Is One Watchdog Better Than Three? International Experience with Integrated Financial Sector Supervision - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Is One Watchdog Better Than Three? International Experience with Integrated Financial Sector Supervision write by Martin Cihák. This book was released on 2006-03. Is One Watchdog Better Than Three? International Experience with Integrated Financial Sector Supervision available in PDF, EPUB and Kindle. Over the past two decades, there has been a clear trend toward integrating the regulation and supervision of banks, nonbank financial institutions, and securities markets. This paper reviews the international experience with integrated supervision. We survey the theoretical arguments for and against the integrated supervisory model, and use data on compliance with international standards to assess the validity of some of these arguments. We find that (i) full integration is associated with higher quality of supervision in insurance and securities and greater consistency of supervision across sectors, after controlling for the level of development; and (ii) fully integrated supervision is not associated with a significant reduction in supervisory staff.
IMF Working Papers
IMF Working Papers - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook IMF Working Papers write by Richard Podpiera. This book was released on 2006. IMF Working Papers available in PDF, EPUB and Kindle.
International Survey of Integrated Financial Sector Supervision
International Survey of Integrated Financial Sector Supervision - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Survey of Integrated Financial Sector Supervision write by Jose de Luna-Martinez. This book was released on 2003. International Survey of Integrated Financial Sector Supervision available in PDF, EPUB and Kindle. Despite the intense debate on the advantages and disadvantages of adopting integrated supervision that has taken place in recent years, little is known about the experiences of countries that have adopted it and the obstacles and challenges they have faced to implement it. In an attempt to shed light on this area, the authors present the results of a survey conducted in a group of 15 countries that have adopted integrated supervision. After a brief review of the literature on integrated supervision, the authors examine four topics: 1) The reasons cited by this group of countries for establishing an integrated supervisory agency. 2) The scope of regulatory and supervisory powers of these agencies. 3) The progress of these agencies in harmonizing their regulatory and supervisory practices across the intermediaries they supervise. 4) The practical problems faced by policymakers in adopting integrated supervision. The survey revealed that the group of integrated supervisory agencies is not as homogeneous as it seems. Important differences arise with regard to the scope of regulatory and supervisory powers the agencies have been given. In fact, contrary to popular belief, less than 50 percent of the agencies can be categorized as mega-supervisors. Another finding is that in most countries progress toward the harmonization of prudential regulation and supervision across financial intermediaries remains limited. Interestingly, the survey revealed that practically all countries believe they have achieved a higher degree of harmonization in the regulation and supervision of banks and securities companies than between banks and insurance firms. The survey also identified some practical problems faced by this group of countries in establishing their unified supervisory agencies. The authors discuss these problems, along with the practical lessons and recommendations provided by the 15 agencies to other countries considering integrated supervision, in the final section of the paper.
International Survey of Integrated Financial Sector Supervision
International Survey of Integrated Financial Sector Supervision - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Survey of Integrated Financial Sector Supervision write by José de Luna-Martinez. This book was released on 2016. International Survey of Integrated Financial Sector Supervision available in PDF, EPUB and Kindle. Despite the intense debate on the advantages and disadvantages of adopting integrated supervision that has taken place in recent years, little is known about the experiences of countries that have adopted it and the obstacles and challenges they have faced to implement it. In an attempt to shed light on this area, de Luna Martinez and Rose present the results of a survey conducted in a group of 15 countries that have adopted integrated supervision. After a brief review of the literature on integrated supervision, the authors examine four topics:- The reasons cited by this group of countries for establishing an integrated supervisory agency.- The scope of regulatory and supervisory powers of these agencies.- The progress of these agencies in harmonizing their regulatory and supervisory practices across the intermediaries they supervise.- The practical problems faced by policymakers in adopting integrated supervision.The survey revealed that the group of integrated supervisory agencies is not as homogeneous as it seems. Important differences arise with regard to the scope of regulatory and supervisory powers the agencies have been given. In fact, contrary to popular belief, less than 50 percent of the agencies can be categorized as mega-supervisors. Another finding is that in most countries progress toward the harmonization of prudential regulation and supervision across financial intermediaries remains limited. Interestingly, the survey revealed that practically all countries believe they have achieved a higher degree of harmonization in the regulation and supervision of banks and securities companies than between banks and insurance firms. The survey also identified some practical problems faced by this group of countries in establishing their unified supervisory agencies. The authors discuss these problems, along with the practical lessons and recommendations provided by the 15 agencies to other countries considering integrated supervision, in the final section of the paper.This paper - a product of Financial Sector Operations and Policy Department - is part of a larger effort in the department to analyze recent developments in financial sector regulation and supervision.
Aligning Financial Supervisory Structures with Country Needs
Aligning Financial Supervisory Structures with Country Needs - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Aligning Financial Supervisory Structures with Country Needs write by Jeffrey Carmichael. This book was released on 2004. Aligning Financial Supervisory Structures with Country Needs available in PDF, EPUB and Kindle. This publication contains the proceedings of an international conference on the regulation of financial institutions and supervisory structural reforms, held in Washington D.C., United States in December 2003 and involving participants from 52 countries. It considers case studies of experiences of regulatory reform approaches adopted in a number of countries including Australia, South Africa, Ireland, Sweden, Hungary and Estonia.
