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Building Supervisory Structures in Sub-Saharan Africa: An Analytical Framework
Author:
Mr. Marc G Quintyn
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Mr. Michael W Taylor
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Series:
IMF Working Papers
Volume/Issue:
Volume 2007: Issue 018
Language:
English
Publication Date:
01 Jan 2007
DOI:
https://doi.org/10.5089/9781451865820.001
ISBN:
9781451865820
ISSN:
1018-5941
Pages:
32
Keywords:
WP; banking supervision; monetary policy; regulatory agency; SSA country; central bank responsibility; sector supervision structure; Africa; bank supervision; financial development; and financial regulation; securities supervision; central bank involvement; supervision of nonbank sector; oversight function; central bank's supervision; central bank staff; central bank's prestige; central bank expertise; aftermath of a banking crisis; supervision to the level; Nonbank financial institutions; Financial sector development; Sub-Saharan Africa
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2007: Issue 018