Lysbilde1-LSE.pptVIP

Triggers for PCA;Outline;Background;Definitions;Trigger event ;Renewed interest in PCA;Tripartite report – more reserved;IMF support PCA type policy ;Should FSA have spotted the crisis?;FSA Internal Audit Report (March 2008);PCA Workshop in Norges Bank March 2008 ;ConclusionNorges Bank workshop on PCA triggers, March 2008;PCA in context; related themes;Key features of PCA;FDICIA -“Subtitle D”, Section 38 ;FDICIA (1991): Bank classification and related capital levels ;Graduated supervisory response depending on capital category;Mandatory – Discretionaryprovisions for undercapitalized