Please use this identifier to cite or link to this item:
https://www.um.edu.mt/library/oar/handle/123456789/116298
Title: | The institutional models for financial supervision : an analysis |
Authors: | Buttigieg, Christopher P. |
Keywords: | Financial services industry -- State supervision -- European Union countries Financial services industry -- Law and legislation -- Europe Union countries Financial institutions, International -- State supervision Banks and banking -- State supervision -- European Union countries International finance Financial institutions -- Law and legislation -- Malta Financial institutions -- European Union countries -- Mathematical models |
Issue Date: | 2013 |
Publisher: | Malta Institute of Accountants |
Citation: | Buttigieg, C. P. (2013). The Institutional Models for Financial Supervision: An Analysis. The Accountant (Spring Issue), 12-16. |
Abstract: | The paper considers the different institutional models, which aim at delivering financial supervision at national level. It critically examines the three existing models, being the three pillar sectoral model, the twin peaks model and the single financial services supervisor model. The paper delves into the rationale behind the selection of particular institutional models for financial supervision and how these have been maintained or changed. The central argument of the paper is that while the institutional model for financial supervision is likely to have an effect on the quality and effectiveness of supervision, in itself it is not an automatic recipe for success. The paper concludes that unless a financial supervisor operates within a framework built on high-level standards of internal governance, such as independent decision making, accountability, fairness, and transparency, it is doubtful whether effective financial supervision may be achieved in practice. |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/116298 |
Appears in Collections: | Scholarly Works - FacEMABF |
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The_institutional_models_for_financial_supervision__An_analysis(2013).pdf | 2.36 MB | Adobe PDF | View/Open |
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