The Debate on Integrated financial Supervision: What is New?

Authors

  • Edgardo Demaestri Inter-American Development Bank (IDB)
  • Gustavo Ferro National Council for Scientific and Technical Research (CONICET), Argentina; Argentine Business University, Argentina

Keywords:

Central Bank, Financial System, Regulation, Supervision

Abstract

This article discusses the integrated financial supervision of different kinds of financial intermediaries. Systemic stability, non-sophisticated consumers protection and the efficiency enhancement have been advanced as explanations of prudential and conduct regulation. These are founded on financial markets failures, mainly because of asymmetric information. We debate pros and cons of integrating supervision, the role of the central bank in the financial supervision, and the more recent discussion in the aftermath of the 2008 financial crisis. We review and analyze the conceptual and empirical literature, and present the current consensus.

JEL classification: G2 ; L5

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Published

2015-06-01

How to Cite

Demaestri, E. and Ferro, G. (2015) “The Debate on Integrated financial Supervision: What is New?”, Ensayos Económicos, (72), pp. 27–58. available at: https://bcra.ojs.theke.io/ensayos_economicos_bcra/article/view/148 (accessed: 29 April 2025).

Issue

No. 72 (2015): Ensayos Económicos

Section

Articles