Bank supervisors should provide publicly accessible, timely and consistent data on the banks under their jurisdiction. Such transparency increases democratic accountability and leads to greater market efficiency. There is greater supervisory transparency in the United States compared to the...

Who is watching the financial services industry? Since 1980 there have been multiple waves of thought about whether the ministry of finance, the central bank, a specialized regulator, or some combination should have supervisory authority. These waves have been associated with convergence of...