LEADER 02961nam 2200601Ia 450 001 9910810751303321 005 20200520144314.0 010 $a1-4623-4779-7 010 $a1-4527-4510-2 010 $a1-283-51553-9 010 $a1-4519-0853-9 010 $a9786613827982 035 $a(CKB)3360000000443726 035 $a(EBL)3014513 035 $a(SSID)ssj0000941850 035 $a(PQKBManifestationID)11510030 035 $a(PQKBTitleCode)TC0000941850 035 $a(PQKBWorkID)10964048 035 $a(PQKB)11693533 035 $a(OCoLC)694141207 035 $a(IMF)WPIEE2006057 035 $a(MiAaPQ)EBC3014513 035 $a(EXLCZ)993360000000443726 100 $a20060531d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aIs one watchdog better than three? $eInternational experience with integrated financial sector supervision /$fMartin Cihak and Richard Podpiera 205 $a1st ed. 210 $a[Washington, D.C.] $cInternational Monetary Fund, Monetary and Financial Systems Dept.$dc2006 215 $a1 online resource (32 p.) 225 1 $aIMF working paper ;$vWP/06/57 300 $a"March 2006." 311 $a1-4518-6317-9 327 $a""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"" 330 3 $aOver the past two decades, there has been a clear trend toward integrating the regulation and supervision of banks, nonbank financial institutions, and securities markets. This paper reviews the international experience with integrated supervision. We survey the theoretical arguments for and against the integrated supervisory model, and use data on compliance with international standards to assess the validity of some of these arguments. We find that (i) full integration is associated with higher quality of supervision in insurance and securities and greater consistency of supervision across sectors, after controlling for the level of development; and (ii) fully integrated supervision is not associated with a significant reduction in supervisory staff. 410 0$aIMF working paper ;$vWP/06/57. 606 $aBanks and banking$xState supervision 606 $aFinancial services industry$xRegulation$xState supervision 615 0$aBanks and banking$xState supervision. 615 0$aFinancial services industry$xRegulation$xState supervision. 700 $aCihak$b Martin$01106217 701 $aPodpiera$b Richard$01603515 712 02$aInternational Monetary Fund.$bMonetary and Financial Systems Dept. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910810751303321 996 $aIs one watchdog better than three$94195869 997 $aUNINA