Will they Sing the Same Tune?: Measuring Convergence in the New European System of Financial Supervisors
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 establish...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2009
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Schriftenreihe: | IMF Working Papers
Working Paper No. 09/142 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 main conclusion is that harmonization of governance arrangements towards best practice would better align supervisors'' incentive structures and, hence, be beneficial for the quality of supervision |
Beschreibung: | 1 Online-Ressource (43 p) |
ISBN: | 1451872895 9781451872897 |
Internformat
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spelling | Quintyn, Marc Verfasser aut Will they Sing the Same Tune? Measuring Convergence in the New European System of Financial Supervisors Quintyn, Marc Washington, D.C International Monetary Fund 2009 1 Online-Ressource (43 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 09/142 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 main conclusion is that harmonization of governance arrangements towards best practice would better align supervisors'' incentive structures and, hence, be beneficial for the quality of supervision Online-Ausg Masciandaro, Donato Sonstige oth Nieto, María Sonstige oth http://elibrary.imf.org/view/IMF001/10272-9781451872897/10272-9781451872897/10272-9781451872897.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Quintyn, Marc Will they Sing the Same Tune? Measuring Convergence in the New European System of Financial Supervisors |
title | Will they Sing the Same Tune? Measuring Convergence in the New European System of Financial Supervisors |
title_auth | Will they Sing the Same Tune? Measuring Convergence in the New European System of Financial Supervisors |
title_exact_search | Will they Sing the Same Tune? Measuring Convergence in the New European System of Financial Supervisors |
title_exact_search_txtP | Will they Sing the Same Tune? Measuring Convergence in the New European System of Financial Supervisors |
title_full | Will they Sing the Same Tune? Measuring Convergence in the New European System of Financial Supervisors Quintyn, Marc |
title_fullStr | Will they Sing the Same Tune? Measuring Convergence in the New European System of Financial Supervisors Quintyn, Marc |
title_full_unstemmed | Will they Sing the Same Tune? Measuring Convergence in the New European System of Financial Supervisors Quintyn, Marc |
title_short | Will they Sing the Same Tune? |
title_sort | will they sing the same tune measuring convergence in the new european system of financial supervisors |
title_sub | Measuring Convergence in the New European System of Financial Supervisors |
url | http://elibrary.imf.org/view/IMF001/10272-9781451872897/10272-9781451872897/10272-9781451872897.xml |
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