SupervisoryAgenciesKeyChallengesfortheSoutheastAsia.pptVIP

Integrating Financial Supervisory AgenciesKey Challenges for the Southeast Asia Economies Stephen Y.L. Cheung City University of Hong Kong Arguments in Favor Facilitates the supervision of financial conglomerates. Allows better monitoring of issues affecting the entire financial system, as well as rapid policy responses. Reduces regulatory arbitrage. Strengthens accountability of supervisors. Maximizes economies of scale. Arguments Against Low supervisory effectiveness during transition period. Other schemes to achieve prompt information in sharing and collaboration among existing agencies.