Governance Practices At Financial Regulatory and Supervisory Agencies

Author/Editor:

Alicia Novoa ; Steven A. Seelig

Publication Date:

July 1, 2009

Electronic Access:

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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:

This paper summarizes the results of a survey of financial supervisory agencies in IMF member countries conducted in 2007. Responses were received from 140 financial sector supervisors in 103 countries. A majority of these are separate stand-alone agencies, though, a majority of bank supervisors are part of a central bank. The survey asked respondents about their governance structure and practices, as well as practices and policies related to public transparency and accountability. Most agencies reported having operational independence. Bank supervisors were unique in viewing financial stability as part of their mandate.

Series:

Working Paper No. 09/135

Subject:

English

Publication Date:

July 1, 2009

ISBN/ISSN:

9781451872828/1018-5941

Stock No:

WPIEA2009135

Format:

Paper

Pages:

31

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