By Richard P. Roulier
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Extra resources for Bank Governance Contracts: Establishing Goals and Accountability in Bank Restructuring (World Bank Discussion Papers ; 308)
By the Specified Date, management will prepare and the Board will approve and forward to the Supervisor a projection of all classified exposure (loans and investments). Classified exposure will be reduced to or remain below Targets specified in an Annex___. (iv) Related Borrowers. By the Specified Date, the Board will approve, subject to State Supervisor's review, policies and procedures covering credit, letters of credit, guarantees, and other exposures to related borrowers. Relationship should be defined to include a common source of repayment, common ownership (including ownership by related individuals), common control (including control by related individuals), substantial intercompany transactions (as measured by sales activities or other asset transfers), or common sources of repayment.
Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address shown in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. A. The complete backlist of publications from the World Bank is shown in the annual Index of Publications, which contains an alphabetical title list (with full ordering information) and indexes of subjects, authors, and countries and regions.
Article V Duties of Bank (Comment. This Article provides for reviews or studies of the bank's statutes, business plan, management, staffing, policies, portfolio, and subsidiaries. If the studies have been done to the satisfaction of the Supervisor, these paragraphs should reflect the recommendations that need to be implemented. ) 25. General. The Bank undertakes to operate in a safe and sound manner, to comply with to adhere to all legislation governing its activities and to comply with all existing and future requirements (both general regulations and bank specific directives) of the Central Bank of ___ and of any other official body which may be vested with regulatory powers affecting the Bank's activities.