Over the past two decades, there has been a clear trend toward integrating the regulation and supervision of banks, nonbank financial institutions, and securities markets. This paper reviews the international experience with integrated supervision. We survey the theoretical arguments for and...

We analyze the structure, performance, and role of banking systems in the three member countries of the East African Community Kenya, Tanzania, and Uganda against the backdrop of recent financial sector reforms. Focusing on the behavior of different types of banks, we find no support for the...