How Can Financial Supervisors Improve the Effectiveness of Corporate Governance?

New initiatives are under way to improve governance, including guidelines from supervisory standard-setting bodies such as the Basel Committee on banking supervision. These initiatives should help, but more is needed to change board culture and beh...

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Main Authors:	Palmer, John, Hoong, Chang Su
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	AUTHORITIES AUTHORITY BANK BANKING BANKING SUPERVISION BANKS BOARDS OF DIRECTORS BUSINESS PRACTICES CAPITAL ADEQUACY COMMUNICATION COMMUNITY COMPETITION CONSTITUTION CORPORATE GOVERNANCE CORPORATE GOVERNANCE REFORM CRITERIA DECISION-MAKING DECISION-MAKING PROCESS DEPOSITS DEVELOPING COUNTRIES ECONOMIC CRISIS EMERGING MARKETS ENTERPRISES EXECUTIVE BODIES EXPOSURES EXTERNAL AUDITORS FEDERAL RESERVE FEDERAL RESERVE BANK FINANCE FINANCE CORPORATION FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEMS FUTURE GOOD GOVERNANCE GOVERNANCE FAILURES GOVERNANCE ISSUES GOVERNANCE PERFORMANCE GOVERNANCE REFORM GOVERNMENT GOVERNMENT ACTION GOVERNMENT GUARANTEES GOVERNMENT INTERVENTION GRANTS GROWTH GUARANTEES HEDGE FUNDS INDEPENDENCE INDUSTRY INFORMATION FLOWS INSTITUTIONAL INVESTORS INSURANCE INSURANCE INDUSTRY INSURANCE POLICIES INTEREST INTEREST RATES INTERESTS INTERNAL AUDIT INTERNAL CONTROL INTERNATIONAL BANKING INTERNATIONAL BANKING STANDARDS INTERNATIONAL FINANCE INVESTMENTS JURISDICTION JURISDICTIONS LAW LEGISLATION LIQUIDITY LOCAL INSTITUTIONS MANDATES MONETARY AUTHORITY MORAL HAZARD NEW PRODUCTS OFFSITE MONITORING OPERATIONAL RISKS OVERSIGHT PARTICIPATION PERFORMANCE STANDARDS POLITICIANS PRICE PRINCIPAL PROJECTS PUBLIC SECTOR QUALITY OF GOVERNANCE REGULATION REGULATOR REGULATORS REGULATORY AUTHORITY REGULATORY CAPITAL REPRESENTATIVES RESPONSIBILITY RISK RISK MANAGEMENT RISK TAKING SHARE SHAREHOLDER SHAREHOLDERS STATE STATE INTERVENTION STATES STRATEGIES SUBSIDIARY SUPERVISORY AUTHORITIES TRANSPARENCY TREASURY
Online Access:	http://documents.worldbank.org/curated/en/2010/01/13134353/can-financial-supervisors-improve-effectiveness-corporate-governance http://hdl.handle.net/10986/11099

