Abstract
The financial crisis that started in 2007 was not the first and will certainly not be the last that financial supervisors have to face. This chapter explores whether the toolkit currently available to supervisors is sufficient to allow them to recognize the build-up of vulnerabilities, even during good times when there are no signs of problems, and to take action to manage the risks in good times. And what can society expect of supervisors in the future?
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Notes
- 1.
In the aftermath of the financial crisis, the Financial Stability Board and the G-20 Leaders identified as a priority the need for more intense and effective supervision, particularly as it relates to systemically important financial institutions. As a result, the FSB created the Supervisory Intensiveness and Effectiveness Committee, or SIE, which is chaired by Julie Dickson, Canada. The SIE has issued three reports on supervision, which can be found on the FSB web site.
Reference
SIE (2010) Intensity and Effectiveness of SIFI Supervision, FSB, November 2010. http://www.financialstabilityboard.org/publications/r_101101.pdf
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Dickson, J. (2013). Supervision: Looking Ahead to the Next Decade. In: Kellermann, A., de Haan, J., de Vries, F. (eds) Financial Supervision in the 21st Century. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-36733-5_14
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DOI: https://doi.org/10.1007/978-3-642-36733-5_14
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