FINANCIAL STABILITY

Following the global financial crisis and the Sub-prime crisis in the United States, real estate sector has become of increasing significance to financial regulators, governments, banks and indeed all stakeholders, as far as financial stability is concerned. The rapid growth in property markets, often supported by a strong expansion in bank lending especially in a number of emerging economies, has raised legitimate concerns on the issue of stability. The paper “The Property Markets and Financial Stability: Seeing Through The Lens” by Solomon Okedara, in a very admirable approach, analyzes the vital issues involved in property markets and financial stability, thereby proposing the most practicable and solution-oriented model in a real estate bubble-burst cycle.

Perhaps, the most irresistible part of this intellectually stimulating and empirically instructive work is the part which advises on effective supervision by regulators. This paper did not however, draw down its curtains without an expose on Asia and the Pacific and Nigeria under the sub-themes “Bringing The Lens Closer: The Asia and The Pacific Experience & The Nigerian Experience which fascinatingly reflects the differences owing to peculiar property situations,which definitely buttreesses the cliche that says "There are different strokes for different folks. WATCH OUT!

Banking and Financial Regulation on the GO!

The face and scope of banking and financial regulation has not remained the same since the advent of  Basel Accords, from Basel I of 1988 till Basel III of 2010. However, the nature,legitimacy, efficiency and effects of  Basel Accords especially the latest accord-Basel III are still shrouded in obscurity not only to countless lay men but Bankers,Economists,Lawyers and Risk experts alike.In a very admirable style, Solomon Okedara in a paper he delivered at the International Workshop on LEGITIMACY  AND EFFICIENCY IN GLOBAL ECONOMIC  GOVERNANCE in Lecce,Italy, titled Basel Accords and International Financial regulation:The Journey So Far gave a most succinct and comprehensive exposition on Basel Accords.

To read this paper click on National Mirror or Business Day to download click here

To view the Program of Event at the Workshop click here