IMF Working Papers

Issues in the Unification of Financial Sector Supervision

By Richard K. Abrams, Michael W Taylor

December 1, 2000

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Richard K. Abrams, and Michael W Taylor. Issues in the Unification of Financial Sector Supervision, (USA: International Monetary Fund, 2000) accessed November 8, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The paper considers the generic arguments for and against the creation of a unified regulatory agency, covering each of the main types of financial institutions (banks, insurers and securities firms). The strongest arguments for unification are the enhanced oversight of financial conglomerates and the economies of scale they can potentially deliver. However, there are also a number of potentially serious disadvantages to unification, especially the risk that the change process will be mismanaged and will result in a reduction in regulatory capacity. The issue requires careful deliberation and ultimately depends on a matrix of factors which vary in importance from country to country.

Subject: Bank regulation, Bank supervision, Banking, Economic sectors, Financial regulation and supervision, Financial sector, Financial services

Keywords: Africa, Baltics, Bank regulation, Bank supervision, Banking supervision, Banking supervisor, Board approach, Business regulator, Capital markets regulator, Consumer protection regulation, Countries banking, Financial sector, Financial services regulation, Lead regulator arrangement, Market oversight function, Monetary policy, Oversight board, Prudential supervision, Regulatory agencies, Routine supervision, Securities regulation, Specialist regulator, Unified regulator, WP

Publication Details

  • Pages:

    32

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2000/213

  • Stock No:

    WPIEA2132000

  • ISBN:

    9781451874938

  • ISSN:

    1018-5941

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