LS&A .::Downloads::.

The Issue of Supervisory Discretion

Question: How can Risk Based Supervision be implemented in countries where government officials are law enforcers and not expected to exercise discretion?

Download PDF file here View online Power Point version

A New Era in Marketplace Regulation in Canada: Published in Canadian Underwriter in November 2003.
Learn More
Re-Engineering Insurance Supervision: Jointly Published by the World Bank and the Inter-American Development Bank.
Learn More
Corporate Governance in an Integrated Supervisory Agency:

In this article we suggest some ways in which financial supervisors working in an integrated environment can organize their activities to more effectively focus on the importance of corporate governance. For the purposes of this note we consider institutional risk management to be a subset of the broader field of corporate governance.
Learn More
Differences in Risk Based Supervision: Insurance and Banking : Reprinted with permission of the Associates Forum, the newsletter of the Toronto International Leadership Centre for Financial Sector Supervision.

The critical goals of financial supervision are (1) to ensure that institutions are financially sound and in a position to discharge all their obligations to the public (i.e. solvency supervision), and (2) to see that these obligations are in fact discharged in an equitable and timely manner (i.e. market conduct supervision). The over-arching goal of financial supervision is to build public and investor confidence in the financial system as a whole, thereby strengthening the economic foundation of the country.
Learn More