Using the World Bank’s Bank Data to Assess Changes in Financial Regulation and Supervision since the Global Financial Crisis

The World Bank’s Bank Regulation and Supervision Survey (BRSS) data can be used to gain insights into bank regulatory/supervisory styles across countries. The data illustrate the differences in regulation/supervision among crisis, non-crisis and BRICS countries, and highlight changes in regulation and supervision during the crisis period. The results indicate that the crisis countries had weaker regulatory and supervisory frameworks than those in emerging countries during the crisis. As a distinct block BRICS countries demonstrated uniqueness in their regulatory/supervisory styles, which are similar neither to those in the crisis countries nor to those in the non-crisis countries.