Designing Financial Supervision Institutions: Indipendence, Accountability and Governance

This volume brings together contributions by a number of experts on a range of narrowly related topics—the structure, organization and governance of financial sector supervision—which are increasingly claiming the attention of policymakers, academia and practitioners around the world. The authors in this volume take a step back from the current rapid changes that financial supervision and regulation are undergoing. Although the world is faced with a variety of emerging trends in the supervisory response to the abovementioned developments—responses related to designing supervisory institutions as well as in their governance arrangements—the various chapters analyze recent developments, try to identify common trends, point out weaknesses in the debate, and bring unresolved issues to the surface. In this context, several chapters analyze the linkages between the respective required supervisory responses—the design aspect, the governance aspect and the regulatory framework. We believe that this blend of approaches coming from different angles of the economics and political economy profession makes this volume unique and worthwhile as a stocktaking exercise, and helps in shaping the research and policy agenda for the near- to medium term.