‘Do bank supervisors wear too many hats?’ asks BIS paper
Many countries require array of mandates beyond “safety and soundness”, authors say
The Bank for International Settlements published a paper on March 9, which asks whether bank supervising agencies carry too many mandates and functions.
The paper surveys agencies in 27 countries, finding all of them have at least one responsibility beyond ensuring the “safety and soundness” of financial institutions. Some have more than 10 statutory or operational mandates.
The paper, The universe of supervisory mandates – total eclipse of the core? examines how 27 jurisdictions have assigned
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