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Building Supervisory Structures in Sub-Saharan Africa; An Analytical Framework

Author

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  • Marc G Quintyn
  • Michael W Taylor

Abstract

Current 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.

Suggested Citation

  • Marc G Quintyn & Michael W Taylor, 2007. "Building Supervisory Structures in Sub-Saharan Africa; An Analytical Framework," IMF Working Papers 07/18, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:07/18
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=20128
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    References listed on IDEAS

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    1. Martin Cihak & Richard Podpiera, 2006. "Is One Watchdog Better Than Three? International Experience with Integrated Financial Sector Supervision," IMF Working Papers 06/57, International Monetary Fund.
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    Cited by:

    1. Donato Masciandaro & Marc Quintyn, 2011. "Regulating the Regulators: The Changing Face of Financial Supervision Architectures Before and After the Financial Crisis," Chapters,in: Handbook of Central Banking, Financial Regulation and Supervision, chapter 16 Edward Elgar Publishing.
    2. Hearn, Bruce, 2014. "Institutional impact on the expropriation of private benefits of control in North Africa," Research in International Business and Finance, Elsevier, vol. 30(C), pages 1-23.
    3. Thorsten Beck & Samuel Munzele Maimbo & Issa Faye & Thouraya Triki, 2011. "Financing Africa : Through the Crisis and Beyond," World Bank Publications, The World Bank, number 2355, January.
    4. Hearn, Bruce, 2012. "The contrasting effects of board composition and structure on IPO firm underpricing in a developing context," International Review of Financial Analysis, Elsevier, vol. 21(C), pages 33-44.
    5. 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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