This paper examines the evolution of financial supervision as a policy tool over the last three
decades, with a focus on the issues raised by the Global Crisis. It considers a sample of …

Over the last fifteen years, many countries introduced reforms into the supervisory
architecture of their financial sector. However, there is no evidence on whether specific …

This second edition of The Industrial Organization explores the study of the structure of
individual banks, banking markets, and their interactions. The book has the same two key …

There exists a lively debate as for the appropriate architecture of the financial supervision
regime, with a long list of theoretical advantages and disadvantages associated with each …

We analyze whether banking supervision responsibilities should be concentrated in the
hands of a single supervisor. We find that splitting supervisory powers among different …

This article analyses the pillar of modern central bank governance, ie central bank
independence, from three perspectives. First, we provide a systematic review of the …

It has been argued that economies with more independent central banks experience lower
inflation over time. In this paper we show that this relationship is sensitive to the …

Abstract Following the 2007–09 Global Financial Crisis many countries have changed their
financial supervisory architecture by increasing the involvement of central banks in …

Using a unique data set, this paper studies the governance of anti-money laundering (AML)
supervisors known as Financial Intelligence Units (FIUs). We start from a theoretical …

This paper analyzes recent trends in, and determinants of, financial supervisory governance
inside and outside central banks. We first review the case for supervisory independence and …