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spelling	okr-10986-110992021-04-23T14:02:54Z How Can Financial Supervisors Improve the Effectiveness of Corporate Governance? Palmer, John Hoong, Chang Su AUTHORITIES AUTHORITY BANK BANKING BANKING SUPERVISION BANKS BOARDS OF DIRECTORS BUSINESS PRACTICES CAPITAL ADEQUACY COMMUNICATION COMMUNITY COMPETITION CONSTITUTION CORPORATE GOVERNANCE CORPORATE GOVERNANCE REFORM CRITERIA DECISION-MAKING DECISION-MAKING PROCESS DEPOSITS DEVELOPING COUNTRIES ECONOMIC CRISIS EMERGING MARKETS ENTERPRISES EXECUTIVE BODIES EXPOSURES EXTERNAL AUDITORS FEDERAL RESERVE FEDERAL RESERVE BANK FINANCE FINANCE CORPORATION FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEMS FUTURE GOOD GOVERNANCE GOVERNANCE FAILURES GOVERNANCE ISSUES GOVERNANCE PERFORMANCE GOVERNANCE REFORM GOVERNMENT GOVERNMENT ACTION GOVERNMENT GUARANTEES GOVERNMENT INTERVENTION GRANTS GROWTH GUARANTEES HEDGE FUNDS INDEPENDENCE INDUSTRY INFORMATION FLOWS INSTITUTIONAL INVESTORS INSURANCE INSURANCE INDUSTRY INSURANCE POLICIES INTEREST INTEREST RATES INTERESTS INTERNAL AUDIT INTERNAL CONTROL INTERNATIONAL BANKING INTERNATIONAL BANKING STANDARDS INTERNATIONAL FINANCE INVESTMENTS JURISDICTION JURISDICTIONS LAW LEGISLATION LIQUIDITY LOCAL INSTITUTIONS MANDATES MONETARY AUTHORITY MORAL HAZARD NEW PRODUCTS OFFSITE MONITORING OPERATIONAL RISKS OVERSIGHT PARTICIPATION PERFORMANCE STANDARDS POLITICIANS PRICE PRINCIPAL PROJECTS PUBLIC SECTOR QUALITY OF GOVERNANCE REGULATION REGULATOR REGULATORS REGULATORY AUTHORITY REGULATORY CAPITAL REPRESENTATIVES RESPONSIBILITY RISK RISK MANAGEMENT RISK TAKING SHARE SHAREHOLDER SHAREHOLDERS STATE STATE INTERVENTION STATES STRATEGIES SUBSIDIARY SUPERVISORY AUTHORITIES TRANSPARENCY TREASURY New initiatives are under way to improve governance, including guidelines from supervisory standard-setting bodies such as the Basel Committee on banking supervision. These initiatives should help, but more is needed to change board culture and behavior. Financial supervisors have an important stake in ensuring sound corporate governance as a strong underpinning for effective supervision. This paper suggests measures that financial supervisors can take to improve governance in regulated financial institutions. Although governance performance is inherently difficult to assess, supervisors who make extensive use of onsite inspections and actively engage boards and board committees will have a greater chance of improving the quality of governance performance in the financial institutions for which they are responsible. 2012-08-13T14:08:24Z 2012-08-13T14:08:24Z 2010-01 http://documents.worldbank.org/curated/en/2010/01/13134353/can-financial-supervisors-improve-effectiveness-corporate-governance http://hdl.handle.net/10986/11099 English Private Sector Opinion; No. 18 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	AUTHORITIES AUTHORITY BANK BANKING BANKING SUPERVISION BANKS BOARDS OF DIRECTORS BUSINESS PRACTICES CAPITAL ADEQUACY COMMUNICATION COMMUNITY COMPETITION CONSTITUTION CORPORATE GOVERNANCE CORPORATE GOVERNANCE REFORM CRITERIA DECISION-MAKING DECISION-MAKING PROCESS DEPOSITS DEVELOPING COUNTRIES ECONOMIC CRISIS EMERGING MARKETS ENTERPRISES EXECUTIVE BODIES EXPOSURES EXTERNAL AUDITORS FEDERAL RESERVE FEDERAL RESERVE BANK FINANCE FINANCE CORPORATION FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEMS FUTURE GOOD GOVERNANCE GOVERNANCE FAILURES GOVERNANCE ISSUES GOVERNANCE PERFORMANCE GOVERNANCE REFORM GOVERNMENT GOVERNMENT ACTION GOVERNMENT GUARANTEES GOVERNMENT INTERVENTION GRANTS GROWTH GUARANTEES HEDGE FUNDS INDEPENDENCE INDUSTRY INFORMATION FLOWS INSTITUTIONAL INVESTORS INSURANCE INSURANCE INDUSTRY INSURANCE POLICIES INTEREST INTEREST RATES INTERESTS INTERNAL AUDIT INTERNAL CONTROL INTERNATIONAL BANKING INTERNATIONAL BANKING STANDARDS INTERNATIONAL FINANCE INVESTMENTS JURISDICTION JURISDICTIONS LAW LEGISLATION LIQUIDITY LOCAL INSTITUTIONS MANDATES MONETARY AUTHORITY MORAL HAZARD NEW PRODUCTS OFFSITE MONITORING OPERATIONAL RISKS OVERSIGHT PARTICIPATION PERFORMANCE STANDARDS POLITICIANS PRICE PRINCIPAL PROJECTS PUBLIC SECTOR QUALITY OF GOVERNANCE REGULATION REGULATOR REGULATORS REGULATORY AUTHORITY REGULATORY CAPITAL REPRESENTATIVES RESPONSIBILITY RISK RISK MANAGEMENT RISK TAKING SHARE SHAREHOLDER SHAREHOLDERS STATE STATE INTERVENTION STATES STRATEGIES SUBSIDIARY SUPERVISORY AUTHORITIES TRANSPARENCY TREASURY
