04008nam 2200637Ia 450 991046399300332120170817212436.01-4623-0834-11-4527-2080-01-282-84356-797866128435631-4518-7289-5(CKB)3170000000055298(EBL)1608359(SSID)ssj0000940735(PQKBManifestationID)11600653(PQKBTitleCode)TC0000940735(PQKBWorkID)10956003(PQKB)11486915(OCoLC)712987862(MiAaPQ)EBC1608359(EXLCZ)99317000000005529820090928d2009 uf 0engur|n|---|||||txtccrWill they sing the same tune?[electronic resource] Measuring convergence in the new European system of financial supervisors /Donato Masciandaro, Maria J. Nieto and Marc QuintynWashington, D.C. International Monetary Fund20091 online resource (45 p.)IMF working paper ;WP/09/142"July 2009".1-4519-1718-X Includes bibliographical references.Contents; I. Introduction; II. A European Supervisory Structure is Born; III. Review of Supervisory Architectures; A. Closer analysis of the EU supervisory landscape; B. Potential policy implications of polarization; IV. Convergence in Supervisory Governance; A. Measuring Independence; B. Measuring Accountability; C. Is There Governance Convergence Within the EU?; V. Conclusions and Policy Considerations; References; Figures; 1 Financial Supervisory Regimes: number of reforms per year (1998-2008); 2 FSU Index distribution; 3 CBFA Index distribution; 4 Financial Supervision Regimes5 Institutional Independence: Cross-country convergence6 Regulatory & Supervisory Independence: Cross-country convergence; 7 Budgetary independence: Cross-country convergence; 8 Political accountability: Cross-country convergence; 9 Judiciary accountability: Cross-country convergence; 10 Transparency: Cross-country convergence; 11 Total independence: Cross-country convergence; 12 Overall accountability Cross-country convergence; 13 Independence and Accountability: scatter-plot; 14 Independence and Accountability inside and outside the Central Bank14A: Independence Indices inside and outside the Central Bank14B: Accountability Indices inside and outside the Central Bank; Tables; 1. The Institutional Indicators; 2. Independence Criteria; 3. Accountability Criteria; Annexes; Annex - The European Framework for Safeguarding Financial StabilityIn June 2009 a new financial supervisory framework for the European Union (EU) was endorsed, consisting of a macro- and a micro-prudential pillar. The latter is composed of a Steering Committee, a supranational layer and a network of national supervisory authorities at the bottom, de facto establishing a complex multiple principals-multiple agents network. This paper focuses on the network of national agencies. Starting from an analysis of supervisory architectures and governance arrangements, we assess to what extent lack of convergence could undermine efficient and effective supervision. TheIMF working paper ;WP/09/142.FinanceState supervisionBanks and banking, CentralState supervisionElectronic books.FinanceState supervision.Banks and banking, CentralState supervision.Masciandaro Donato1961-89517Nieto Maria J873066Quintyn Marc247373International Monetary Fund.MiAaPQMiAaPQMiAaPQBOOK9910463993003321Will they sing the same tune1948840UNINA