The 13th annual Seminar for Senior Bank Supervisors from Emerging Economies, entitled"Systemically Important Financial Institutions: Priorities and Policies in a Volatile World", was jointly organized by the World Bank, the Board of Governors of the Federal Reserve System, and the International Monetary Fund. The Seminar was held from June 5- 7, 2013 in Washington DC and gathered over 90 high-level representatives from 63 countries.
The Seminar aimed to explore the issues of identification, regulation, supervision and resolution of SIFIs, both banks and non-banks, by reviewing different regulatory and supervisory perspectives from the public and private sector.
Topics of focus included:
(i) reinforcing the importance of close monitoring of financial sector regulation and supervision for economic growth and development;
(ii) discussing how both emerging market financial institutions and those advanced economy financial institutions operating in emerging markets can pose financial stability challenges;
(iii) suggesting solutions for bank deleveraging and diversification of funding sources; and ultimately,
(iv) analyzing the effectiveness, practicality, and impact of the SIFI regulations across countries.
The Seminar provided a great forum to exchange country experiences, knowledge, and technical skills.