Evolving International Supervisory Architexture: Design, Rationale and Policy Reforms

Abstract

The evolving transnational supervisory arrangements do not fully address the existing asymmetries in institutional arrangements. Seeking to broad base the unrepresentative arrangements to include the developing countries in the standard setting process and thus enhancing the universality of supervisory standards remains a major challenge.supervisory architecture; banking crises; off-shore financial centres; financial stability