Which is the current state of the insurance supervision architectures? The recent financial crisis has forcefully demonstrated that the financial services markets are deeply integrated, requiring an integrated supervisory approach. How is insurance supervision integrated into the overall...

Which is the current state of the securities market supervision architectures? The recent financial Crisis has forcefully demonstrated that the financial services markets are deeply integrated, suggesting a corresponding integrated supervisory approach. The fact that market integration calls for...

Today policymakers in all the countries, shocked by the financial crisis of the 2007-2008, are reconsidering carefully the features of their supervisory regimes. This paper reviews the changing face of the financial supervisory regimes introducing new indicators to measure the level of...

Almost all literature on the evolution of financial supervision architecture stresses the importance of financial market characteristics in determining the recent trend toward more unification. In the real world, however, it is not always clear to what extent market features are important. We...

This paper analyzes recent trends in, and determinants of, financial supervisory governance inside and outside central banks. We first identify similarities and differences between this emerging strand in the literature and the central bank independence literature in order to frame the...

Against the background of the debate on the advisability of further centralizing prudential supervision in the EU this paper develops a study of applied institutional economics, analyzing the financial supervisory architecture of each of the 27 EU countries and assesses their degree of...

Today policymakers in all the countries, shaken by the financial crisis of the 2007-2008, are carefully reconsidering the features of their supervisory architecture. Over the last ten years the financial supervision architecture and the role of the central bank in supervision therein has...