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Is One Watchdog Better Than Three? International Experience with Integrated Financial Sector Supervision.
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...
| Call Number: | Libro Electrónico |
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| Format: | Electronic eBook |
| Language: | Inglés |
| Published: |
International Monetary Fund
2006.
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| Series: | IMF working paper ;
WP/06/57. |
| Subjects: | |
| Online Access: | Texto completo |
| Summary: | 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. |
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| Physical Description: | 1 online resource (32 pages) |
| ISBN: | 1283515539 9781283515535 9781451908534 1451908539 |