Building Supervisory Structures in Sub-Saharan Africa: An Analytical Framework

January 1, 2007

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Format: Chicago

Marc G Quintyn, and Michael W Taylor. Building Supervisory Structures in Sub-Saharan Africa: An Analytical Framework, (USA: International Monetary Fund, 2007) accessed September 18, 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

Current trends in financial sector development in sub-Saharan Africa are prompting policymakers to focus on the design of appropriate supervisory structures. Against the backdrop of worldwide efforts to remodel supervisory structures, this paper develops an analytical framework for designing a regulatory strategy that could assist in prioritizing the needs for regulation and supervision over time. Such a strategy should facilitate the design of a supervisory structure suitable for an individual country's current and future needs. The paper emphasizes that in the case of sub-Saharan Africa, any such strategy is constrained by the reality of capacity limitations and should take into account the need to keep the central bank involved in the process. Building on the framework, the paper identifies a number of supervisory structures that could meet sub-Saharan Africa's needs.

Subject: Bank supervision, Banking, Central bank mandate, Financial institutions, Financial markets, Financial regulation and supervision, Financial sector development, Financial services, Nonbank financial institutions

Keywords: Africa, Aftermath of a banking crisis, And financial regulation, Bank supervision, Banking supervision, Central bank expertise, Central bank involvement, Central bank responsibility, Central bank staff, Central bank's prestige, Central bank's supervision, Financial development, Financial sector development, Monetary policy, Nonbank financial institutions, Oversight function, Regulatory agency, Sector supervision structure, Securities supervision, SSA country, Sub-Saharan Africa, Supervision of nonbank sector, Supervision to the level, WP

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2007/018
Stock No:

WPIEA2007018
ISBN:

9781451865820
ISSN:

1018-5941

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