Papers of the First Meeting: Institutional Structure of Financial Regulation and Supervision

The Rationale for Integrating Financial Supervision in Latin America and the Caribbean
By Edgardo Demaestri and Federico Guerrero
Paper

This paper analyzes the pros and cons of both the integrated and the specialized approaches to financial supervision. The theoretical arguments are discussed considering some recent experiences around the world and having the Latin American and the Caribbean context as a frame. Based on the analysis of the efficacy and the efficiency of each approach to fulfill the main objectives of financial regulation, the paper finds good reasons for the adoption of the integrated approach in circumstances similar than those prevailing in most countries of the region.

The United Kingdom's experience of creating an integrated Financial services regulator

By Phillip Thorpe

Paper

Last updated: 06/01/07