Governance Practices At Financial Regulatory and Supervisory Agencies

July 1, 2009

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Format: Chicago

Alicia Novoa, and Steven A. Seelig Governance Practices At Financial Regulatory and Supervisory Agencies, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Banking, Financial regulation and supervision, Financial sector, Insurance, Securities

Keywords: Agency decision, Agency head, Complaint bureau, Respondent agency, Supervisory agency, WP

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2009/135
Stock No:

WPIEA2009135
ISBN:

9781451872828
ISSN:

1018-5941

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