Faculty / School

Faculty of Business Administration (FBA)

Was this content written or created while at IBA?

Yes

Document Type

Conference Paper

Publication Date

11-13-2011

Author Affiliation

Dr. Ishrat Husain is Dean and Director at Institute of Business Administration, Karachi.

Conference Name

2nd OIC Experts Workshop organized by bank Nagara

Conference Location

Malaysia, Kuala Lumpur

Conference Dates

November 13-14, 2011

Series

Faculty Research - Book Chapters and Conference Papers

First Page

1

Last Page

8

Keywords

Financial regulation in emerging economies, Central bank policy, Financial inclusion, Development finance

Abstract / Description

The recent global financial crisis that has caused serious dislocation to the economies of the developed countries (DCs) as well as the knock-on effects on the emerging and developing countries (EDCs) has raised a number of serious concerns. First, the role of the regulatory and supervisory agencies in carrying out their tasks has been seriously questioned. Second, the emergence of the shadow banking immune from the oversight indicates a gap in the tool box of the regulatory system. Third, it has been asserted that the financial sector particularly the banks are not performing any socially useful functions or creating any value for development in the EDEs.

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