Trust Less, Verify More
Financial supervision will need to change in response to the causes of the financial crisis and the regulatory proposals arising from it. Supervisors will need to take a tougher and more challenging approach to the firms they regulate, exercise mor...
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2009/07/11077395/trust-less-verify-more http://hdl.handle.net/10986/10242 |
| Summary: | Financial supervision will need to
change in response to the causes of the financial crisis and
the regulatory proposals arising from it. Supervisors will
need to take a tougher and more challenging approach to the
firms they regulate, exercise more supervisory judgment,
involve themselves in macro-prudential oversight, and
participate more actively in the supervision of firms with
cross-border activities. Supervisors in all countries need
to take up these challenges, notwithstanding differences in
the style of supervision, in culture and legal tradition, in
institutional and organizational structure, and in the
powers and resources available to the supervisory agency. |
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