1.

Record Nr.

UNINA9910788405603321

Autore

Cihak Martin

Titolo

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

Pubbl/distr/stampa

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

ISBN

1-4623-4779-7

1-4527-4510-2

1-283-51553-9

1-4519-0853-9

9786613827982

Descrizione fisica

1 online resource (32 p.)

Collana

IMF Working Papers

Altri autori (Persone)

PodpieraRichard

Soggetti

Banks and banking - State supervision

Financial services industry - Regulation - State supervision

Banks and Banking

Finance: General

Industries: Financial Services

Business and Financial

General Financial Markets: Government Policy and Regulation

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Financial Institutions and Services: Government Policy and Regulation

Financial Institutions and Services: General

Financial services law & regulation

Banking

Bank supervision

Financial sector

Basel Core Principles

Financial regulation and supervision

Banks and banking

State supervision

Financial services industry

Law and legislation

Australia



Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"March 2006."

Nota di contenuto

""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""

Sommario/riassunto

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.