02961nam 2200601Ia 450 991081075130332120200520144314.01-4623-4779-71-4527-4510-21-283-51553-91-4519-0853-99786613827982(CKB)3360000000443726(EBL)3014513(SSID)ssj0000941850(PQKBManifestationID)11510030(PQKBTitleCode)TC0000941850(PQKBWorkID)10964048(PQKB)11693533(OCoLC)694141207(IMF)WPIEE2006057(MiAaPQ)EBC3014513(EXLCZ)99336000000044372620060531d2006 uf 0engur|n|---|||||txtccrIs one watchdog better than three? International experience with integrated financial sector supervision /Martin Cihak and Richard Podpiera1st ed.[Washington, D.C.] International Monetary Fund, Monetary and Financial Systems Dept.c20061 online resource (32 p.)IMF working paper ;WP/06/57"March 2006."1-4518-6317-9 ""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""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 paper ;WP/06/57.Banks and bankingState supervisionFinancial services industryRegulationState supervisionBanks and bankingState supervision.Financial services industryRegulationState supervision.Cihak Martin1106217Podpiera Richard1603515International Monetary Fund.Monetary and Financial Systems Dept.MiAaPQMiAaPQMiAaPQBOOK9910810751303321Is one watchdog better than three4195869UNINA