Archive for November, 2008

Global Financial Services Supervision Systems

Ever wondered about what different approaches are out there to regulate and supervise the financial services? Considering the environment these days and anticipated regulatory tightening, there is an excellent piece of thought leadership in this space. The Group of Thirty G30, released its new report “The structure of financial supervision – Approaches and challenges in a global marketplace”. The report reviews 17 regulatory systems (ie, The jurisdictions reviewed are Australia, Brazil, Canada, China, France, Germany, Hong Kong, Italy, Japan, Mexico, the Netherlands, Qatar, Singapore, Spain, Switzerland, the United Kingdom, and the United States.)

It assesses the four approaches to financial supervision currently employed
across the globe (Institutional, Functional, Integrated, and Twin Peaks); and describes the key design issues of each supervisory model, illustrates how each has been implemented
in practice, and assesses the strengths and weaknesses of each approach.

I cannot share the full version due to copyrights issue, but the executive summary can be downloaded here