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Global Financial Development Report 2019/2020: Bank Regulation and Supervision a Decade after the Global Financial Crisis

November 6, 2019

Washington, DC and Online

  • Over a decade has passed since the collapse of the U.S. investment bank Lehman Brothers marked the onset of the largest global economic crisis since the Great Depression. The crisis revealed major shortcomings in market discipline, regulation, and supervision, and reopened important policy debates on financial regulation. Since the onset of the crisis, policymakers have emphasized better regulation of banking systems and enhanced the tools available to supervisory agencies to oversee banks and intervene speedily in case of distress.

    Join us online and in Washington, DC at World Bank headquarters on November 6 for the launch of the Global Financial Development Report 2019/2020: Bank Regulation and Supervision a Decade after the Global Financial Crisis. Drawing on 10 years of data and analysis, this 5th edition in the Global Financial Development Report series provides new data and evidence on the regulatory remedies adopted to prevent future financial instability and sheds light on ongoing policy debates.

    The report addresses key questions, including the impact of reforms on market discipline and bank capital, the delicate balance between the demands for a safety net for users of the financial system and potentially severe moral hazard consequences, and the role of capital regulation in improving stability and access. The report provides a synthesis of what we know, as well as areas where more evidence is still needed.


    The Global Financial Development Report 2019/2020: Bank Regulation and Supervision a Decade after the Global Financial Crisis and the accompanying Bank Regulation and Supervision Survey data will be available online starting at 9am ET on November 6 at the following link: 

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    Asli Demirgüç-Kunt (Speaker)

    Chief Economist, Europe and Central Asia

    Asli Demirgüç-Kunt is the Chief Economist of the Europe and Central Asia Region of the World Bank. Over her 30-year career in the World Bank, she has also served as the Director of Research, Director of Development Policy, and the Chief Economist of the Finance and Private Sector Development Network, conducting research and advising on financial and private sector development issues.


    Mahmoud Mohieldin (Discussant)

    Senior Vice President for the 2030 Development Agenda, United Nations Relations, and Partnerships

    Mahmoud Mohieldin is the World Bank Group Senior Vice President for the 2030 Development Agenda, United Nations Relations, and Partnerships. Before joining the World Bank, Mohieldin held numerous senior positions in the government of Egypt, including minister of investment from 2004 until 2010. He also served on several boards of directors, including the Central Bank of Egypt and the banking and corporate sector. He was a member of the Commission on Growth and Development and selected a Young Global Leader of the World Economic Forum.


    Yira Mascaró (Discussant)

    Practice Manager, Finance, Competitiveness and Innovation Global Practice

    Yira Mascaró is the Manager of Financial Stability and Integrity at the Finance, Competitive, and Innovation Practice of the World Bank. She holds a PhD in financial economics. Yira has about 20 years of operational and research experience covering a wide range of financial sector, central bank and related issues. Prior to joining the World Bank, she worked briefly at the Research Department of the Inter-American Development Bank, as well as at financial institution and a University in the Dominican Republic, her native country. Yira has led numerous World Bank operations and analytical work in various regions (particularly in Latin America, Africa, and Eastern Europe), including field based in Kenya for 4 years as sector leader for finance and private sector development (including aspects related to infrastructure finance and PPPs). She has worked on various financial crises as adviser to governments, focusing on bank restructuring and crisis management. Some of her publications cover bank resolution and financial safety nets, state-owned banks’ performance, and development aspects of remittances and access to finance.


    Aart Kraay (Chair)

    Director of Research

    Aart Kraay is Director of the Development Research Group at the World Bank. He joined the World Bank in 1995 after earning a Ph.D. in economics from Harvard University (1995), and a B.Sc. in economics from the University of Toronto (1990). His research interests include international capital movements, growth and inequality, governance, and the Chinese economy. His research on these topics has been published in scholarly journals such as the Quarterly Journal of Economics, the Review of Economics and Statistics, the Economic Journal, the Journal of Monetary Economics, the Journal of International Economics, and the Journal of the European Economic Association. He is an associate editor of the Journal of Development Economics, and co-editor of the World Bank Economic Review. He has also held visiting positions at the International Monetary Fund and the Sloan School of Management at MIT, and has taught at the School of Advanced International Studies at Johns Hopkins University.


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