Is One Watchdog Better Than Three? International Experience with Integrated Financial Sector Supervision / Martin Cihak, Richard Podpiera.

Format:

Book

Government document

Author/Creator:

Čihák, Martin.

Contributor:

Podpiera, Richard.

International Monetary Fund. Monetary and Financial Systems Department.

Series:

IMF Working Papers; Working Paper ; No. 2006/057

IMF Working Papers

Language:

English

Subjects (All):

Banks and banking--State supervision.

Banks and banking.

Financial services industry--Regulation--State supervision.

Financial services industry.

Physical Description:

1 online resource (32 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2006.

Language Note:

English

Summary:

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.

Contents:

""Contents""; ""I. INTRODUCTION""; ""II. TRENDS IN INTEGRATED SUPERVISION""; ""III. REVIEW OF LITERATURE ON INTEGRATED FINANCIAL SUPERVISION""; ""IV. ANALYSIS OF INTERNATIONAL EXPERIENCE WITH INTEGRATED SUPERVISION""; ""V. CONCLUSIONS""; ""REFERENCES""

Notes:

"March 2006."

Description based on print version record.

ISBN:

9786613827982

9781462347797

1462347797

9781452745107

1452745102

9781283515535

1283515539

9781451908534

1451908539

OCLC:

694141207