The financial sector industry has undergone major changes in recent years. Technological innovation, deregulation, and liberalization are changing the context in which financial supervisors operate. Selecting the right supervisory model is an important strategic decision for a government or financial authority, and should be done in a way that fits with the institutional setting and resource capacity of the particular country. While an increasing number of countries are planning to integrate financial supervisory agencies, others have adopted a partially integrated supervisory structure, and many maintain completely separate agencies.
Aligning Financial Supervisory Structures with Country Needs examines experiences from a variety of supervisors and policymakers from different countries to cross-fertilize ideas on issues of financial supervisory structure and to better understand why and how some countries have initiated structural changes. This timely book also identifies the pros and cons of different financial supervisory models.
Increasingly, governments have been asking themselves whether their current financial supervisory structure is appropriate for overseeing their quickly evolving financial sectors. Such financial sectors are often characterized by a brisk pace of innovation and by significant institutional changes, including the emergence of conglomerates offering a wide range of financial services. In response to these changes, governments are examining the options for aligning their supervisory agencies with the evolving financial sector.
This book adds value by synthesizing the range of views, setting out the frame of reference for assessing possible changes in supervisory structure, and offering a rich set of case studies elaborated by leading practitioners from around the world.