Bank Regulation, Supervision, and Performance around the World: What has been the Change since the Global Financial Crisis

The global financial crisis has revealed several inadequacies in the financial regulation and supervisory topography around the world. Using the World Bank's Bank Regulation and Supervision Survey (BRSS) data, we draw insights about bank regulatory/supervisory styles, illustrate the differences in regulation/supervision among crisis, non-crisis, and BRICS countries, and highlight the ways in which bank regulation and supervision has changed during the crisis period. The study suggests that crisis countries had weaker regulatory and supervisory frameworks compared to those in emerging countries during the crisis. BRICS countries as a distinct block have demonstrated uniqueness in the regulatory/supervisory styles, which is similar neither to crisis countries nor non-crisis countries.