spellingShingle	AUTHORITIES AUTHORITY BANK BANKING BANKING SUPERVISION BANKS BOARDS OF DIRECTORS BUSINESS PRACTICES CAPITAL ADEQUACY COMMUNICATION COMMUNITY COMPETITION CONSTITUTION CORPORATE GOVERNANCE CORPORATE GOVERNANCE REFORM CRITERIA DECISION-MAKING DECISION-MAKING PROCESS DEPOSITS DEVELOPING COUNTRIES ECONOMIC CRISIS EMERGING MARKETS ENTERPRISES EXECUTIVE BODIES EXPOSURES EXTERNAL AUDITORS FEDERAL RESERVE FEDERAL RESERVE BANK FINANCE FINANCE CORPORATION FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEMS FUTURE GOOD GOVERNANCE GOVERNANCE FAILURES GOVERNANCE ISSUES GOVERNANCE PERFORMANCE GOVERNANCE REFORM GOVERNMENT GOVERNMENT ACTION GOVERNMENT GUARANTEES GOVERNMENT INTERVENTION GRANTS GROWTH GUARANTEES HEDGE FUNDS INDEPENDENCE INDUSTRY INFORMATION FLOWS INSTITUTIONAL INVESTORS INSURANCE INSURANCE INDUSTRY INSURANCE POLICIES INTEREST INTEREST RATES INTERESTS INTERNAL AUDIT INTERNAL CONTROL INTERNATIONAL BANKING INTERNATIONAL BANKING STANDARDS INTERNATIONAL FINANCE INVESTMENTS JURISDICTION JURISDICTIONS LAW LEGISLATION LIQUIDITY LOCAL INSTITUTIONS MANDATES MONETARY AUTHORITY MORAL HAZARD NEW PRODUCTS OFFSITE MONITORING OPERATIONAL RISKS OVERSIGHT PARTICIPATION PERFORMANCE STANDARDS POLITICIANS PRICE PRINCIPAL PROJECTS PUBLIC SECTOR QUALITY OF GOVERNANCE REGULATION REGULATOR REGULATORS REGULATORY AUTHORITY REGULATORY CAPITAL REPRESENTATIVES RESPONSIBILITY RISK RISK MANAGEMENT RISK TAKING SHARE SHAREHOLDER SHAREHOLDERS STATE STATE INTERVENTION STATES STRATEGIES SUBSIDIARY SUPERVISORY AUTHORITIES TRANSPARENCY TREASURY Palmer, John Hoong, Chang Su How Can Financial Supervisors Improve the Effectiveness of Corporate Governance?
relation	Private Sector Opinion; No. 18
description	New initiatives are under way to improve governance, including guidelines from supervisory standard-setting bodies such as the Basel Committee on banking supervision. These initiatives should help, but more is needed to change board culture and behavior. Financial supervisors have an important stake in ensuring sound corporate governance as a strong underpinning for effective supervision. This paper suggests measures that financial supervisors can take to improve governance in regulated financial institutions. Although governance performance is inherently difficult to assess, supervisors who make extensive use of onsite inspections and actively engage boards and board committees will have a greater chance of improving the quality of governance performance in the financial institutions for which they are responsible.
format	Publications & Research :: Brief
author	Palmer, John Hoong, Chang Su
author_facet	Palmer, John Hoong, Chang Su
author_sort	Palmer, John
title	How Can Financial Supervisors Improve the Effectiveness of Corporate Governance?
title_short	How Can Financial Supervisors Improve the Effectiveness of Corporate Governance?
title_full	How Can Financial Supervisors Improve the Effectiveness of Corporate Governance?
title_fullStr	How Can Financial Supervisors Improve the Effectiveness of Corporate Governance?
title_full_unstemmed	How Can Financial Supervisors Improve the Effectiveness of Corporate Governance?
title_sort	how can financial supervisors improve the effectiveness of corporate governance?
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2010/01/13134353/can-financial-supervisors-improve-effectiveness-corporate-governance http://hdl.handle.net/10986/11099
_version_	1764415523567697920

How Can Financial Supervisors Improve the Effectiveness of Corporate Governance?

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