Governance Practices at Financial Regulatory and Supervisory Agencies

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 stabili

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Year of publication:	2009
Authors:	Novoa, Alicia
Other Persons:	Seelig, Steven A. (contributor)
Publisher:	Washington : International Monetary Fund
Subject:	Bankenaufsicht \| Banking supervision \| Corporate Governance \| Corporate governance \| Bankenregulierung \| Bank regulation \| Regulierung \| Regulation \| Finanzmarktregulierung \| Financial market regulation \| Prinzipal-Agent-Theorie \| Agency theory

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Extent:	Online-Ressource (32 p)
Series:	IMF Working Papers IMF working paper ; WP/09/135
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Contents; I. Introduction; Boxes; 1. The Survey in Numbers; II. Key Findings; III. The Responding Agencies; A. Demographics within the Government; Figures; 1. Location of Supervisors; B. Independence; 2. Location of Agencies by Type; IV. Agency Mandates; A. Mandates; 3. All Agencies-Number of Supervised Entities; B. Avoiding Overlap and Conflict Resolution; V. How are Financial Sector Supervisors Governed?; A. Structure of the Governing Body; B. Appointment of Members to Governing Bodies; C. Legal Protection for Supervisors; D. Termination of Governing Body Members VI. Resources and Agency ManagementA. Funding; 4. Legal Protection by Type of Institution; B. Budget Authority and Compensation; C. Code of Conduct; VII. Accountability and Transparency to Stakeholders; A. Accountability; Table; 1. Ability to Set Salary Level and Structure; B. Financial Statements; C. Rulemaking and Appeals of Agency Decisions; D. Independent Review; 5. Supervisors' Ability to Take Actions Pending Appeal; VIII. Agency Communication with the Public; A. Communications with the Public; 6. Periodic Internal Benchmarking-Per Type of Institution 7. Periodic External Benchmarking-Per Type of InstitutionB. Regulatory Impact Analysis; C. Supervisory Sanctions; 8. Preparation of Regulatory Impact Assessments-Per Type of Institution; D. Confidentiality of Information; IX. Are There Differences Between Bank Supervisors that are in the Central Bank and those Outside?; Figure 9. Release of Sanction Decisions; X. Concluding Comments; Appendix; Participating Surveyed Regulatory and Supervisory Agencies
ISBN:	978-1-4518-7282-8 ; 978-1-4519-1711-6 ; 978-1-4518-7282-8
Source:	ECONIS - Online Catalogue of the ZBW

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