Supervisory resources ‘more stretched’ in major finance centres
Calls for better banking supervision need to be matched with sufficient resources, FSI study says
Banking supervisors appear to be “more stretched” in the jurisdictions with the largest, most systemically important financial centres, a new study warns.
Analysis by the Basel-based Financial Stability Institute finds supervisors in major financial centres tend to have somewhat smaller resources relative to the scale of the banking sector. The report, published on March 21, compares staffing and budgets to total banking sector assets in 57 jurisdictions.
Authors Rodrigo Coelho and Rebecca Guerra
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