Will they sing the same tune? : Measuring convergence in the new European system of financial supervisors /

Will they sing the same tune? : Measuring convergence in the new European system of financial supervisors /

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Bibliographic Details
Author / Creator:Masciandaro, Donato, 1961- author.
Imprint:Washington, D.C. : International Monetary Fund, 2009.
Description:1 online resource (42 pages) : charts
Language:English
Series:IMF working paper ; WP/09/142
IMF working paper ; WP/09/142.
Subject:
Finance -- State supervision.
Banks and banking, Central -- State supervision.
Banks and banking, Central -- State supervision.
Finance -- State supervision.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12498968
Hidden Bibliographic Details
Other authors / contributors:Nieto, Maria J., author.
Quintyn, Marc, author.
International Monetary Fund.
ISBN:1462308341
9781462308347
1452720800
9781452720807
1282843567
9781282843561
9786612843563
661284356X
1451872895
9781451872897
Digital file characteristics:text file
Notes:Includes bibliographical references.
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2011.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2011 HathiTrust Digital Library committed to preserve
Print version record.
Summary:In June 2009 a new financial supervisory framework for the European Union (EU) was endorsed, consisting of a macro- and a micro-prudential pillar. The latter is composed of a Steering Committee, a supranational layer and a network of national supervisory authorities at the bottom, de facto establishing a complex multiple principals-multiple agents network. This paper focuses on the network of national agencies. Starting from an analysis of supervisory architectures and governance arrangements, we assess to what extent lack of convergence could undermine efficient and effective supervision. The.
Other form:Print version: Masciandaro, Donato, 1961- Will they sing the same tune? [Washington, D.C.] : International Monetary Fund, ©2009
Table of Contents:
  • I. Introduction; II. A European Supervisory Structure is Born; III. Review of Supervisory Architectures; A. Closer analysis of the EU supervisory landscape; B. Potential policy implications of polarization; IV. Convergence in Supervisory Governance; A. Measuring Independence; B. Measuring Accountability; C. Is There Governance Convergence Within the EU?; V. Conclusions and Policy Considerations; References; Figures; 1 Financial Supervisory Regimes: number of reforms per year (1998-2008); 2 FSU Index distribution; 3 CBFA Index distribution; 4 Financial Supervision Regimes
  • 5 Institutional Independence: Cross-country convergence6 Regulatory & Supervisory Independence: Cross-country convergence; 7 Budgetary independence: Cross-country convergence; 8 Political accountability: Cross-country convergence; 9 Judiciary accountability: Cross-country convergence; 10 Transparency: Cross-country convergence; 11 Total independence: Cross-country convergence; 12 Overall accountability Cross-country convergence; 13 Independence and Accountability: scatter-plot; 14 Independence and Accountability inside and outside the Central Bank
  • 14A: Independence Indices inside and outside the Central Bank14B: Accountability Indices inside and outside the Central Bank; Tables; 1. The Institutional Indicators; 2. Independence Criteria; 3. Accountability Criteria; Annexes; Annex
  • The European Framework for Safeguarding Financial Stability

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