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...

Повний опис

Бібліографічні деталі
Автор: Quintyn, Marc
Інші автори: Masciandaro, Donato, Nieto, Maria
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2009.
Серія:IMF Working Papers; Working Paper ; No. 2009/142
Онлайн доступ:Full text available on IMF
LEADER 01980cas a2200265 a 4500
001 AALejournalIMF005902
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451872897 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Quintyn, Marc. 
245 1 0 |a Will they Sing the Same Tune? :   |b Measuring Convergence in the new European System of Financial Supervisors /  |c Marc Quintyn, Donato Masciandaro, Maria Nieto. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2009. 
300 |a 1 online resource (43 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Masciandaro, Donato. 
700 1 |a Nieto, Maria. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2009/142 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2009/142/001.2009.issue-142-en.xml  |z IMF e-Library