Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/334956 
Year of Publication: 
2025
Series/Report no.: 
ECB Occasional Paper No. 375
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
Abstract: 
The IMF working paper, "Good Supervision: lessons from the field," examines the effectiveness of On-site Inspections (OSIs) as a supervisory tool in advanced economies (AEs), drawing insights from 60 Basel Core Principles (BCPs) assessments conducted between 2012 and June 2023. Despite their critical role in ensuring financial stability, OSIs are identified as the second-largest weakness among supervisory techniques in AEs. The study highlights challenges such as limited supervisory resources, infrequent inspections of smaller banks, and an overreliance on off-site monitoring, which cannot fully substitute the insights gained from in-person supervision. Key deficiencies include gaps in OSI scope, frequency, staffing, and enforcement mechanisms, as well as communication and structural issues. The paper underscores the need for supervisory authorities to balance onsite and off-site methods, enhance staffing and inspection practices, and strengthen enforcement capabilities. These improvements are deemed essential to align supervisory practices with BCP standards and foster a more resilient financial system.
Subjects: 
On-site Inspections (OSIs)
Basel Core Principle (BCP)
International Monetary Fund (IMF)
supervisory techniques
financial supervision
International Monetary Fund
financial stability
financial technology
financial regulation
World Bank
comparative analysis
JEL: 
G2
E58
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-7011-2
Document Type: 
Research Report

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