Contents
The Effectiveness of Financial Supervision Frameworks
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- Abstract
This paper examines the effectiveness of five types of financial supervisory frameworks by using 49 member countries of the G20 and/or OECD for the period of 1997-2015. We find that the effectiveness, proxied by the probability of default of a country's banking system, of the hybrid supervisory model is statistically higher than that of the institutional (sectoral) framework. This result suggests that no single financial supervisory model is superior to all others, and creating the best model may require some adjustment of the typical four models.
- Issue Date
- 2020-04
- Publisher
- North American Business Press
- Keywords(Author)
- Accounting; Finance; Financial Supervisory; Financial Supervisory Framework; Institutional (Sectoral) Model; Integrated Model; Twin Peaks Model; Functional Model; Hybrid Model
- Journal Title
- Journal of Accounting and Finance
- Start Page
- 82
- End Page
- 92
- ISSN
- 2158-3625
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