Shared supervision can help avoid ‘capture’ – BoE paper
Dividing tasks across agencies can lead to better outcomes by avoiding “supervisory capture”
Countries that split their banking supervision across multiple agencies may be more resistant to “supervisory capture”, new research published by the Bank of England finds.
In the staff working paper, Nicolò Fraccaroli studies the governance arrangement of 116 countries and compares how different systems fare in terms of non-performing loan (NPL) levels. In the UK, for example, supervision is divided between the BoE and the Financial Conduct Authority, while some other jurisdictions concentrate
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