Bericht
Governance of Financial Supervisors and its Effects – a Stocktaking Exercise
The attention for the governance of financial sector supervisors is of a recent date. The debate has risen to the fore as part of the wider discussion about the appropriate institutional organization of financial supervision and the drive for compliance with international best practices in the regulatory field. This paper takes stock of the regulatory governance debate. We first discuss the main premise of the paper, that regulatory governance plays a pivotal role in instilling financial sector governance, which in turn is a key source of corporate governance in the nonfinancial sector (the governance nexus). Having established this premise, we identify the main pillars for regulatory governance-independence, accountability, transparency, and integrity. The next two sections take a look at where we stand in practice. First, we review to what extent recent reforms of supervisory structures worldwide are embracing the four pillars underlying regulatory governance. We find that policy makers are gradually making efforts to improve the foundations for regulatory governance. However, further convincing, in particular of the beneficial effects of accountability, seems necessary. Secondly, we review a number of studies that assess the impact of (aspects of) regulatory governance on the soundness of the banking system (an indicator of good financial system corporate governance), or other aspects of the governance nexus. Most studies show a positive impact of stronger regulatory governance frameworks on the soundness of the financial system. However, further empirical evidence to strengthen the case for good regulatory governance seems desirable.
- ISBN
-
978-3-902109-40-8
- Sprache
-
Englisch
- Erschienen in
-
Series: SUERF Studies ; No. 2007/4
- Klassifikation
-
Wirtschaft
General Financial Markets: Government Policy and Regulation
Financial Institutions and Services: General
Financial Institutions and Services: Government Policy and Regulation
Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
Corporate Finance and Governance: Government Policy and Regulation
Regulation and Industrial Policy: General
- Thema
-
Financial sector supervision
financial regulation
regulatory governance
corporate governance
public sector governance
Aufsichtsbehörde
Finanzmarkt
Governance-Ansatz
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Quintyn, Marc
- Ereignis
-
Veröffentlichung
- (wer)
-
SUERF - The European Money and Finance Forum
- (wo)
-
Vienna
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Bericht
Beteiligte
- Quintyn, Marc
- SUERF - The European Money and Finance Forum
Entstanden
- 2007
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