RT Web Page DB /z-wcorg/ DS http://worldcat.org ID 156975943 LA English UL http://www.frbatlanta.org/invoke.cfm?objectid=B440AF7E-5056-9F12-12171139DDCCB6C2&method=display T1 Multiple safety net regulators and agency problems in the European Union is prompt corrective action partly the solution? A1 Mayes, David G., Nieto, María., Wall, Larry., Federal Reserve Bank of Atlanta., PB Federal Reserve Bank of Atlanta PP [Atlanta, Ga.] YR 2007 AB "This paper discusses the institutional changes needed in Europe if prompt corrective action (PCA) is to be effective in supervising and resolving cross-border banking groups. The paper identifies these changes starting with enhancements in the availability of information on banking groups' financial condition to prudential supervisors. Next, the paper considers the collective decision making by prudential supervisors with authority to make discretionary decisions within the PCA framework as soon as a bank in a cross-border banking group falls below the minimum capital standard. Finally, the paper analyzes the coordination measures that should be implemented if PCA requires the bank to be resolved"--Federal Reserve Bank of Atlanta web site.