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 …

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

An increasing number of countries show a trend towards a certain degree of consolidation of
powers in financial supervision, which has resulted in the establishment of unified …

Integrated agencies supervising banks, nonbank financial institutions, and securities
markets have been gaining popularity around the globe. Using a unique data set on …

In response to the current financial crisis, many countries are considering reforms in their
supervisory regimes, while others, who went through a round of reforms before the crisis, are …

Since the mid-1990s worldwide efforts were undertaken to improve the effectiveness of
financial supervision, through modifications in the architecture and governance. Did these …

Financial regulation and supervision (or “regulators” and “supervisors”) are terms that are
often used interchangeably. Yet, they reflect separate activities and are typically performed …

Almost all the literature on the evolution of the financial supervision architecture stresses the
importance of financial market characteristics in determining the recent trend toward more …

We compare the architecture and governance of financial supervision across countries. We
find that countries where the supervisor is the central bank, or where it is independent of …

We study whether central bank independence (CBI) and monetary policy arrangements can
jointly influence the likelihood of policymakers assigning banking supervision to central …