LEADER 04008nam 2200637Ia 450 001 9910463993003321 005 20170817212436.0 010 $a1-4623-0834-1 010 $a1-4527-2080-0 010 $a1-282-84356-7 010 $a9786612843563 010 $a1-4518-7289-5 035 $a(CKB)3170000000055298 035 $a(EBL)1608359 035 $a(SSID)ssj0000940735 035 $a(PQKBManifestationID)11600653 035 $a(PQKBTitleCode)TC0000940735 035 $a(PQKBWorkID)10956003 035 $a(PQKB)11486915 035 $a(OCoLC)712987862 035 $a(MiAaPQ)EBC1608359 035 $a(EXLCZ)993170000000055298 100 $a20090928d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aWill they sing the same tune?$b[electronic resource] $eMeasuring convergence in the new European system of financial supervisors /$fDonato Masciandaro, Maria J. Nieto and Marc Quintyn 210 $aWashington, D.C. $cInternational Monetary Fund$d2009 215 $a1 online resource (45 p.) 225 1 $aIMF working paper ;$vWP/09/142 300 $a"July 2009". 311 $a1-4519-1718-X 320 $aIncludes bibliographical references. 327 $aContents; 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 Regimes 327 $a5 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 Bank 327 $a14A: 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 Stability 330 $aIn June 2009 a new financial supervisory framework for the European Union (EU) was endorsed, consisting of a macro- and a micro-prudential pillar. The latter is composed of a Steering Committee, a supranational layer and a network of national supervisory authorities at the bottom, de facto establishing a complex multiple principals-multiple agents network. This paper focuses on the network of national agencies. Starting from an analysis of supervisory architectures and governance arrangements, we assess to what extent lack of convergence could undermine efficient and effective supervision. The 410 0$aIMF working paper ;$vWP/09/142. 606 $aFinance$xState supervision 606 $aBanks and banking, Central$xState supervision 608 $aElectronic books. 615 0$aFinance$xState supervision. 615 0$aBanks and banking, Central$xState supervision. 700 $aMasciandaro$b Donato$f1961-$089517 701 $aNieto$b Maria J$0873066 701 $aQuintyn$b Marc$0247373 712 02$aInternational Monetary Fund. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463993003321 996 $aWill they sing the same tune$91948840 997 $aUNINA