Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212070 
Year of Publication: 
2007
Series/Report no.: 
Bank of Finland Research Discussion Papers No. 12/2007
Publisher: 
Bank of Finland, Helsinki
Abstract: 
The emergence of financial conglomerates and multinational financial institutions as well as the development of new financial products have raised concerns as to the ability of separate sectoral supervisors and different national authorities to effectively oversee financial markets. Concentrating on the European situation, this paper addresses these concerns by putting special emphasis on the role of organizational form in the supervisory process of financial institutions. I will first outline the developments that have led to increasing pressures to reform the current supervisory systems in Europe, proceed to discuss both some common and specific aspects of supervision of financial conglomerates and multinationals, and, finally, examine the challenges related to the integration of supervision. Using theoretical framework derived from economic theory, this paper points that multitude of factors (eg, several multitasking-related concerns) are likely to affect the effectiveness of integrated supervision.
Subjects: 
financial supervision
financial conglomerates
multinationals
integration of supervision
JEL: 
G21
G22
G28
Persistent Identifier of the first edition: 
ISBN: 
978-952-462-373-5
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.