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Governance Practices At Financial Regulatory and Supervisory Agencies

Author

Listed:
  • Alicia Novoa
  • Mr. Steven A. Seelig

Abstract

This paper summarizes the results of a survey of financial supervisory agencies in IMF member countries conducted in 2007. Responses were received from 140 financial sector supervisors in 103 countries. A majority of these are separate stand-alone agencies, though, a majority of bank supervisors are part of a central bank. The survey asked respondents about their governance structure and practices, as well as practices and policies related to public transparency and accountability. Most agencies reported having operational independence. Bank supervisors were unique in viewing financial stability as part of their mandate.

Suggested Citation

  • Alicia Novoa & Mr. Steven A. Seelig, 2009. "Governance Practices At Financial Regulatory and Supervisory Agencies," IMF Working Papers 2009/135, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2009/135
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    Citations

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    Cited by:

    1. Elisabetta Gualandri & Enzo Mangone & Aldo Stanziale, 2011. "Internal Corporate Governance and the Financial Crisis: Lessons for Banks,Regulators and Supervisors," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 0029, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
    2. Elisabetta Gualandri & Enzo Mangone & Aldo Stanziale, 2011. "Internal Corporate Governance and the Financial Crisis: Lessons for Banks,Regulators and Supervisors," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 11111, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
    3. Donato Masciandaro & Maria J. Nieto & Marc Quintyn, 2011. "Will They Sing the Same Tune? Measuring Convergence in the New European System of Financial Supervisors," Chapters, in: Sylvester Eijffinger & Donato Masciandaro (ed.), Handbook of Central Banking, Financial Regulation and Supervision, chapter 17, Edward Elgar Publishing.
    4. Tatiana Didier & Sergio L. Schmukler, 2014. "Emerging Issues in Financial Development : Lessons from Latin America," World Bank Publications - Books, The World Bank Group, number 16387.
    5. Edgardo Demaestri & Jorge Ottavianelli & Gustavo Ferro, 2015. "Integracion de la supervisión financiera en el Banco Central: La experiencia de Uruguay," Estudios Economicos, Universidad Nacional del Sur, Departamento de Economia, vol. 32(64), pages 31-51, january-j.
    6. Pratt, Richard & Berg, Alexander, 2014. "Governance of securities regulators : a framework," Policy Research Working Paper Series 6800, The World Bank.
    7. Nyanzu, Frederick & Atta Peprah, James, 2016. "Regulation, Outreach and Sustainability of MFIs in SSA: A Multilevel Analysis," MPRA Paper 70865, University Library of Munich, Germany.
    8. Masciandaro, Donato & Nieto, Maria J. & Quintyn, Marc, 2011. "Exploring governance of the new European Banking AuthorityâA case for harmonization?," Journal of Financial Stability, Elsevier, vol. 7(4), pages 204-214, December.
    9. Mohan, Rakesh & Kapur, Muneesh, 2009. "Managing the Impossible Trinity: Volatile Capital Flows and Indian Monetary Policy," MPRA Paper 70632, University Library of Munich, Germany.
    10. Matvey S. OBORIN & Roman O. RAINKHARDT, 2018. "The Systemic Role of Monopolistic Enterprises in the Russian Insurance Market," Upravlenets, Ural State University of Economics, vol. 9(3), pages 32-39, June.
    11. Chris Hunt, 2017. "Independence with accountability: financial system regulation and the Reserve Bank," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 80, December.

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