Mwenda, Kenneth Kaoma2012-06-042012-06-042006-01-01978-0-8213-6459-8https://hdl.handle.net/10986/6952This study addresses the legal and policy issues underpinning the development of, and the strengthening of the regulatory and institutional framework for unified financial services supervision. The study discusses developments in a number of jurisdictions, among them Australia, Canada, Estonia, Germany, Hungary, Ireland, Latvia, Malta, the Scandinavian countries, the United Kingdom, and the United States. Chapter 1 examines conceptual issues to be taken into account in designing a sound regulatory and institutional framework for financial services supervision. The chapter also provides a working definition of "regulation" and delves into the intricacies of designing the appropriate regulatory framework. Chapter 2 analyzes the concept of an independent financial services regulator, arguing that a unified regulator that is both independent and accountable would help promote the development of a sound financial sector. Chapter 3 discusses the concept of a unified regulator, examining the question of whether every country should adopt a model of unified financial services supervision. Chapter 4 provides country studies, addressing the efficacy of the framework for unified financial services supervision in Latvia, the United Kingdom, and the Scandinavian countries. Finally, Chapter 5 defines policy recommendations and possible constitutional, and legal challenges that might be encountered when a country is considering unifying its regulation of financial services.en-USCC BY 3.0 IGOACCOUNTABILITYACCOUNTINGADMINISTRATIVE LAWASPBANK OF ENGLANDBANK OF JAMAICABANKING SECTORBANKING SUPERVISIONBANKSCAPITAL ADEQUACYCAPITAL ADEQUACY DIRECTIVECENTRAL BANKSCIVIL CODECLEARING HOUSESCOMPENSATIONCOMPLAINTSCONSOLIDATED SUPERVISIONCONSTITUTIONCONSUMER INTERESTSCONTROL SYSTEMSCOPYRIGHTDIRECTIVESDOIEMERGING MARKETSENFORCEMENT POWERSENVIRONMENTAL IMPACTFEDERAL DEPOSIT INSURANCEFEDERAL DEPOSIT INSURANCE CORPORATIONFINANCIAL CAPACITYFINANCIAL INSTITUTIONSFINANCIAL MARKETSFINANCIAL REGULATIONFINANCIAL SERVICESFINANCIAL SYSTEMSGOVERNMENT DEPARTMENTGOVERNMENT POLICIESINFORMATION TECHNOLOGYINSURANCEINTEGRATED REGULATIONINTERNAL CONTROLINTERNAL CONTROL SYSTEMSINTERNATIONAL LAWINVESTMENT BANKSJURISDICTIONSLEGAL FRAMEWORKLEGAL PRACTITIONERSLEGAL STATUSLEGISLATIONLIABILITYLICENSINGPENSIONSPOLICY COMMITTEEPOLICY OBJECTIVESPRIVATE PROPERTY RIGHTSPUBLIC POLICYREGISTRYREGULATORREGULATORSREGULATORY AGENCIESREGULATORY AUTHORITIESREGULATORY AUTHORITYREGULATORY BODIESREGULATORY ENVIRONMENTREGULATORY FRAMEWORKREGULATORY FRAMEWORKSREGULATORY MANDATEREGULATORY OBJECTIVESREGULATORY REGIMESREGULATORY REQUIREMENTSREGULATORY STRUCTURESRESERVE BANK OF AUSTRALIARETIREMENTRIGHT OF APPEALRULESSAFETYSUBSIDIARYSYSTEMIC RISKTRANSPARENCYUNIVERSAL BANKINGWorld Bank10.1596/978-0-8213-6459-8