Governance Practices At Financial Regulatory and Supervisory Agencies
IMF Working Papers, July 1, 2009
Source details
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- Governance Practices At Financial Regulatory and Supervisory Agencies
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Bibliographic details
- Authors: Alicia Novoa, Steven A. Seelig
- Published: July 1, 2009
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451872828.001
Summary
- Paper summarizes 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 surveyed agencies are separate stand-alone agencies; a majority of bank supervisors are part of a central bank.
- The survey covered governance structure and practices, and 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.
Survey design and respondents
- Year conducted: 2007
- Responses: 140 financial sector supervisors
- Countries covered: 103
Key findings
- Institutional form:
- A majority of surveyed agencies are separate stand-alone agencies.
- A majority of bank supervisors are part of a central bank.
- Governance and mandates:
- Most agencies reported having operational independence.
- Bank supervisors uniquely viewed financial stability as part of their mandate.
- Transparency and accountability:
- The survey asked about practices and policies related to public transparency and accountability (findings summarized above).
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."
Source: IMF Working Papers — "Governance Practices At Financial Regulatory and Supervisory Agencies", Alicia Novoa and Steven A. Seelig, July 1, 2009.
Content in this bundle
- Box 1. The Survey in Numbers