This paper provides empirical evidence that the quality of regulatory governance-governance practices adopted by … system soundness and regulatory governance, based on country data collected from the Financial Sector Assessment Program … (FSAP). Regression results indicate that regulatory governance has a significant influence on financial system soundness …

We analyze recent trends in, and determinants of, financial supervisory governance. We first calculate levels of … quality of public sector governance plays a decisive role in establishing accountability arrangements, more than independence … also show that the likelihood of establishing adequate governance arrangements are higher when the supervisor is located …