The role of regulatory risk in the concept of banking sector’s self-regulation

• Authors: Stanisław Kasiewicz

Title variants

PL

The role of regulatory risk in the concept of banking sector’s self-regulation

• Languages of publication: EN

Abstracts

EN

Self-regulation is one of the concepts of regulatory implementation. The purpose of the article is to show the role of regulatory risk in the process of regulating the banking sector through self-regulation. This concept is quite rarely used in the practice of regulating the European banking services market. In the article a hypothesis is put forward that the popularization of this concept and ensuring of its effectiveness and efficiency require specific conditions to be met, in particular, adequate regulatory risk measurement method to be used. Regulatory risk covers threats or opportunities attributable only to the regulator in connection with the implementation of a specific regulation into the practice of the functioning of banking institutions.

PL

Celem artykułu jest pokazanie roli ryzyka regulacyjnego w procesie samoregulacji sektora bankowego. Koncepcja ta jest bardzo rzadko stosowana przez instytucje funkcjonujące na europejskim rynku usług bankowych. Autor stawia hipotezę, że popularyzacja tej koncepcji oraz zapewnienie jej efektywności i skuteczności wymaga spełnienia specyficznych warunków, dotyczących w szczególności doboru odpowiednich metod pomiaru ryzyka regulacyjnego. Ryzyko regulacyjne dotyczy zagrożeń i możliwości związanych tylko z wdrożeniem konkretnej regulacji do praktyki funkcjonowania instytucji bankowych.

Keywords

EN

regulatory risk; banking sector; regulatory risk; banking sector

PL

ryzyko regulacyjne; sektor bankowy

• Publisher: Szkoła Główna Handlowa w Warszawie
• Journal: Kwartalnik Nauk o Przedsiębiorstwie
• Year: 2017
• Volume: 42
• Issue: 1
• Pages: 39-46

Dates

published

2017-03-29

Contributors

author

Stanisław Kasiewicz

• Warsaw School of Economics

References

• Albareda L. [2008], Corporate responsibility, governance and accountability: from self-regulation to coregulation, “Corporate Governance: The international journal of business in society”, Vol. 8, No. 4.
• Anderson A.R., Russell E.O. [2014], Self-regulation: a strategic alternative for small firms, “Journal of Business Strategy”, No. 4.
• Arnone M., Borlini L. [2010], International anti-money laundering programs. Empirical assessment and issues in criminal regulation, “Journal of Money Laundering Control”, Vol. 13, No. 3.
• Baldwin R., Cave M. [1999], Understanding Regulation, Oxford, Oxford University Press.
• Bartle I., Vass P. [2005], Self-regulation and the regulatory state. A survey policy and practice, Research report 17, Centre for the Study of Regulated Industries, University Bath School of Management.
• Bresser-Pereira L.C. [2010], The Global Financial Crisis and a New Capitalism?, Working Paper, No. 592, The Levy Economics Institute, May.
• Coglianese C., Healey T.J., Keating E.K., Michael M.L. [2004], The Role of Government in Corporate Governance, Regulatory Policy Program, Center for Business and Government, available at: www.ksg. harvard.edu/cbg/rpp/, p. 5, date of download: 17.10.2015.
• Dembiński P.H., Beretta S. [2014], Kryzys ekonomiczny i kryzys wartości, Kraków, Wydawnictwo M.
• Epstein G. [2002], Financialization, Rentier Interests and Central Bank Policy, Amherst, University of Massachusetts, June.
• Holland J. [1995], Price sensitive information and self-regulation by UK companies and financial institutions, Part I and II, “Journal of Financial Regulation and Compliance“, No. 3 and 4.
• Jamison N. [1998], Developments in voluntary self-regulation, “Journal of Financial Regulation and Compliance”, Vol. 6, No. 1.
• Marcinkowska M. [2013], Regulation and self-regulation in banking: in search of optimum, „Kredyt Bank”, nr 2.
• NBP [2015], The Analysis of The Effects of Reducing Interchange Fee in Poland, Narodowy Bank Polski, Warszawa.
• OECD [2010], Risk and regulatory policy: improving the governance of risk, OECD, Paris.
• Ojo M. [2011], Co-operative and competitive enforced self-regulation, “Journal of Financial Regulation and Compliance”, Vol. 19, No. 2.
• Palley T.I. [2007], Financialization: What it is and Why it Matters, Working Paper Series, No. 153, Amherst, November.
• Porter M. [1990], The Competitive Advantage of Nations, New York, Macmillan.
• Ratajczak M. [2012], Ekonomia i edukacja ekonomiczna w dobie finansyzacji gospodarki, „Ekonomista”, nr 3.
• Weers de K. [2011], Towards a European Regulatory Toolkit On the Enforcement of Union Law by National Regulatory Authorities, University Utrecht.
• Williams A.D. [2004], An Economic Theory of Self-Regulation, Working Paper prepared for: The Political Economy Doctoral Workshop Department of Government, LSE, December.