

Towards the goal to gather a better understanding of the banking structure and the regulatory practices in place, the Working Group on Financial Services in the Euro-Mediterranean Partnership developed a survey. This survey is based on a questionnaire which was addressed to the States of the MEDA region. The questionnaire tackled various topics related to the banking regulation, supervisory institutions in charge and the prevalent market conditions such as current market data. Furthermore the jurisdictions were asked to assess the compliance with the Core Principles for Effective Banking Supervision (BIS 25) in their countries. Essential Banking laws and regulations are now in place in most countries of the region and Central Banks are upgrading their oversight capacity. Management systems are becoming more and more sophisticated and often include enhanced risk-based supervision functions procedures, with related manuals for supervision and training of staff. Bank Corporate governance as well as regulatory compliance with capital adequacy ratios have signifi cantly improved as a result of staff better prepared to carry out their newly introduced or strengthened obligations. Despite progress and a number of successful reforms, several challenges remain and need to be addressed to prepare the banking industry. Some of the necessary reforms would also facilitate fi nancial integration in the region accommodating the envisaged free trade: - Strengthen the soundness of the banking systems in all countries. In particular it is important to reduce the high level of non performing loans, to restructure state-owned banks, and to secure compliance with prudential rules ; - Increase competition in the banking system. Notably, extensive state ownership and restrictions on foreign bank entry stifl e competition and fi nancial deepening in the region; opening up the banking sector for commercial banks both for domestic credit institutions and those abroad is a solution ; - Deepen the fi nancial markets where they are bankdominated. Financial markets (money, interbank, foreign exchange, equity, and securities markets) are nascent or shallow in most countries, and nonbank fi nancial institutions are generally underdeveloped ; - Upgrade financial sector infrastructure. In particular, accounting and auditing practices, transparency and corporate governance, the legal and judicial framework, and the payment systems need to be strengthened.Euromed MEDA; Banking; Convergence; Mediterranean countries; European Union

Foreign banks in Central and Eastern Europe : source of vulnerability or stabilization factor?

We study the impact of foreign banks' presence in Central and Eastern Europe's countries on their economic development and on the financial crisis they went through. We show that, despite a certain vulnerability of the domestic banking systems, the consequences of the opening of the banking markets to the foreign banks was globally positive. Thanks to local acquisitions by foreign investors, domestic banks have been recapitalized and transformed into effective and profitable banks with modern methods of risk management. Their access to international financial markets allowed the increase of credit supply and returned this supply less sensitive to domestic shocks. Without this opening the existing financing methods would not have been adequate to the economic development these countries knew the last years. The presence of foreign banks is so identified as a factor of stabilization.Financial crisis; contagion; economic development; regional integration; foreign banks;

What do we expect form global finance after the crisis? The four forgotten Commandments

The recent crisis should not be used to prouve the failure of the entire financial system. Global banking systems are regulated by rules, that have not been applied correctly all over the place. And just one "hole" in the regulatory net is sufficient to make it useless.Financial crisis, core banking economics, banking model, transparency, state intervention, market discipline

États-Unis,“soupe primitive” de la crise financière

It is likely that such a crisis could not be born somewhere else only in the United States. The "current financial disaster" is the fruit of the combination of specific factors in the US, where elements were gathered to catalyse such a crisis, like, someway, some "primal soup" where were combined all the ingredients favorable to the emergence of the life on our planet (Brack A ., 1998). The conjunction of these factors was made worse as these last ones were contagious because of the globalization

Banque et finance islamique en France

Are there so many differences between "conventional" and islamic banking principles in France? French banks are active in islamic banking and finance outside France for years

Viêtnam : transformation du secteur bancaire et accession à l’OMC

Vietnam accession to WTO has been officially confirmed 11 January 2007. If markets opening can introduce higher international competition, it will foster the reform of the banking sector

Déterminants du développement du porte-monnaie électronique: Analyse Théorique et empirique: l’exemple Moneo

This work exposes the nature of electronic money and analyses the development potential of the French experience Moneo. Our study shows the unsufficient capacity of the model itself to reach 500 million transactions, seen as a mature market