FIRST MEETING OF THE FINANCIAL SECTOR REGIONAL FORUM INSTITUTIONAL STRUCTURE OF FINANCIAL REGULATION AND SUPERVISION The Rationale for Integrating Financial Supervision in Latin America and the Caribbean
نویسنده
چکیده
This paper analyzes the pros and cons of both the integrated and the specialized approaches to financial supervision. The theoretical arguments are discussed considering some recent experiences around the world and having the Latin American and the Caribbean context as a frame. Based on the analysis of the efficacy and the efficiency of each approach to fulfill the main objectives of financial regulation, the paper finds good reasons for the adoption of the integrated approach in circumstances similar than those prevailing in most countries of the region. JEL Classification: G28, G18, E61, N26
منابع مشابه
The Effects of Bank Regulation on Financial Development in the MENA Countries: The Supporting Role of Supervision
T his study investigates the impact of bank regulation on financial development in the MENA countries for the period 1995-2014. Restrictions on activity, foreign banks, and capital were used as proxies for bank regulation. Also, bank supervisory power, independence, private monitoring, and moral hazard were used as proxies for bank supervision. Liquid liabilities, private credit, and...
متن کاملRegulation of Financial System in Iran: A Comparative Evaluation
Regulation and supervision is the main prerequisite for the stability of financial systems. Financial supervision consists of four elements: supervisory rules and regulations, supervisory structure, supervisory performance, and independence of supervisory institutions. The recent international financial crisis has made many countries to restructure the regulation and supervision architecture of...
متن کاملComparative Analysis of Islamic Banking Supervision and Regulation Development
The paper highlights gaps in key areas of legislation, regulation and supervision, standard-setting of Shari’ah-compliance and pinpoints areas where improvement is desirable to ensure stability in the Islamic banking and finance sector. The comparative analysis focuses on 11 selected Muslim countries (Malaysia, Iran, Bahrain, Saudi Arabia, Pakistan, Turkey, Indonesia, Sudan, Kuwait, U.A.E ...
متن کاملVI Regional Integration and Financial System Issues
99 C America has made good progress over the past decade in stabilizing the macroeconomic environment and establishing a sound and efficient financial system. Macroeconomic stability and measures to address financial sector weaknesses have contributed to increased intermediation and improvements in key financial sector indicators. At the same time, credit to the private sector from locally lice...
متن کاملThe Impact of Regulation on Soundness of Banking:A panel Data Approach
The recent financial crisis has shown that the reforming in regulation and supervision is essential. This paper studies whether banking regulation improves bank soundness or more regulation lead to decrease soundness of banking. Specifically, countries which require banks to report regularly and accurately their financial data to regulators and market participants have sounder banks. In th...
متن کامل