Interconnection of the Model of Supervision Over the Financial Sector and Stability of the Banking System

Kozlov Vladislav I. ()
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Kozlov Vladislav I.: Kyiv National Economic University named after. V. Getman

Business Inform, 2013, issue 6, 346_351

Abstract: The article uses instruments of statistical methods to make an effort of quantitative analysis of influence of the structure of the bodies of supervision over the financial sector upon stability of development of the banking system. It considers advantages and shortcomings of the main models of supervision over the financial sector. It conducts analysis of influence of each of them upon stability of development of the banking system separately for countries with high, middle and low level of income. Since within each model the functions of supervision over the financial sector could be given to different organisations, the article conducts analysis of expediency of participation of different combinations of supervisory bodies in the process of supervision. While making calculations the article uses data about supervision models from 203 countries of the world. In order to identify influence of different approaches to organisation of supervision, the article studies fluctuations of the indicator that characterises stability of the banking system for the periods from 2006 to 2007 and from 2007 to 2009 in the states with different levels of economic development and different models of supervision over the financial sector. It was identified during the conducted study that the most rational is to give functions of the supervisory body to the central bank, which plays the role of the mega-regulator, or to an ad hoc organisation but with mandatory participation of the central bank in the process of supervision over the banking sphere.

Keywords: supervision model; mega-regulator; "two-peak" model; sector model (search for similar items in EconPapers)
Date: 2013
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