中央银行在金融监管作用的.pdfVIP

Central T H E R O L E O F C E N T R A L banking, B A N K S I N F I N A N C I A L S U P E R V I S I O N A N D monetary R E G U L A T I O N ecaf_1917 40..46 stability and financial David G. Mayes stability This article describes thinking on the institutions of financial supervision and regulation prior to the current crisis and goes on to examine what lessons have been learnt subsequently. It concludes that the problem is not so much that central banks needed to be more closely involved in supervision at the outset but that many countries did not have satisfactory schemes in place for resolving problems in large institutions. Central banks and governments were then forced into ad hoc measures that could have unfortunate implications for moral hazard in the future unless fundamental problems are addressed. Keywords: Banking supervision, central banks, financial crisis, FDIC, FSA, regulation, resolution regime. Introduction order both to head off and to handle problems. Until the present financial crisis, views In this article I consider whether we have among practitioners an