Integration of financial supervision

Arbeitspapier

The emergence of financial conglomerates and multinational financial institutions as well as the development of new financial products have raised concerns as to the ability of separate sectoral supervisors and different national authorities to effectively oversee financial markets. Concentrating on the European situation, this paper addresses these concerns by putting special emphasis on the role of organizational form in the supervisory process of financial institutions. I will first outline the developments that have led to increasing pressures to reform the current supervisory systems in Europe, proceed to discuss both some common and specific aspects of supervision of financial conglomerates and multinationals, and, finally, examine the challenges related to the integration of supervision. Using theoretical framework derived from economic theory, this paper points that multitude of factors (eg, several multitasking-related concerns) are likely to affect the effectiveness of integrated supervision.

Object Details

• ISBN: 978-952-462-373-5
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Bank of Finland Research Discussion Papers ; No. 12/2007

Classification and Topics

• Classification: Wirtschaft ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Insurance; Insurance Companies; Actuarial Studies ; Financial Institutions and Services: Government Policy and Regulation
• Subject: financial supervision ; financial conglomerates ; multinationals ; integration of supervision

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Holopainen, Helena
• Event: Veröffentlichung
• (who): Bank of Finland
• (where): Helsinki
• (when): 2007

Further information

• Handle: http://hdl.handle.net/10419/212070
• Last update: 10.03.2025, 11:44 AM CET