Building Supervisory Structures in Sub-Saharan Africa--An Analytical Framework
AbstractCurrent trends in financial sector development in sub-Saharan Africa are prompting policymakers to focus on the design of appropriate supervisory structures. Against the backdrop of worldwide efforts to remodel supervisory structures, this paper develops an analytical framework for designing a regulatory strategy that could assist in prioritizing the needs for regulation and supervision over time. Such a strategy should facilitate the design of a supervisory structure suitable for an individual country's current and future needs. The paper emphasizes that in the case of sub-Saharan Africa, any such strategy is constrained by the reality of capacity limitations and should take into account the need to keep the central bank involved in the process. Building on the framework, the paper identifies a number of supervisory structures that could meet sub-Saharan Africa's needs.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 07/18.
Date of creation: 01 Jan 2007
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- Martin CihÃ¡k & Richard Podpiera, 2006. "Is One Watchdog Better Than Three? International Experience with Integrated Financial Sector Supervision," IMF Working Papers 06/57, International Monetary Fund.
- Beck, T.H.L. & Munzele Maimbo, S. & Faye, I. & Triki, T., 2011.
"Financing Africa: Through the crisis and beyond,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-4758568, Tilburg University.
- Serge Jeanneau, 2011. "Central bank governance and financial stability: issues of potential relevance to Africa," BIS Papers chapters, in: Bank for International Settlements (ed.), Central banking in Africa: prospects in a changing world, volume 56, pages 21-36 Bank for International Settlements.
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