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Bank Regulation, Supervision and Efficiency during the Global Financial Crisis

Bank Regulation, Supervision and Efficiency
during the Global Financial Crisis

by
Dr. Vighneswara Swamy*

Abstract
In this study, using the World Bank’s Bank Regulation and Supervision Survey (BRSS) data, we draw insights about the bank regulatory/supervisory styles and illustrate the differences in regulation/supervision among crisis, non-crisis and BRICS countries and highlight the ways in which bank regulation and supervision has changed during the crisis period. The study suggests that crisis-countries had weaker regulatory and supervisory frameworks compared to those in emerging countries during the crisis. BRICS countries as a distinct block has demonstrated uniqueness in the regulatory/supervisory styles which is neither similar to crisis-countries nor with the non-crisis countries.

Keywords: Central Banks, Banking Regulation, Capital adequacy, Regulation,
     Risk, Supervision, Financial markets and governance, Crisis

JEL Classification: E58, G18, G20, G21, G32, G38, L51, O16


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